Elevate Uranium Limited (ASX:EL8) has discovered a new uranium mineralised zone extending over a further 6.6 kilometres to the south of Koppies 2, now called Koppies 4 in Namibia.
This follows the previous discovery of a 10 km uranium mineralised zone to the northeast of the Koppies 2. This area was named Koppies 3 in late September 2022, which was only months after announcing the initial JORC (2012) Inferred Mineral Resource Estimate of 20.3 million pounds eU3O8 at Koppies 1 and 2
“The Koppies project is growing bigger and better with each drilling programme,” Managing Director, Murray Hill, said.
“In May 2022, the company announced a 20.3 million pound maiden uranium resource at Koppies 1 and 2. Since that time, we have discovered Koppies 3 which extended the mineralisation to the north east by 10 kilometres and now Koppies 4 which extends the mineralisation 6.6 kilometres to the south west.
“We have been saying since we announced the 20.3 million pound maiden resource at Koppies, that we believed there was significant potential for growth at Koppies, and here is proof. The mineralisation in the greater Koppies area now has a length of 19.2 km.
“Two drill rigs continue to operate in the greater Koppies area to further locate and define the uranium mineralisation. The Koppies 3 and 4 discoveries have the potential to substantially expand the Koppies uranium resource.
“Koppies mineralisation is extensive, shallow lying and in a Tier 1 uranium mining jurisdiction, where uranium mining has been undertaken for the past 46 years.”
For further information please visit: https://www.elevateuranium.com.au/
