The Market Herald - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Noronex (NRX) launches a diamond drilling program at its Helm prospect within the Snowball joint venture in Namibia
  • The new diamond program marks Noronex’s first within 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
  • Noronex shares are trading at 3 cents at 11:00 am AEDT

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.

NRX by the numbers
More From The Market Herald

Future Battery Minerals launches maiden JORC drill run in Nevada, USA

Future Battery Minerals (ASX:FBM) has kicked off an RC drill run at its Nevada lithium project…

DigitalX Bitcoin Fund jumps 5.3pc in November

DigitalX (ASX:DCC) has released its monthly update to shareholders, revealing the DigitalX Bitcoin Fund increased 5.3…

Genex Power enters long-term offtake agreement with Stanwell Corp

Genex Power (ASX:GNX), through its subsidiary K3W Project Co, has entered into a 15-year PPA with…

92 Energy sizing up three-way uranium merger with Canada’s ATHA Energy

Uranium miner 92 Energy (ASX:92E) has confirmed it's sizing up a three-way merger between itself and…