Snow Lake Resources has commenced its Phase 2 drill program at the Engo Valley Uranium Project in Namibia, with plans to complete a maiden resource estimate (MRE) by the second half of 2025.
The drilling program, targeting up to 7,500 meters of combined reverse circulation and diamond drilling, will focus on the Main Uranium Occurrence (MUO) and the D1 target.
These areas were confirmed to host uranium mineralization during Phase 1 drilling in late 2024.
Additional 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 reached the milestone of mobilization for our Phase 2 drill program at Engo Valley. Our objective is to develop a robust drill database that will support the calculation of a maiden resource estimate in the second half of 2025,” Frank Wheatley, CEO of Snow Lake Resources said.
Drilling mobilization began in mid-March 2025, following a 200-meter by 100-meter grid pattern to ensure thorough data collection.
“With the rising global demand for uranium, driven by the expansion of nuclear reactor projects and the renewed focus on nuclear energy by the U.S. government, we believe our work at Engo Valley positions us well to contribute to future uranium supply,” Wheatley added.
Beyond Namibia, Snow Lake Resources is progressing its joint venture with Global Uranium and Enrichment Limited at the Pine Ridge Uranium Project in Wyoming.
The company aims to develop a diversified uranium asset portfolio to drive long-term shareholder value.
“Namibia is currently the world’s third-largest uranium producer, and we see significant potential in Engo Valley to develop an economic uranium resource that aligns with global market needs,” Wheatley said.
Snow Lake Resources, listed on NASDAQ under the ticker LITM, specializes in mineral exploration, focusing on uranium and lithium assets. The Engo Valley Uranium Project is situated in Namibia’s Skeleton Coast, while the company’s Black Lake Uranium Project is located in Canada’s Athabasca Basin.
