| Announcement Date: | 2022-03-08 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Noronex Ltd. |
| Project name: | Witvlei |
| Location: | Namibia |
| Commodities: | Copper |
| Highlight: | Drilling results incl. 13m @ 0.85% Cu from 2m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Perth, Western Australia – 8 March 2022 – The Board of Noronex Limited (Noronex or the Company) (ASX: NRX) is pleased to provide an update on the exploration of its suite of copper projects in NamibiaThe focus of the current exploration efforts is on five targets on the Witvlei project, comprising two Exclusive Prospecting Licences (EPLs 7028 and 7029) covering 390 km2 that are prospective for sedimentary Cu-Ag mineralisation. The initial program has now been completed and further work is being evaluated and will be finalised when full results have been received for the drilling. The program has included 71 RC holes for a total 13,947m. The holes intersected the Eskadron Formation containing brown siltstone and interbedded sandstones with debris flow. Malachite staining was intercepted down to approximately 20m vertically with fine pyrite, chalcopyrite and chalcocite developed in the siltstone horizons at depth below. Samples have been collected in 3m composites and at 1m intervals where mineralisation was visually noted. Samples were prepared in the ALS sample preparation facility in Namibia and assayed at their laboratory in South Africa (see Table 1). |
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