Connected Minerals Targets New Exploration at Etango North-East Uranium Project

Connected Minerals (ASX: CML) reports promising uranium grades from its recent drilling at the Etango North-East Uranium Project in Namibia. The maiden program’s 15 holes produced significant results in 14 of them, leading to plans for further exploration phases. The project shares geological similarities with Bannerman Energy’s established Etango Project.

Connected Minerals (ASX: CML), a company with a market capitalisation of $11.4 million, is gearing up for its next exploration campaign at the Etango North-East Uranium Project in Namibia. This follows the completion of a maiden drilling program that yielded potentially significant uranium grades. The reverse circulation drilling program consisted of 15 holes, totaling 2,688 meters, with promising results reported in 14 of the 15 holes.

Among the highlights, drilling revealed 5 meters of uranium equivalent at 358 parts per million (ppm) from a depth of 88 meters, showcasing impressive grades of 643 ppm over 2 meters and 814 ppm over a 1-meter interval from 89 meters. The Managing Director, Warrick Clent, remarked that these results echo the early drilling outcomes from Bannerman Energy’s (ASX: BMN) Etango Uranium Project, which reported significant hits in its first exploratory phase.

Interestingly, Bannerman noted top grades of 65.7 meters at 295 ppm, 34 meters at 479 ppm, and 36 meters at 311 ppm in its initial drilling campaign. Currently, Bannerman’s Etango Project has received all necessary environmental approvals and mining licenses and is actively under construction with an impressive capacity of 8 million tonnes per annum.

Notably, Connected’s Etango North-East Project is strategically located adjacent to Bannerman’s operations, sitting within the same rock formations known for their mineralisation. The region features multiple, stacked Alaskite formations that are rich in uranium.

Clent indicated aspirations to build on Bannerman’s massive resource of 429 million tonnes at 225 ppm uranium oxide, stating, “Bannerman’s Etango has gone on to host a massive resource… which is certainly a great target for us at Connected to aspire to.” He also noted that planning for the next phase of drilling is already underway, with more details set to be released shortly.

Initially, the program aimed to drill around 2,600 meters across 13 holes, but the discovery of “strong geological indicators” in several locations near the trenching site prompted the company to add two additional holes. The mineralisation at Etango North-East is noted to remain open both at depth and along the strike.

Moving forward, fieldwork is slated to commence on significant anomalies that were previously identified through ground mapping and sampling at the Pandula and Onkumbwa prospects situated to the south of the initial drilling area. Furthermore, additional drilling at the Ondapanda Prospect is being considered, along with exploring new potential targets to the south.

Connected Minerals maintains a focus on the exploration and development of its projects, which are based in both Namibia and Western Australia. Inquiries can be directed to Angela East at Mining.com.au.

Images provided by Connected Minerals.

Connected Minerals is making significant strides in its exploration efforts at the Etango North-East Uranium Project in Namibia, following encouraging drilling results. The firm is now planning subsequent phases of exploration, building on promising data that aligns with past successes seen in nearby projects. With ongoing fieldwork planned on additional prospects, the future looks optimistic for Connected Minerals and its uranium focus.

Original Source: mining.com.au