Snow Lake Resources has initiated the Phase 2 drill program at the Engo Valley Uranium Project, scheduled to begin mobilization to the site in mid-March 2025.
The Engo Valley Uranium Project is in the Skeleton Coast, Opuwo District, in the Kunene Region.
Uranium mineralisation was discovered in 1973, and Gencor conducted exploration intermittently between 1974 and 1980.
Assuming drilling goes according to plan and downhole radiometric and assay results are received in a timely fashion, the preparation of a maiden mineral resource estimate is targeted for completion during the second half of 2025
The Phase 2 drill program will consist of up to 7,500 metres of a combination of reverse circulation and diamond drilling and provide a sufficient drill database to calculate a maiden mineral resource estimate by SK-1300.
The focus of the Phase 2 drill program will be on the Main Uranium Occurrence and the D1 target, where historical uranium mineralization was confirmed by the Phase 1 drill program completed by Snow Lake in late 2024
Additional reverse circulation and diamond drilling will also be undertaken on several highly prospective targets in the north and south parts of the project area, previously identified by the radon cup survey in 2024
Snow Lake Resources CEO Frank Wheatley says they expect this program to provide the data set necessary to calculate a maiden mineral resource estimate during the second half of 2025.
“Given the global focus on nuclear energy, and in particular the new United States administration’s policies regarding advanced atomic technology, global demand for uranium will continue to increase in the coming decade, and we anticipate being able to demonstrate that Engo Valley has the potential to contribute to meeting that demand,” Wheatley says.
