Noronex dives deeper to chase extensions of | Australian Markets

Noronex Limited has launched a 2000-metre diamond extensional drilling marketing campaign at its Fiesta copper goal within the southwest extremity of the company’s Humpback project within the Kalahari Copper Belt in Namibia.

The program goals to additional discover important copper-silver mineralisation intercepted in a earlier 19-hole reverse circulation drilling program, which was funded underneath Noronex’s earn-in settlement with ASX-listed mining and metals firm South32.

The Fiesta ground embraces the western closure of a dome-like construction on the important thing potential NPF-D’Kar contact that’s recognized to host copper mineralisation all through many Namibian and Botswanan copper tasks.

Previous anomalous intercepts at Fiesta exhibit many traits of different copper deposits so far as 400 kilometres to the east, together with MMG’s giant 370-million-tonne Khoemacau copper project in Botswana.

One of Noronex earlier RC holes reached 300m depth and impressively nailed a thick 5m run assaying 1.4 per cent copper and 58 grams per tonne (g/t) silver for a mixed grade of 1.9 per cent copper equal from 249m.

It additionally probed a additional 33m going 0.8 per cent copper and 31g/t silver from 265m to 298m, together with 4m at 2 per cent copper and 83g/t silver from 265m in addition to 4m operating 2.3 per cent copper and 87g/t silver from 277m.

The gap is a main 500m step-out from earlier intercepts. Mineralisation was logged to 298m and is inferred to prolong deeper.

The gap was drilled on the identical part however 40m south and in entrance of a earlier 270m gap which intersected 12m assaying 0.65 per cent copper equal, though it was terminated early due to restricted drill rod capability.

Emboldened by its latest outcomes, Noronex is now re-entering the 270m gap with a diamond tail to check for depth continuity of thick mineralisation within the 300m gap.

Recovering diamond core of the mineralisation is a key step to understanding the potential of the Fiesta system and can present key data on its measurement potential. The present part of drilling will check the total width and depth extent of the mineralisation and inform planning for extra drilling to prolong the strike of the system, which stays open to the west.

Noronex has signed a contract with skilled Namibian drilling contractor Kodo Drilling for 2000m of diamond drilling at Fiesta and the encircling prospects.

The company plans to drill beneath recognized mineralisation and hopes to sniff out strike extensions of mineralisation whereas additionally buying detailed data from the core on the structural controls, type and orientation of the varied mineralised phases.

The present drill testing was delayed by current rains, nonetheless, given Noronex first two holes are re-entries of earlier reverse circulation drill holes to check under recognized mineralisation, the present program will take significantly much less time to full.

Noronex additionally accomplished a seven-hole reverse circulation drilling marketing campaign in March at its contiguous Damara copper project on the Botswana border.

Assay outcomes from this system have been delayed due to sampling delays between the drill applications whereas the company trialled varied analytical techniques.

The outcomes are actually anticipated in May. In the meantime, Noronex might be keenly awaiting the outcomes from the 2 diamond core extensions and affirmation of some thick copper mineralisation.

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