
Right location, right time for Noronex (ASX: NRX)?
August 29, 2022Noronex’s promising copper results could be held in even higher esteem if Kahlarri’s copper belt peer Cobre Limited (ASX: CBE) deliver good news with their expected announcement on Wednesday to the Australian Stock coming out of a trading halt.
Diving a little deeper into NRX’s document today, you may note it has concurrent preliminary Exploration Licences near Cobre’s Ngami project — with one ELS adjacent to the 4-kilometre-long copper target.
Results
- 4m @ 1.7 % Cu from 43m, 4m @ 1.4 % Cu from 68m and 3m @ 1.6 % Cu from 135m in 22DHRC25
- 3m @ 2.1 % Cu from 54m and 3m @ 0.8 % Cu from 43m in 22DHRC24
- 5m @ 0.8% Cu from 28m, 11m @ 0.4% Cu from 85m, 2m @ 1.3 % Cu from 123m
- 2m @ 1.4 % Cu from 138m in 22DHRC16
“We’re delighted with the results from the latest drill hole at NCP, which have significantly extended
the known footprint of mineralisation over more than 4km.
“Importantly, all the results so far indicate that the target remains open-ended to the northeast and is larger than previously anticipated.
“The footprint of mineralisation now extends over 4km, which is in line with the largest known deposits in
the Kalahari Copper Belt.
As we continue to expand our knowledge of the mineralisation at NCP, we
look forward to updating the market again as assay results become available next month, along with
ongoing progress from our current infill drilling programme. “
The Company share price is 5.7c.
About Noronex Limited
Noronex is an ASX-listed copper company with advanced projects in the Kalahari Copper Belt, Namibia
and Ontario, Canada, which has seen over 180,000m of historical drilling.
The company plans to use modern technology and exploration techniques to generate new targets at
the projects and grow the current resource base.
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