Snow Lake Energy has commenced its Phase 2 drill program at the Engo Valley Uranium Project in Namibia, targeting up to 7,500 meters of combined reverse circulation and diamond drilling to support a maiden mineral resource estimate under SK-1300 standards.
The drilling will focus on the Main Uranium Occurrence (MUO) and the D1 target, where uranium mineralization was confirmed during Phase 1 drilling completed in late 2024.
Additionally, other high-potential zones identified through a 2024 radon cup survey in the project’s northern and southern regions will also be explored.
“We are pleased to have initiated an expansive Phase 2 drill program at Engo Valley. We have high expectations for this program to provide us with the data set necessary to calculate a maiden mineral resource estimate during the second half of 2025,” said Frank Wheatley, CEO of Snow Lake.
He said mobilization is set to begin in mid-March 2025, with drilling proceeding in a 200-meter by 100-meter grid pattern to ensure comprehensive data collection for the resource estimate, which is expected to be completed in the second half of 2025, pending timely results from downhole radiometrics and assays.
“Given the global focus on nuclear energy, and in particular the new United States administration’s policies regarding advanced nuclear technology, global demand for uranium will continue to increase in the coming decade, and we anticipate to be able to demonstrate that Engo Valley has the potential to contribute to meeting that demand,” Wheatley added.
Snow Lake Energy, listed on NASDAQ (LITM), is focused on mineral exploration, with a portfolio that includes uranium and lithium assets.
The Engo Valley Uranium Project is located in Namibia’s Skeleton Coast, while its Black Lake Uranium Project is situated in Canada’s Athabasca Basin.
