- Noronex (NRX) identifies encouraging copper hits from an initial review of historical drilling at the Fiesta prospect within its Humpback EPL applications area in Namibia
- The company’s interpretation of the previous drilling carried out over the Humpback applications showed an exploration program comprising 123 holes drilled at and along strike from Fiesta
- Historical assay results from the prospect included copper and silver intercepts returning grades peaking at 2.5 per cent copper and 82 g/t silver
- The previous drilling delineated a steeply dipping mineralised sheet measuring a strike length of more than 3.5 kilometres
- NRX shares rise 10.5 per cent to 9.5 cents
Noronex (NRX) has identified some encouraging copper hits from an initial review of historical drilling data generated for the Fiesta prospect within its Humpback EPL applications area in Namibia.
The company said its interpretation of the previous drilling carried out over the Humpback applications showed an exploration program comprising 123 drill holes put down at and along strike from Fiesta.
Most of the drilling occurred between 2009 and 2015 with a significant portion of it intersecting copper mineralisation at Fiesta over a strike length of about 3.5 kilometres.
Better drilling results identified included eight metres grading 2.5 per cent copper and 78 grams per tonne silver from 127 metres, nine metres at 1.8 per cent copper and 82 g/t silver from 224 metres, and 13 metres at 1.4 per cent copper from 118 metres.
The copper and silver mineralisation at the prospect was intersected at the prospective NPF-D’Kar Formations contact, according to Noronex.
“Early analysis of the Humpback applications highlight significant copper developed along the prospective contact, giving great confidence in discovery of further prospect in Noronex tenements,” Chief Geologist Bruce Hooper said.
“Detailed interpretation of this drilling and historical ground geophysics is ongoing to target follow-up when the tenements are granted.”
Noronex said its exploration package in Namibia spans more than 6,000 square kilometres of the “highly prospective” but relatively underexplored Kalahari copper belt.
NRX shares were trading 10.5 per cent higher at 9.5 cents at 2:50 pm AEDT.