Snow Lake Resources says mobilisation has begun for the phase 2 drill program at its Engo Valley Uranium Project.
The Engo Valley Uranium is an exploration stage project located in the Skeleton Coast of Namibia.
The phase 2 drill program will consist of up to 7,500 metres of reverse circulation and diamond drilling.
It is designed to provide a drill database sufficient to calculate a maiden uranium mineral resource estimate by SK-1300.
Following its recent capital raisings totalling ~US$37 million, Snow Lake is fully funded to undertake phase 2 and calculate and publish a maiden mineral resource estimate for Engo Valley.
Snow Lake Resources CEO Frank Wheatley says this program aims to develop a drill database sufficient to calculate a maiden resource estimate at Engo Valley in the second half of 2025.
“With global demand for uranium continuing to increase due to the ongoing construction of nuclear reactors worldwide, coupled with the US government’s renewed focus on nuclear energy, we believe our phase 2 drill program at Engo Valley provides us with the opportunity to delineate a potentially economic uranium resource in Namibia, currently the third largest global uranium producer,” Wheatley says.
Phase 2 will focus on the main uranium occurrence and the D1 target area.
Several drill holes will be undertaken on targets identified by the radon cup survey (undertaken in 2024) outside the main uranium occurrence and D1.
Downhole radiometrics will be conducted on each drill hole.
With mobilisation to the site now underway, preparing a maiden mineral resource estimate, assuming drilling goes according to plan and assay results are received promptly, is targeted for completion during the second half of 2025.
Snow Lake Uranium completed phase 1 drill program, which confirmed significant uranium mineralization in February 2025.
The phase 1 drill program consisted of 1,570 metres of drilling in 20 reverse circulation drill holes, with downhole radiometrics completed on each drill hole.
Eleven of the 20 drill holes in phase 1 returned mineralised intersections greater than 100 ppm eU3O8, ranging from 1 meter to 20 meters in width.
Initial chemical assays confirmed a positive correlation between chemical assays and equivalent radiometric assays
The geology of the twinned drill holes confirmed a positive correlation to the lithologies from the exploration work undertaken in the 1970s.
