Snow Lake Resources has completed a topographical survey of the Engo Valley Uranium Project and
located all historic drill collars from Gencor’s 1970 drilling campaign.
The Engo Valley Uranium Project is on the Skeleton Coast in the Opuwo District of the Kunene Region.
Uranium mineralisation was discovered in 1973, and Gencor conducted exploration intermittently between 1974 and 1980.
The Snow Lake Resources field crew set up a camp at the Engo Valley Uranium Project to start the 2024 initial phase of the exploration program early this month.
The company’s 2024 exploration program consisted of analysing all airborne survey data previously flown by the government over the project area, together with all other historical exploration reports and data on the project area on file with the mines ministry.
The initial phase of a RadonX™ cup survey, where 1,752 radon cups were deployed at a line and cup spacing of 400 meters and 200 meters over a survey area of approximately 139 square kilometres, was initiated in late May and completed in early June.
The initial phase of this survey successfully identified potentially uraniferous areas indicated by a strange and highly abnormal radon flux.
The anomalous zones within the northern portion of the survey area correlate well with historical targets identified by Gencor.
The increased extent of these anomalies beyond those identified by Gencor indicates the potential for extensions to the mineralisation.
The sizeable abnormal area in the southern portion of the survey also correlates well with targets and mineralisation identified by Gencor.
Based on these positive results, field crews are deploying an infill RadonX™ cup survey over these anomalous areas every 100 meters, along 200-metre-spaced survey lines, to identify targets for drill testing more accurately.
Drill crews are mobilising to the site for an initial 1,000-meter reverse circulation drill program to twin the historical drill holes and begin an infill grid pattern between the historical drill holes.
Downhole radiometry will be undertaken on each new drill hole.
The Engo Valley Uranium Project is considered a top-tier exploration project with historical, non-modern mining code-compliant uranium resources that would benefit from modern techniques and technology for uranium exploration.
Snow Lake and a private British Columbia company signed a binding letter of intent to acquire up to 85% of Namibia Minerals and Investment Holdings (Proprietary) Limited, the sole registered and beneficial owner of 100% of the EPL 5887.
The license, valid until February 12, 2026, covers 69,530 hectares and includes base and rare metals, industrial minerals, non-nuclear fuel minerals, nuclear fuel minerals, precious metals, and precious stones.
