ENRG Elements (ASX:EEL) will begin a trenching program in February 2024 at its wholly owned Agadez Uranium Project in Niger using African Logging SARL.
The $10.09 million market capitalisation company will focus on the Takardeit area targeting 4 prospective areas for more detailed groundwork. This is in addition to a re-examination of the original Indo Energy trench excavated in 2009.
Results from trenching are hoped to better target follow-up drilling, aid in better mineral resource estimations, and assist in planning for exploration on other ENRG leases.
Ahead of trenching, ENRG will complete a ground radiometric survey combined with geological mapping around each trench site to define the most appropriate location.
Once excavated to a depth of about 2m, the trench walls will be mapped, radiometrically logged, and systematically sampled using a channel cut along one wall at a constant height above the trench floor.
ENRG’s Agadez Project sits in the Tim Mersoi Basin of Niger and has a JORC resource of 21.5 million pounds of contained triuranium octoxide at 315 parts per million from surface.
As of 30 December 2023, ENRG Elements had $1.341 million cash and cash equivalents at hand, according to its latest quarterly report.
Write to Adam Drought at Mining.com.au
Images: ENRG Elements
