FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Noronex strikes gold in Southern Canada

26 July 2022
ASX: NRX
Tim Cornish

Noronex Limited has intercepted up to 28 grams per tonne of gold at its Lynx Deposit in the Canadian province of Ontario among other strikes of base and precious metals.

The Perth-based company believes the latest data and historical results indicate the site hosts massive mineral-rich sulphides.

Drilling comprised four holes over 1274 meters, with other highlights including a hit of 4.1g/t gold with 0.5 per cent copper and a massive silver intercept of 514 g/t.

It has been a busy week for Noronex as this news comes on the heels of the company commencing drilling at its copper project in Namibia.

The Onaman-Tashota greenstone belt is prospective for massive deposits of base and precious metals — including essential battery metals copper and nickel.

The Lynx deposit is only one of Noronex’s projects in the Onaman-Tashota belt.

The company said these high-quality intersections had provided extra confidence in the potential of the resource.

With this discovery, the explorer has grown the confidence to move forward on additional sites, with planning for till sampling and prospecting at the adjacent Kupfer project well underway.

Results have spurred on further geological surveys over Lynx, set to include borehole and airborne electromagnetic testing.

NRX’s Australian Stock Exchange-listed price was trading at 3.5c today (3:18 pm UTC+8 hours).

COMPANY OVERVIEW

Noronex Limited is an ASX listed copper company with advanced projects in the Kalahari Copper Belt, Namibia and in Ontario, Canada that have seen over 170,000m of historic drilling. The 80,000Ha Dorwit Project in Namibia has a current JORC (2012) resource of 10mt @1.3% Cu. The 30,000Ha Onaman Project in Canada has a current JORC (2012) resource of 1.6mt @ 1.6% Cu. The company plans to use modern technology and exploration techniques to generate new targets at the projects and grow the current resource base.

COMPANY INFORMATION

ASX: NRX

Website

https://noronexlimited.com.au/
https://www2.asx.com.au/markets/company/nrx

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!