Snow Lake Resources will begin its Phase 2 drilling program at the Engo Valley Uranium project in Namibia in March 2025, focusing on 7,500 meters of drilling to confirm uranium resources. The results will contribute to a preliminary mineral resource estimate by late 2025, as the company aims to meet rising uranium demand fueled by technological advancements.
Snow Lake Resources, a uranium exploration and development company, will commence its Phase 2 drill program at the Engo Valley Uranium project in Namibia in mid-March 2025. This initiative will feature 7,500 meters of reverse circulation and diamond drilling targeting the Main Uranium Occurrence and D1 prospects. The outcomes of this drilling phase are pivotal for developing an initial mineral resource estimate anticipated in the latter part of 2025. Phase 1 drilling in 2024 successfully confirmed uranium mineralization at both prospects.
Frank Wheatley, Chief Executive Officer of Snow Lake Resources, expressed the company’s intention to demonstrate the potential of Engo Valley in addressing the growing global demand for uranium. This demand is primarily fueled by escalating energy requirements, particularly from data centers and advancing AI technologies.
The African Mining Week Conference & Exhibition will take place alongside the African Energy Week: Invest in African Energies 2025 conference, scheduled for October 1-3 in Cape Town. This event will serve as an exceptional opportunity for stakeholders to explore the breadth of mining prospects across Africa and is open to sponsors, exhibitors, and delegates. For further inquiries, interested parties can contact [email protected].
In summary, Snow Lake Resources is set to initiate its Phase 2 drilling program in March 2025, aiming at the Engo Valley project in Namibia. This venture seeks to substantiate an initial mineral resource estimate amid a rising global uranium demand driven by energy needs. Concurrently, the African Mining Week event will provide a platform for discussing mining opportunities across the continent.
Original Source: energycapitalpower.com
