EPL 9872, 9873 AND 8617
Skeleton Coast Uranium has entered into a Share Purchase Agreement to acquire a 100% interest in Ictus Resources Inc., which holds a Property Option and Joint Venture Agreement to acquire controlling interests in EPL 9872, EPL 9873 and EPL 8617.
EPL 9872
Covers approximately 11,077.9 hectares.
EPL 9873
Covers approximately 19,482.1 hectares and adjoins EPL 9872.
EPL 8617
Covers approximately 10,497 hectares and is located east of the Rössing Mine.
To exercise the option, the Company must incur exploration, environmental, technical and administrative expenditures of not less than CAD$2,000,000 in aggregate prior to June 15, 2028.
EPL 9872 and EPL 9873 are located within the Central Zone of the Damara Orogenic Belt. Historical reports describe uranium-bearing intrusive outcrops on EPL 9872 and drainage systems and calcrete development on EPL 9873, similar to those observed elsewhere in the region. Historical radiometric surveys reportedly identified anomalous uranium values in localized zones, including values reported at up to 260 g/t U₃O₈.
EPL 9727 is reported in historical records to host intrusive-related and surficial uranium mineralization. Historical descriptions reference intrusive mineralization associated with alaskitic intrusions emplaced within schistose host rocks and surficial mineralization associated with calcrete development in palaeochannel systems.
EPL 8617, is reported in historical records to host intrusive-related uranium mineralization and is prospective for palaeochannel deposits. Historical descriptions reference intrusive mineralization associated with alaskitic intrusions emplaced within schistose host.
EPL 9872 and EPL 9873 are located within the Central Zone of the Damara Orogenic Belt. Historical reports describe uranium-bearing intrusive outcrops on EPL 9872 and drainage systems and calcrete development on EPL 9873, similar to those observed elsewhere in the region. Historical radiometric surveys reportedly identified anomalous uranium values in localized zones, including values reported at up to 260 g/t U₃O₈.
EPL 9727 is reported in historical records to host intrusive-related and surficial uranium mineralization. Historical descriptions reference intrusive mineralization associated with alaskitic intrusions emplaced within schistose host rocks and surficial mineralization associated with calcrete development in palaeochannel systems.
EPL 8617, is reported in historical records to host intrusive-related uranium mineralization and is prospective for palaeochannel deposits. Historical descriptions reference intrusive mineralization associated with alaskitic intrusions emplaced within schistose host.
The Valencia Deposit lies to the west of EPL 8617, the deposit is situated on the farm Valencia 122, about 75 km southwest of Usakos. The secondary uranium minerals uranophane and uranothallite have been reported to be present in the upper few metres of the alaskite bodies as yellow coatings on exfoliation planes and joints, where they have been reported to form specks and tiny flakes on feldspar, quartz, biotite and apatite. The uraninite present has been reported to be generally fresh, with only sporadic very minor alteration rims. Uranium mineralisation has been reported to occur in the finer-grained alaskite and only occasionally in the coarse-grained phases.
Historical percussion drilling immediately south of EPL 8617 showed palaeochannel-type uranium mineralization in a historical inferred resource estimated to contain 35 million tonnes at an average grade of 120 ppm U3O8. Historical resources of 35 Mt at 120 g/t U3O8 is equivalent to 9.2 million lbs of uranium.
Historical percussion drilling immediately south of EPL 8617 showed palaeochannel-type uranium mineralization in a historical inferred resource estimated to contain 35 million tonnes at an average grade of 120 ppm U3O8. Historical resources of 35 Mt at 120 g/t U3O8 is equivalent to 9.2 million lbs of uranium.
The historical resource estimates provided here are based on data obtained and prepared by previous operators and have not been verified by either the Company or a qualified person as defined by NI 43-101 and the rules promulgated thereunder regarding the reporting of historical resource estimates. These estimates are considered historical and do not conform to current NI 43-101 standards.
Technical Information
The historical technical information referenced here is from the Namibian Geological Survey Report – The Mineral Resources of Namibia – Uranium dated 1988 by H Roesener and CP Schreuder and has not been independently verified by the Company. A Qualified Person has not completed sufficient work to classify historical information (including any historical estimate) as current information, including, without limitation, any mineral resources or mineral reserves under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and the Company is not treating the historical information (including any historical estimate) as current, including, without limitation, any current mineral resources or mineral reserves. Further work, including drilling and analysis, is required to verify any historical estimates to be considered current mineral resources. This information is provided for purposes of illustrating the prior work history on and near the property.
Mineralization on adjacent or nearby properties, including the Rössing, Husab and Langer Heinrich mines, is not necessarily indicative of mineralization on the Company’s EPLs.
Mineralization on adjacent or nearby properties, including the Rössing, Husab and Langer Heinrich mines, is not necessarily indicative of mineralization on the Company’s EPLs.
Learn About Our Projects
EPL 8208 and EPL 9727
Skeleton Coast Uranium has a Property Option and Joint Venture Agreement covering EPL 9727 and EPL 8208.
