Big copper discoveries could be on the horizon at Noronexs’ Namibian project

In the Humpback EPL application, results from historical drilling have unearthed significant copper and silver intersections at the prospective NPF-D’Kar contact within the famed Namibian Kalahari copper belt.

A steeply dipping mineralised sheet recording more than three and a half kilometres in strike length, with pods of thick high-grade copper have been defined in a recent review of Noronexs’ Fiesta prospect.

Anomalous copper and silver

The company says around 123 holes were completed between 2009 and 2015 while a further 15 historical holes were drilled in other portions of the new application areas.

Regional drilling surrounding the prospect also returned anomalous copper and silver on the prospective horizon over a 15km strike length.

Noronex (ASX:NRX) says the copper intersected demonstrates potential along strike, especially at key structural targets in the Snowball JV and Humpback applications which will be the focus for the 2022 drilling.

Results from historical drilling include:

8m at 2.5% copper and 78 g/t silver from 127m;
13m at 1.4% copper and 1 g/t silver from 118m;
31m at 0.9% copper and 33 g/t silver from 154m; and
9 metres at 1.8% copper, 82 g/t silver from 224m.

Great confidence in further discovery

NRX chief geologist Bruce Hooper told Stockhead his early analysis of the Humpback applications was very promising.

“(They) highlight significant copper developed along the prospective contact, giving great confidence in discovery of further prospect in Noronex tenements.

“Detailed interpretation of this drilling and historical ground geophysics is ongoing to target follow up when the tenements are granted.”

Exploration package of more than 6,000kms

Six new applications have been lodged and accepted by the Ministry of Mines over large prospective parts of the Kalahari Copper Belt under shallow cover – meaning Noronex’s exploration package now covers more than 6,000kms.

The new ground covers three regions:

Snowball Tail between the Witvlei project and Snowball JV;
Humpback South, East and West that cover the prospective NPF-D’Kar contact to the east of Snowball; and
The Damara Duplex West and East to the north covering potential extensions of the Damara age Matchless Copper Belt of Namibia.

These tenements hold ~300 kilometres of the targeted contact between Witvlei and the Botswana border while the Humpback applications cover the prospective NPF-D’Kar contact to the east of Snowball.

Next on the agenda

The current Namibian drilling is focused on five targets in the Witvlei project that are prospective for sedimentary copper-silver mineralisation.

Two rigs are drilling at the Okasewa Prospect with 10,500 metre of a planned 12,000 metre project completed so far.

Ground geophysics including IP, NSAMT and ground magnetics is now underway on the recently acquired Snowball Project, which NRX says could host a large copper deposit on a paleogeographic high.

This area has not been previously drilled and an initial drill program is planned for later this month.

This article was developed in collaboration with Noronex, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.