Connected Minerals (ASX:CML) is planning its next stage of exploration at the Etango North-East Project in Namibia following the return of phase two drilling results.
The company targeted the Ondapanda prospect for 3,134m of drilling across 23 holes in phase two, returning economical grades of uranium from 17 holes.
Along with phase one of drilling completed earlier in the year, Connected says both programs indicate multiple, stacked and mineralised alaskites, which is prospective to similar geology as Bannerman Energy’s (ASX:BMN) Etango Uranium Project.
Bannerman’s Etango holds a resource of 429 million tonnes @ 225ppm uranium trioxide.
CEO Warrick Clent says over 80% of holes drilled in both phase one and two returned economic uranium grades.
“What is of note from the phase two results is the shallow nature of the higher grades reported, with a number of the holes (0038, 0035, and 0024) returning multiple high grade significant intersections,” Clent says.
“The grades in the central zone of the Ondapanda prospect are impressive, and the more recent drilling in the western portion has outlined mineralisation that will require follow-up in future programs.”
Highlights include 3m @ 265 parts per million (ppm) equivalent uranium trioxide from 34m, including 1m @ 435ppm; 2m @ 467ppm eU3O8 from 14m, including 1m @ 685ppm; and 4m @ 456ppm eU3O8 from 36m, including 1m @ 716ppm.
Connected Minerals is an Australian explorer focused on developing projects in Namibia and Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Connected Minerals
