Connected Minerals has reported promising results from its maiden reverse circulation (RC) drilling program at the Etango North-East uranium project in Namibia.
Potential economic uranium grades were intersected from 14 of the 15 holes drilled.
The 15-hole, 2688m drilling program targeted high-priority zones identified through extensive mapping and scintillometer surveys.
The results confirm the presence of multiple stacked and mineralised Alaskite units, reinforcing the geological similarities to Bannerman Energy’s world-class Etango uranium project located nearby.
“To be able to report such positive results from our maiden drilling at Etango North-East so soon after being reinstated to the ASX in October last year is a fantastic outcome,” Connected managing director and chief executive officer Warrick Clent said.
“We are extremely pleased with the results from Etango North-East, with 14 of the 15 holes drilled delivering potentially economic grades.
“Pleasingly, as we had hoped, the results are in line with the first drilling results reported (in 2006) from Bannerman Energy’s world-class Etango uranium project, which our project is located along strike from and within the same rock units as.”
Key intercepts include:
- OPRC0008: 5m at 358 parts per million (ppm) eU₃O₈ from 88m, including 2m at 643ppm and 1m at 814ppm from 89m
- OPRC0010: 4m at 230ppm eU₃O₈ from 47m, including 2m at 283ppm and 1m at 345 eU₃O₈ from 47m
- OPRC0006: 3m at 312ppm eU₃O₈ from 68m, including 1m at 340ppm.
“We have already commenced planning our phase two drilling and exploration program at Etango North-East which we will advise the market details of in due course,” Clent said.
Fieldwork will now begin on the major scintillometer anomalies at the Pandula and Onkumbwa prospects to the south of the phase one drill area.
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