Source: Puranium Energy Ltd.
  • Puraniuma Energy (UX) released results from a property-wide remote sensing and spectral processing survey in the Erongo Uranium Province of Namibia
  • Remote sensing interpretation identified two paleochannel systems cut into the basement of EPL-7646 in areas that are predominantly under cover
  • The remote sensing survey covered an area of 2,383 sq. km. and generated 30 targets on the property, 11 of which have been prioritized for further investigation
  • Puranium Energy Ltd. (UX) opened trading at C$0.15 per share

Puraniuma Energy (UX) released results from a property-wide remote sensing and spectral processing survey in the Erongo Uranium Province of Namibia.

The survey was completed by Perry Remote Sensing LLC on its exclusive prospecting licenses (EPLs) 7646 and 8084.

Remote sensing interpretation identified two paleochannel systems cut into the basement of EPL-7646 in areas that are predominantly under cover. The paleochannel in the northern area of the EPL extends over 10 km, while the one in the south extends beyond 5 km. The paleochannel systems coincide with both historical targets and new targets generated through mineral maps.

The remote sensing survey covered an area of 2,383 sq. km. and generated 30 targets on the property, 11 of which have been prioritized for further investigation.

Source: Puranium Energy Ltd.

The remote sensing program included the processing, analysis and interpretation of ASTER and Landsat Satellite data over the property and over areas surrounding the Property with known occurrences of similar mineralization, including the Langer Heinrich and Koppies deposits.

The company’s President and CEO, Jason Bagg, explained that the remote sensing techniques used to map structures and to model mineralized calcretes, subsurface paleochannels, groundwater flow directions, and sites of intense evaporation have been a cost and time-effective means of narrowing down search areas by highlighting targets that have the potential to form calcrete-hosted uranium deposits.

“Puranium will be looking to validate the remote sensing results on the ground and believes the properties present an exciting exploration opportunity, supported by the presence of appropriate source rocks upstream, significant deposits within the same drainage basin and downstream of the property, mineral mapping targets coinciding with airborne radiometric anomalies, and the identified targets within the property sharing similar characteristics as deposits of the same target mineralization style.”

Puranium Energy is focused on the uranium exploration of its 85 per cent interest in seven EPLs totalling 935 sq. km. in Namibia, accounting for approximately 8 per cent of the world’s uranium production. The company also has the option to purchase a 100 per cent interest in 35 mineral claims in Ontario.

Puranium Energy Ltd. (UX) opened trading at C$0.15 per share.


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