Noronex has launched its maiden reverse circulation drilling program at the Etango North uranium project in Namibia, marking the company's first targeted uranium drilling in the country. The program, conducted by Namibian contractor Ferrodrill, follows detailed fieldwork over the past year and aims to test high-priority targets identified through spectrometry surveys and geological interpretation.
Key targets include uranium-thorium anomalies from a 2025 survey and interpreted extensions of alaskite-hosted mineralisation, a type associated with major Namibian uranium operations. The company also highlighted favourable structural settings such as domal closures and flat-lying alaskite sheets, considered prime traps for uranium. Some targets lie under shallow cover, suggesting previous explorers may have missed significant mineralisation.
Etango North is located 32 kilometres east-northeast of Swakopmund, along the same geological corridor as Bannerman's Etango project (207 million pounds) and the producing Rössing and Husab mines. Rössing, one of the world's largest open-pit uranium mines, produced over 140,000 tonnes of yellowcake from 1976 to 2022. Husab, the second-largest uranium mine globally, hosts over 300,000 tonnes of uranium oxide and accounted for 6% of global production in 2019.
The project is structured as a joint venture with a local vendor, allowing Noronex to earn up to an 80% interest. With drilling underway and samples heading to the lab, the company is poised to test its geological model in a district known for major uranium discoveries.
