Connected Minerals (ASX:CML) has been given a “massive leap of knowledge” after receiving the latest trenching and sampling results from the Etango North-East Project in Namibia.
On 5 February, Mining.com.au reported the $9.65 million market capitalisation company’s results from 132 rock chip samples which extends the area of mineralisation that was identified from its initial exploration program.
CEO Warrick Clent tells this news service that not only does Connected know it has “significant” uranium mineralisation at surface, but with the detailed geological mapping and scintillometer survey over Ondapanda, the company can uncover prospective alaskite host rock of that mineralisation.
“Our aim for the upcoming drilling is to intersect these stacked alaskite host rocks, analogous to Bannerman Energy’s (ASX:BMN) nearby Etango deposit, and extend the known uranium mineralisation to depth over a larger zone at the Ondapanda prospect,” Clent tells Mining.com.au.
The company is currently reviewing the results from the latest program ahead of an upcoming reverse circulation drilling program which will begin within a few weeks.
Connected Minerals Exploration Manager Berti Roesener is in the process of appointing a drill contractor.
Clent notes the company is still in the process of planning the amount of holes and how many metres of drilling will be conducted.
During the process of the latest work at Etango North-East Project, the company has been able to uncover two further prospects – Pandula and Onkumbwa. As such, Connected Minerals plans to extend further detailed exploration to the two areas, both of which are open to the east and southwest, respectively.
“The aim of this work is to provide additional targets to extend our pipeline of drill targets into the future,” Clent tells Mining.com.au.
In parallel with ongoing work at Etango North-East, the company began a horizontal-loop electromagnetic survey of the Swakopmund Project area. The aim of this survey is to define potential paleochannels.
Clent says these paleochannels hold potential to host calcrete-hosted uranium mineralisation.
“This licence is downstream from Orano’s Trekkopje deposit which gives us great hope for this area,” he says.
Subject to the survey results, Connect Minerals anticipates this could be the next drilling target for the company.
The Swakopmund Project, covering 125km2, demonstrates potential for a low-grade, high-tonnage uranium deposit in Namibia.
Connect Minerals is a uranium-focused explorer with assets in Namibia and Western Australia.
Write to Aaliyah Rogan at Mining.com.au
Images: Connected Minerals
