Join our daily newsletter At The Bell to receive exclusive market insights
- Noronex (NRX) released an exploration update of the first round of geophysical testing from Snowball JV based in the Kalahari Copper belt in Namibia
- An Induced Polarization (IP) survey has been completed at the Henneh prospect on the Snowball joint venture (JV) area with a strong chargeable anomaly found
- Results from the maiden drilling program at Christiadore prospect did not intersect significant copper with results still pending for the latter two prospects
- Okasewa South currently has two drill rigs on-site to test high priory copper geochemical soil and geochemical IP chargeability targets
- Noronex shares have fallen 18.2 per cent and were trading at 8.1 cents a share
Noronex (NRX) has released an exploration update of the first round of geophysical testing from Snowball JV based in the Kalahari Copper belt in Namibia.
An induced polarization (IP) survey has been completed at the Henneh prospect on the Snowball joint venture (JV) area, with a strong chargeable anomaly found.
The IP survey is currently underway at Hekango prospects with the same JV partner.
More than 9000 of the 12,000 metres of the planned drilling program has been completed at the Otjiwaru Chirstiadore, Gembocksvlei and Okasewa prospects.
Results from the maiden drilling program at Christiadore prospect did not intersect significant copper, with results still pending for the Gembocksvlei and Okasewa prospects.
Okasewa South currently has two drill rigs on-site to test high priory copper geochemical soil and geochemical IP chargeability targets.
Following the completion of a drill series at Okasewa, the dills are scheduled to move to the high priority targets at Dalheim.
Noronax has lodged six applications, out of which all have been accepted by the Ministry of Mines.
The applications cover an additional 3467 square kilometres over large prospective parts of the Kalahari Copper Belt in a shallow pit.
“Early work at Snowball is defining drill targets in the ground geophysics along with the prospective contact at Hennep that is encouraging for this area and the new applications on the Kalahari Copper Belt in Namibia,” chief geologist Bruce Hooper said.
Noronex shares have fallen 17.2 per cent on the market, rounding off the day at 8.2 cents.
