Noronex (ASX:NRX) advance on fertile Helm
Noronex has mobilised on highly anticipated exploration of its suite of copper projects on the Kalahari Copper Belt in Namibia.
Targeted diamond drilling on potentially enhancing antiformal mineralisation geology over an initial 2000 metres of highly prospective ground is expected in the coming days at Helm prospect, part of the Company aptly named Snowball Project.
The Company said high-priority targets at the Helm prospect’s new particle formation (NPF) contact in the antiformal “domal” structure is a typical host position for several copper projects along the Kalahari Copper Belt.
Aeromagnetic plan of the Kalahari Copper Belt between Namibia and Botswana showing Noronex EPLs, new applications and location of recent drilling at Ngami by Cobre Ltd.
“It is great to have the rig active again in our Snowball Joint Venture with many diamond holes planned to test the most prospective covered target zones at the Helm domal target,” Chief Geologist Bruce Hooper said.
“Approvals continue to progress for testing the remainder of the large tenement package targeting large Sedimentary Copper targets in the Kalahari Copperbelt.
“Noronex’s exploration package in Namibia now covers over 5,600 square kilometres of the highly prospective but relatively underexplored Kalahari Copper Belt, which runs from central Namibia to northern Botswana.
“The tenements contain ~300 kilometres of strike length targeting the key NPF-D’Kar formation contact point where most copper deposits occur on the Kalahari Copper Belt.”
Price Action
The Company’s ASX-listed shares have risen 3.70 per cent to 2.8c in early morning trade.
Next Steps
Environmental Clearance Certificate and Traditional Authority approvals now granted to the east at the Humpback licence application, with drill program planning now underway.
Follow-up diamond hole planned at Witvlei Project in the New Year to test Daheim intercepts at depth below shallow high-grade copper mineralisation discovered during 2022 drilling.
About Noronex
Noronex is an ASX-listed copper company with advanced projects in the Kalahari Copper Belt, Namibia and Ontario, Canada, that have seen over 170,000m of historical drilling. The 80,000Ha Dorwit Project in Namibia has a current JORC (2012) resource of 10mt @1.3% Cu.
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