Canadian uranium miners strike gold

A CANADIAN mining firm exploring for uranium has found itself holding an apparent river of gold.

Laramide Resources knew there was gold near its uranium deposit, just not how much.

Now it appears it could be more than just a few specks of dust.

Vice-president exploration Peter Mullens said if more was found, Laramide might consider expanding its Westmoreland uranium mine to include a gold mine.

"Most of the drilling we have doesn't have gold in it, but it all has uranium," he said.

"There is a possibility we may enhance the gold side of it.

"If we find a substantial resource and commercially-available quantities, it would be a lot more interesting."

As it prospects for gold, Laramide plans to work through its environmental approvals for its uranium operations within two years before deciding if it will develop.

If built, the mine would truck uranium to train lines in Northern Territory where it would be moved to ports in either Darwin or Adelaide.

The future of the project grew more likely after a significant policy change from the LNP Government last year backed uranium mining in Queensland.

Topics:  gold mining uranium

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Gallery hums with two new exhibitions

SHOW STOPPER: Hobie Porter at the opening of Unnatural History: The Tower Hill Project at The Lismore Regional Gallery.

Regional Gallery hums with two new exhibitions

Chicks With Attitude - the true meaning behind the CWA

BAKE READY: Alison (centre) on the new branch of Lismore's CWA outside the tea rooms at Spinks Park.

Meet the CWA chicks who serve crackerjack scones

Um... can you just not?

CANDID: Barnaby Joyce caught eyeing off former staffer and current partner Vikki Campion back at a summit in 2016.

When you doing something you think you shouldn't, can you just not?

Local Partners