Namibia: Snow Lake Energy Launches Next Phase of Drilling at Engo Valley Uranium Project

(3 Minutes Read)

Snow Lake Energy has launched its Phase II drilling program at the Engo Valley Uranium Project in Namibia, aiming to conduct up to 7,500 meters of combined reverse circulation and diamond drilling to facilitate a maiden mineral resource estimate under SK-1300 standards.

The drilling will concentrate on the Main Uranium Occurrence (MUO) and the D1 target, where uranium mineralisation was confirmed during Phase 1 drilling completed in late 2024. Additionally, other promising areas identified in a 2024 radon cup survey in the northern and southern parts of the project will also be explored.

Frank Wheatley, CEO of Snow Lake, expressed enthusiasm for the Phase 2 program, stating that it is expected to yield the necessary data for a maiden mineral resource estimate by the second half of 2025. Mobilization is scheduled to start in mid-March 2025, with drilling to follow a 200-meter by 100-meter grid pattern to ensure thorough data collection. The resource estimate is anticipated to be completed in the latter half of 2025, depending on the timely analysis of downhole radiometrics and assays.

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Wheatley noted that with the global emphasis on nuclear energy and the new U.S. administration’s policies on advanced nuclear technology, demand for uranium is likely to rise over the next decade. He believes Engo Valley has the potential to help meet that demand. Snow Lake Energy, which is listed on NASDAQ (LITM), focuses on mineral exploration and has a portfolio that includes uranium and lithium assets. The Engo Valley Uranium Project is located on Namibia’s Skeleton Coast, while its Black Lake Uranium Project is in Canada’s Athabasca Basin.