Snow Lake Resources will start a 7,500-meter Phase 2 drilling program at its Engo Valley Uranium project in Namibia in mid-March 2025. This program aims to produce a maiden mineral resource estimate by the second half of 2025, following successful Phase 1 results confirming uranium mineralization. CEO Frank Wheatley noted that the project aims to meet the growing global demand for uranium driven by energy needs from data centers and AI.
Snow Lake Resources, a uranium exploration company, is set to initiate its Phase 2 drilling program at the Engo Valley Uranium project in Namibia. The program, scheduled to commence in mid-March 2025, will comprise 7,500 meters of drilling utilizing both reverse circulation and diamond drilling techniques. This drilling will target the Main Uranium Occurrence and the D1 prospects to advance the understanding of the uranium resources in the area.
The outcomes of this drilling effort are aimed at facilitating the development of a maiden mineral resource estimate, which is anticipated to be completed in the second half of 2025. Following the successful Phase 1 campaign in 2024, which confirmed uranium mineralization at both prospects, these new findings will be crucial in supporting further developments.
Frank Wheatley, the CEO of Snow Lake, emphasized the company’s goal of demonstrating the Engo Valley’s potential to contribute to the increasing global demand for uranium. This demand is largely driven by the growing energy requirements associated with data centers and advancements in AI technologies.
In summary, Snow Lake Resources is advancing its efforts in uranium exploration with the upcoming Phase 2 drilling program at the Engo Valley project in Namibia. This initiative, beginning in March 2025, is crucial in establishing a mineral resource estimate that reflects the project’s potential contribution to the global energy market amid rising demands for uranium. The insights gained from this drilling will build on the previous successful exploration activities, underlining the project’s importance in the energy sector.
Original Source: energycapitalpower.com
