Forsys Metals Corp. has reported further positive drilling results from its ongoing extension and exploration programme at the Valencia deposit, part of the company’s Norasa Uranium Project in Namibia.
The latest results confirm new uranium mineralisation, encouraging infill grades, and the potential to increase ore tonnage while reducing the stripping ratio in the modelled pit.
“Results from the Valencia Main deposit show new uranium mineralisation and infill grades that could add ore tonnage and reduce the stripping ratio, strengthening the viability of the pit model,” Forsys stated.
Forsys Country Director, Pine van Wyk, said that since the last update on 26 February 2025, the company has completed 115 boreholes covering 11,739 metres.
Of this, 10,832 metres of downhole gamma survey results have been processed and reported, providing detailed insights into both infill drilling and resource extension within the Valencia Main pit shell volume.
“We continue to be very encouraged by results at both the Valencia Main deposit and its surrounding satellite targets, as the drilling programme steadily positions us to deliver an updated mineral resource estimate,” said van Wyk.
The Valencia West target has also yielded promising findings, with drilling in the eastern portion of the site intersecting uranium mineralisation within the current pit shell, showing approximately 250 horizontal metres of south-easterly dipping mineralisation.
Beyond Valencia, Forsys is advancing work at its Namibplaas uranium property, which also forms part of the Norasa Project.
“Also, at our Namibplaas uranium property, preparation work for drill platforms has commenced and drilling will start during the first part of September,” van Wyk added.
He said both efforts are significantly enhancing resource confidence, while expanding geological understanding of the deposit and supporting the long-term growth potential of the project.
Forsys is an emerging uranium developer focused on advancing its wholly owned Norasa Uranium Project, which consists of the Valencia Uranium deposit (ML-149) and the Namibplaas Uranium deposit (EPL-3638), situated in Namibia, a jurisdiction recognised as politically stable and uranium-friendly.
