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Marenica Energy Ltd.
Summary
| Project: | Koppies | |
|---|---|---|
| Deposit: | Koppies | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 2/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-2-2020: Marenica Energy Ltd. announces an Exploration/Drilling Update report for its Koppies deposit at the Koppies project. Drilling results incl. 3m @ 3087ppm U3O8 from 1m. Marenica Energy Limited (“Marenica”, the “Company”) (ASX:MEY) is pleased to a | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Herbert Roesener (Independent) | |
| ABSTRACT: | Marenica Energy Limited (“Marenica”, the “Company”) (ASX:MEY) is pleased to announce that it has received the assay results from the Phase 3 reverse circulation (“RC”) drilling program undertaken at the Koppies tenement in Namibia. These results confirm an extensive mineralised palaeochannel at Koppies 2, which is up to 1.2 km wide and at least 3.6 km long, the palaeochannel is open to the East. An exceptional assay interval of 1 m at 7,060 ppm U3O8 was contained within an intersection of 3 m at 3,087 ppm U3O8 in hole KOR62. This is the highest grade metre interval to date from all drilling campaigns conducted by Marenica at the Koppies EPL. In addition, exploration by horizontal loop electromagnetic (”HLEM”) surveys undertaken in January 2020 indicate the Koppies 2 palaeochannel is larger than its current dimensions, of up to 1.2 km wide and at least 3.6 km long. The paleochannel remains open to the east. Additional HLEM surveys and a drill program are being planned for the eastern end of the Koppies 2 palaeochannel. | |
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