Elevate Uranium's wholly owned tenement EPL 7508 (called Capri) is located in the world class Erongo uranium province in Namibia, 20 kilometres northwest of Elevate Uranium's Marenica Uranium Project.
Exploration using airborne electro-magnetic surveys identified extensive palaeochannels associated with radiometric anomalies in both the western and eastern areas of the tenement. Subsequently, Elevate Uranium’s maiden drill program was completed over the palaeochannels in the western half of the tenement, resulting in this new uranium discovery.
Figure 1 highlights the mineralisation identified during this drill program relative to the location of the palaeochannels.
Figure 1 - The New Discovery at Capri
A general view of the topography of Capri is shown in Figure 2, with the proximity of Capri to the Company’s other Namibian tenements shown in Figure 3.
Figure 2 - General view of the topography of Capri
Figure 3: Location of Capri in the Central Erongo Area with respect to Elevate Uranium’s other Namibian tenements