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Noronex (ASX:NRX) exploration and drilling update across portfolio

ASX News, Materials
ASX:NRX      MCAP $5.496M
17 February 2022 16:56 (AEDT)

Source: Noronex

Noronex (NRX) has commenced its first drill program at the Snowball Joint Venture in Namibia with further exploration and drilling planned at the site.

The company said induced polarisation surveys have been completed at Kehora North in Snowball, which has defined drill targets for future programs.

Further fieldwork including mapping, geochemistry and ground magnetics has been completed and three reverse circulation (RC) drill holes will now test this anomalous structure.

Meanwhile, drilling at the nearby Witvlei Project has been completed with over 12,000 metres of RC drilling concluded while follow-up drilling is underway.

The focus of the current exploration efforts is on five targets on the Witvlei project, comprising two exclusive prospecting licences covering 390 square kilometres that are prospective for sedimentary copper-silver mineralisation.

Diamond drilling is expected to follow up on the regional RC hole fences to define the style and character of the geology and mineralisation.

At the Gembocksvlei prospect at Witvlei results have confirmed geochemical anomalies including intercepts of 5 metres at 0.5 per cent copper from 19 metres.

Meanwhile, at the nearby Dalheim prospect, a drill is testing geochemical soil anomalies.

The company said a program of ten holes has been planned which will be extended due to visual oxide and sulphide mineralisation being noted.

Shares remained falt at 8.2 cents.

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