Connected Minerals Hits Uranium Milestones in Namibia

• Connected Minerals completes maiden drilling program at Etango North-East project.
• Fifteen reverse circulation holes reveal economic uranium grades.
• Drilling at Swakopmund includes tests of 600m-wide anomaly.

Significant Drilling Milestones in Etango North-East Project

Connected Minerals has made impressive strides in its uranium exploration efforts in Namibia, particularly at the Etango North-East project. The company has successfully conducted its first drilling program, uncovering stacked alaskites, which are significant geological formations. The completion of 15 reverse circulation (RC) holes, totaling 2,688 meters, was primarily focused on high-priority zones that had previously shown promise through rock-chip sampling.

Promising Results Boost Geological Potential

The results from this initial drilling endeavor have been promising, with 14 out of 15 holes yielding economic grades of uranium. This reflects the strong geological potential of the Etango North-East area, drawing comparisons to the neighboring Etango uranium project operated by Bannerman Energy. Notable findings from the drilling include a 5-meter intercept with 358 parts per million (ppm) of uranium oxide, as well as substantial grades from other depths, confirming ongoing mineralization that remains open for further exploration.

Strategic Steps Planned for Future Drilling Campaigns

In addition to the Etango North-East project, Connected Minerals has also initiated its maiden RC drilling campaign at the Swakopmund uranium project. This effort involved drilling 22 holes for a total of 105 meters, targeting areas highlighted by a prior geophysics survey that indicated several potential paleochannels. Warrick Clent, managing director and CEO of Connected Minerals, remarked on the strategy moving forward: they will analyze the results from Swakopmund and prepare for upcoming phases of drilling, including a follow-up Phase 2 at Etango North-East, as planning progresses.

In conclusion, Connected Minerals is making remarkable advances in its uranium exploration in Namibia, as shown by the successful results from both the Etango North-East and Swakopmund projects. The favorable grades found in the drilling reinforce the area’s geological potential and promise more rigorous exploration efforts ahead. As the company prepares for future drilling programs, investors and stakeholders alike will be keenly watching for the outcomes of these ventures in the promising Namibian uranium landscape.