Noronex (NRX) has launched its first diamond drilling program at the Helm prospect, within its Snowball joint venture in Namibia.
The company entered a joint venture agreement with Heyn Ohana Investment in September to earn in to 80 per cent of the Snowball project, which is positioned 30 kilometres northeast of its flagship Witvlei project.
With the new acquisition, Noronex’s tenure on the Kalahari copper belt expanded to over 2700 square kilometres, giving the company control over 100 kilometres of strike length on the belt.
The new diamond program marks Noronex’s first in the Kalahari Belt. The company will drill the shallow Kalahari sand cover to provide detailed geological information in a previously undrilled section of the zone.
A rig will test the Helm prospect via a 2000-metre program, which is expected to run until February 2023.
The first hole of the program will test the NPF-D’Kar contact on the southern limb of the ‘domal’ target. The company recently collected ground magnetic profiles to pinpoint the contact under the Kalahari cover.
Noronex shares were trading at 3 cents at 11:00 am AEDT.
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