Snow Lake Resources Ltd., operating as Snow Lake Energy, has reported positive initial results from the Phase 2 drill program at the Engo Valley Uranium Project. The company completed 31 reverse circulation drill holes totaling 2,719 meters, with eight of these showing mineralized intersections greater than 100 ppm eU3O8. Chemical assay results for these samples are pending. The ongoing drill program, which will include reverse circulation and diamond drilling up to 7,500 meters, aims to establish a maiden uranium mineral resource estimate by the end of 2025. CEO Frank Wheatley highlighted the significance of this exploration amid a global uranium supply deficit, emphasizing the project's role in identifying new economic sources of uranium, especially given Namibia's position as the world's third-largest uranium producer.
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