The property is located in the northwest corner of Namibia, along the famed Skeleton Coast with a pending EPL (pending) area of 980 km².
The estimated historical ore reserve is calculated at approximately 6 million tons at 400 PPM or 0.04% U3O8.
However, in a report written by General Mining in 1979, "Detail 1 Area has an estimated potential for approximately 15 million tons of ore at a grade of approximately 0.04% U3O8” which is equivalent to about 5.3 million pounds U3O8.
With additional exploration work, it is highly possible the tonnage can be increased significantly.
The area consists of rocks of the Damara sequence, which are unconformably overlain by Karoo sequence rocks. The Damara is made up of schists, gneisses and calc-silicate rocks equivalent to the Kuiseb formation. The Kuiseb formation is intruded by tectonic granites that are radioactive. It is thought that these granites are the source of the uranium mineralization in the area.
The exploration target is a mineralized sandstone belonging to the Dwyka and Engo formation.
The mineralization model would be similar to a sandstone-conglomerate and siltston hosted epigenetic / diagenetic deposit of which the roll-front and pene-concordant type in the USA are best known.
Extraction of uranium using In-Situ Leeching (ISL) would be considered the best recovery methodology.
WORK COMPLETED AT ENGO VALLEY
All historical borehole and sampling data has been acquired.
All airborne and ground geophysical data has been acquired.
Interpretation and integration of all acquired data has been completed.
Application for EPL was made in April 2007 – waiting for EPL to be granted.
Environmental impact studies has been completed and submitted to Ministry of Mines and Ministry of Environment.
EXPLORATION PLANS FOR 2009 (Subject to being awarded EPL)
Carry out large-scale radon survey over property utilizing radon detectors.
Conduct ground exploration, sampling and mapping of Engo Valley property.
Identify targets for drilling and test by drilling and trenching all radon anomalies.
Consider all strategic options for the development of Engo Valley property.
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