Connected Minerals Reports Promising Drilling Results at Etango…

Connected Minerals has completed a successful drilling program at its Etango North-East Uranium Project in Namibia, unveiling potentially economic uranium grades. Fourteen out of fifteen holes returned favorable results, prompting plans for further exploration and drilling. This positions Connected Minerals favorably in relation to Bannerman Energy’s established project nearby.

Connected Minerals (ASX:CML) has exciting plans in store for its Etango North-East Uranium Project in Namibia, following the promising results from its recent drilling endeavors. The company, boasting a market capitalization of $11.4 million, has concluded a 15-hole reverse circulation drilling program spanning 2,688 meters, where 14 holes yielded results that may be economically viable for uranium production.

Notably, the drilling uncovered significant intersections, including a standout 5 meters recorded at 358 parts per million (ppm) uranium equivalent starting from a depth of 88 meters. This included impressive grades of 2 meters at 643 ppm and 1 meter at 814 ppm beginning at 89 meters. These results build upon earlier drilling reports from 2006 by Bannerman Energy (ASX:BMN) related to its Etango Uranium Project, suggesting a favorable geological setting.

Bannerman previously noted their top drilling results, which included impressive lengths of ore such as 65.7 meters at 295 ppm, 34 meters at 479 ppm, and 36 meters at 311 ppm. It remains noteworthy that Bannerman’s Etango Project has progressed to construction, now holding all necessary environmental approvals and a mining license for its 8-million-tonne-per-annum operations.

Warrick Clent, Managing Director of Connected Minerals, expressed enthusiasm about the proximity to Bannerman’s established resource, which stands at 429 million tonnes at an equivalent grade of 225 ppm uranium oxide. Clent states, “Bannerman’s Etango has gone on to host a massive resource… which is certainly a great target for us at Connected to aspire to.”

Connected is already mobilizing for more explorations with a phase-two drilling and exploration campaign at Etango North-East. Interestingly, the original plan was to drill 2,600 meters spread across 13 holes, but based on some promising geological indicators near previous trenching sites, they opted to add two additional holes.

As exploration progresses, mineralization remains encouragingly open at both depth and along the strike. Moving forward, fieldwork is set to commence on identified major anomalies in the Pandula and Onkumbwa prospects, located south of the initial phase of drilling. Moreover, the company is planning further extensional and infill drilling at the Ondapanda Prospect and is considering new targets to the south of the existing exploration areas.

Connected Minerals is concentrating its efforts on exploring and potentially developing its uranium projects situated in Namibia and Western Australia. Stay tuned for more updates on their developments as they move forward with their projects.

In summary, Connected Minerals is making significant strides with its Etango North-East Uranium Project in Namibia, achieving promising uranium grades from its recent drilling. The close proximity to Bannerman Energy’s successful Etango Project adds to the potential viability of its findings. With the company already planning further drilling, the future appears promising for Connected Minerals as they continue to explore and develop their portfolio.

Original Source: mining.com.au