Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project
Snow Lake Resources has established a field camp at the Engo Valley Uranium Project, marking the start of its 2024 exploration program.
The company recently entered into a binding letter of intent with Namibia Minerals and Investment Holding, a private British Columbia company, to acquire up to 85% of the project. Namibia Minerals and Investment Holding holds 100% of the rights, title, and interests in EPL-5887.
Although the acquisition is still subject to customary closing conditions, Snow Lake has planned a multi-phase exploration program for 2024.
Field crews began mobilizing to the site in May to commence Phase 1 of the program. This phase includes a radon cup survey, initial drilling, and downhole gamma logging, which will inform the second round of drilling.
Snow Lake Resources CEO Frank Wheatley expressed excitement about the project, noting that this is the first exploration program on the Engo Valley Uranium Project since the 1970s.
“The topographical survey, ground geophysics, and the radon cup survey are well underway, and our crews continue to locate drill collars from the historic 1970s drill campaign in anticipation of the first drill program on the project in the past 40 years,” Wheatley said.
Located on the Skeleton Coast in the Opuwo District of the Kunene Region, approximately 600 kilometers north of Swakopmund, Namibia, the Engo Valley Uranium Project covers an area of 69,530 hectares.
The license is valid until February 12, 2026, and covers base and rare metals, industrial minerals, non-nuclear fuel minerals, nuclear fuel minerals, precious metals, and precious stones.
The site is accessible via 190 km of desert track roads from Mowe Bay through the Sarusas mine and via unconfirmed track roads to the east leading to Orupembe.
Uranium mineralization was discovered at the project in 1973, with Gencor conducting intermittent exploration between 1974 and 1980.
Based on this work, Gencor calculated a historical, non-current mining code-compliant resource estimate. Today, the Engo Valley Uranium Project is considered a top-tier exploration project.
