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Marenica Energy Ltd.
Summary
| Project: | Koppies | |
|---|---|---|
| Deposit: | Koppies | |
| Location: | Namibia | |
| Commodities: | Uranium | |
| Date: | 8/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2019: Marenica Energy Ltd. announces an Exploration/Drilling Update report for its Koppies deposit at the Koppies project. Drilling results incl. 6m @ 432ppm U3O8 from 7m. Marenica Energy Limited (“Marenica”, “The Company”, ASX:MEY) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Herbert Roesener (Independent) | |
| ABSTRACT: | Marenica Energy Limited (“Marenica”, “The Company”, ASX:MEY) is pleased to announce it has received assay results from the first stage of its reconnaissance RAB drilling on exclusive prospecting licence (“EPL”) 6987 in Namibia. EPL 6987, known as Koppies, is one of eight tenements that the Company has applied for in the Namib desert in recent years. The planned exploration program at Koppies involves completing geophysical and geochemical exploration to identify palaeochannels over 2km strike lengths, before drilling to confirm the channel and mineralisation. This sequential exploration program, over each 2km, is planned to continue over the extent of the EPL. Marenica Managing Director Murray Hill said, “Our eight drill holes have all hit mineralisation. We are really excited by these drilling results which have identified a large zone of uranium mineralisation and at a significant grade. The success of this reconnaissance program supports our exploration theory for this area and provides us with the impetus to immediately undertake expanded drilling activities on this tenement.” The program included eight RAB holes for 136m with all holes intersecting uranium mineralisation. Mineralised intersections greater than 100ppm U3O8 are summarised in Table 1. | |
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