Snow Lake Resources will commence its Phase 2 drilling program at the Engo Valley Uranium Project in Namibia in March 2025. The program will involve 7,500 meters of drilling aimed at confirming uranium resources, with expected results supporting a maiden resource estimate by the end of 2025. CEO Frank Wheatley emphasized the project’s significance in meeting growing uranium demand due to rising energy needs.
Snow Lake Resources, an emerging player in uranium exploration, is set to initiate its Phase 2 drilling program at the Engo Valley Uranium Project in Namibia in mid-March 2025. This ambitious program will encompass 7,500 meters of diamond and reverse circulation drilling at the Main Uranium Occurrence and the D1 prospects. The forthcoming drilling outcomes are anticipated to underpin the establishment of a maiden mineral resource estimate, expected to be available in the latter half of 2025. The successful Phase 1 exploration campaign conducted in 2024 has already validated uranium mineralization at both locations.
Frank Wheatley, the Chief Executive Officer of Snow Lake Resources, highlighted the firm’s objective of demonstrating the potential of Engo Valley to meet the soaring global uranium demand, which is primarily fueled by the increasing energy requirements from data centers and the growth of AI technologies.
In conclusion, Snow Lake Resources is poised to make significant advancements in uranium exploration at the Engo Valley project with its upcoming Phase 2 drilling program. The initiative aims to solidify the company’s ability to contribute to global uranium supply, paralleling rising energy demands. The results from this drilling will be crucial for establishing a maiden resource estimate, furthering the project’s commercial viability.
Original Source: energycapitalpower.com
