Elevate Uranium’s Koppies Uranium Project continues to expand outside of the resource area, with the Namib IV mineralisation polygon now about 11 km long by 7.5 km wide.
Namib IV is only 10 kilometres from the southern portion of the Koppies resource and is part of the Koppies Uranium Project.
Any resources delineated at Namib IV will contribute to the total Koppies Uranium Project resource base and could extend the potential mine life or enable an increased production rate at any future mining operation at Koppies.
The Koppies area in the Erongo region comprises Namib IV, Hirabeb and EPLs 7279 and 10780.
Elevate Uranium is drilling the tenement to determine the extent of mineralisation and future infill drill programs in selected areas to define portions of higher-grade mineralisation to estimate a maiden mineral resource later in the year.
The company’s CEO, Murray Hill, says the exploration programs have diversified over the past 12 months to include a variety of targets in addition to the more traditional paleochannel-hosted style of mineralisation. Murray also says Elevate Uranium has identified mineralisation in basement lithologies at Koppies and Hirabeb and now at Namib IV.
“These targets open a new search space for us, no longer restricting exploration to palaeochannel uranium deposits,” Murray says.
According to Murray, the programs targeted anomalies identified from airborne radiometric and electromagnetics surveys, as well as conceptual geological targets based on an interpreted contact position between basement granite and schist, a known important contact position in focusing uranium mineralisation at some of the company’s other projects. No significant mineralisation was intersected, and therefore, the company has elected to relinquish these tenements.
As the company progresses Namib IV towards a maiden mineral resource, the following steps will include additional step-out drilling to define the extent of the mineralisation, followed by infill drilling of selected areas to determine better portions of higher-grade mineralisation, which will then be drilled out at sufficient spacing to report the maiden resource.
