Connected Minerals Unveils Positive Uranium Grades at Etango North-East Project

Connected Minerals announces promising uranium grades from drilling at its Etango North-East Uranium Project in Namibia, with plans for further exploration. The company reports encouraging results in 14 out of 15 drilled holes, signaling economic potential. Managing Director Warrick Clent draws parallels to Bannerman Energy’s project and outlines plans for a phase-two drilling program.

Connected Minerals (ASX:CML) is gearing up for the next phase of exploration at its Etango North-East Uranium Project in Namibia. This comes on the heels of a successful maiden drilling campaign that revealed economically promising uranium grades. With a market cap of $11.4 million, the company completed a notable 15-hole, 2,688-meter reverse circulation drilling program and saw positive results in 14 of those holes.

The drilling unearthed some impressive figures, including 5 meters showing 358 parts per million (ppm) uranium equivalent at a depth of 88 meters. More specifically, results included findings of 2 meters at 643 ppm and a subsequent meter at 814 ppm, both from 89 meters. Such results have Managing Director Warrick Clent optimistic about their prospects, likening them to the early findings from Bannerman Energy’s (ASX:BMN) Etango Uranium Project back in 2006.

Bannerman’s initial drilling at its Etango Project yielded strong results, featuring highlights like 65.7 meters at 295 ppm, 34 meters at 479 ppm, and 36 meters at 311 ppm. Now, Bannerman’s project is fully permitted, having secured all necessary environmental approvals and a mining license, and it is currently under construction. Connected’s Etango North-East shares a geological similarity with Bannerman’s project, being located along the same strike and within identical rock formations.

The geological context is significant as the underlying rocks consist of stacked and mineralized Alaskites. Clent expressed the company’s aspirations by stating, “Bannerman’s Etango has gone on to host a massive resource of 429 million tonnes at 225 ppm uranium oxide, which is certainly a great target for us at Connected to aspire to.”

Looking ahead, the firm is already organizing its phase-two drilling and exploratory efforts at the Etango North-East. Clent promised more details would be disclosed in upcoming market updates. Interestingly, the initial drilling program was limited to 2,600 meters across just 13 holes; however, favorable geological signs in the trenching vicinity led to the addition of two extra holes.

The findings point toward mineralization that remains open both at depth and along strike, indicating further opportunities for exploration. Initial planning for fieldwork is also underway, focusing on previously discovered major anomalies identified during mapping and sampling at the Pandula and Onkumbwa prospects, located south of the initial drilling.

Moreover, Connected plans to execute further extensional and infill drilling at the Ondapanda Prospect along with evaluating new potential targets further south. The company’s strategic focus remains on the exploration and developmental potential of its portfolio in Namibia and Western Australia, indicating a robust future ahead for Connected Minerals.

For further inquiries, please contact Angela East at Mining.com.au.

Connected Minerals has successfully identified economically significant uranium grades in its recent drilling at the Etango North-East Uranium Project in Namibia. Following up on early drilling success, the company is mapping out further exploration and drilling plans in hopes of expanding its mineral resource base. With ambitions to compete with established projects like Bannerman Energy’s Etango, Connected is poised for potential growth as it advances its exploration initiatives.

Original Source: mining.com.au