Ongwe Minerals initiates a 5,000m drilling campaign at the Nguni prospect in Namibia, targeting a 6km gold-in-soil anomaly with geological similarities to the nearby Kokoseb deposit.
Ongwe has begun a fully funded maiden drilling programme at Nguni targeting a 6km gold-in-soil anomaly, which is positive for its exploration outlook.
WIA Gold's Kokoseb deposit is referenced only as a geological analogue for the Nguni anomaly, with no operational or financial update provided.
Ongwe Minerals has launched a fully funded maiden drilling campaign at its Nguni gold prospect in Namibia. The programme targets a 6km gold-in-soil anomaly identified along the Okondeka Fault Zone, utilizing 18 diamond drill holes and 13 reverse circulation holes to test high-grade zones and strike extensions.
The programme aims to test a 6km gold-in-soil anomaly identified in the Okondeka Fault Zone to determine the extent and grade of potential gold mineralisation.
Ongwe Minerals notes that the Nguni anomaly shares a similar scale and tenor to the nearby Kokoseb gold deposit, which is also hosted within the Okondeka Fault Zone.