Noronex is conducting a spectrometry survey at the Etango North Uranium Project in the centre of Namibia’s hard rock uranium district.
Etango North under EPL 6776 is a joint venture with a local Namibian partner.
Noronex can earn up to an 80% interest in EPL 6776, serving as the manager and operator of the JV.
The survey comprises 244 kilometres of lines, 80m apart, and is expected to take approximately six weeks to complete.
The spectrometry survey, which commenced this week, targeting the priority area, is expected to take approximately six weeks and cover an area of 17.9 km², consisting of 244-line kilometres, 80m apart.
Noronex has engaged Terratec Geophysical Services Namibia to carry out the survey and data analysis.
The company plans to follow up with work, including geochemical surveys and potentially drilling, once the results of the spectrometry survey have been analysed.
Only limited historical exploration has been completed in the licence area.
This previous exploration by Bannerman Energy consisted of 12 shallow air-core holes drilled on one airborne anomaly located southwest of the license area. Results from this exploration have been incorporated into regional reviews.
Limited mapping, ground geochemistry, and radon gas surveys have been conducted on EPL 6776, while over 100 holes have been drilled outside the current tenement package borders.
Noronex Managing Director and CEO Victor Rajasooriar says the Etango North Project offers outstanding prospectivity for uranium discoveries and represents a further exciting string in the company’s bow alongside our copper exploration tenure in the Kalahari Copper Belt and Canada.
Rajasooriar also says the results of this spectrometry survey will provide an important insight into key targets for follow-up exploration at Etango North, including a geochemical survey and potential drilling.
“Namibia has a long history of uranium mining and, given the supportive geopolitical environment to establish green energy supply and the recent confidence in the uranium price, this exploration program has the potential to deliver plenty of upside for shareholders.”
