UPDATE: Laramide Up More than 2% As Continues to Expand New Zone of Mineralization at Westmoreland

By Midnight Trader,  January 09, 2013, 09:53:08 AM EDT

Laramide Resources Ltd. (LAM.TO) announced additional drilling assay results at the 100% owned Westmoreland Uranium Project located in Northwest Queensland, Australia.

Peter Mullens, Vice President, Exploration said: "The results continue to confirm the technical merits of Westmoreland. The new mineralization east of the dyke initially reported in the previous press release (drill holes WDD12-159 and 160) continues to show promise with a substantial intercept in drill hole WDD12-170 (34 metres at 1,467 ppm U3O8 including 10 metres at 3,965 ppm U3O8."

LAM went up by more than 2% to 91 cents, trading closer to year low 68 cents.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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