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Noronex (ASX: $NRX) completes successful humpback drilling program

Overview of Noronex Limited's recent drilling program


Noronex Limited (ASX: $NRX) has reported completed drilling results from the ongoing campaign at the company's 100% owned Humpback project. The drilling campaign, which involved 4,900m of Reverse Circulation (RC) drilling, has provided significant insights into the Fiesta copper mineralisation zone and the Blowhole prospect. The results indicate an extension of the known length of the mineralised horizon at Fiesta and the potential size of the deposit, as well as encouraging anomalous Copper and Silver intercepts at the Blowhole prospect.

Executive commentary on drilling results and future prospects


The Fiesta deposit has shown positive Copper intercepts at significant step outs on the main horizon, indicating potential for a large mineralised system. The successful drilling campaign has provided valuable insights into the mineralisation at Fiesta and the surrounding region, highlighting numerous favourable structural settings for large deposits. Additionally, the first ever drilling at the Blowhole prospect has intercepted anomalous Copper and Silver, demonstrating the prospect's potential for further development. The company plans to use modern technology and exploration techniques to generate new targets at the projects and grow the current resource base.

Summary of drilling results and future outlook


Noronex Limited's completed drilling program has extended the known length of the mineralised horizon at the Fiesta deposit, indicating the potential for a significant increase in the size of the deposit. The successful drilling campaign at the Humpback project has provided valuable data, supporting the company's ambitions to identify and develop large mineral deposits. The encouraging results at the Blowhole prospect further contribute to the company's positive outlook. Noronex plans to continue leveraging modern technology and exploration techniques to drive its corporate strategy and expand its resource base.

Sourcehttps://announcements.asx.com.au/asxpdf/20240104/pdf/05z4vnmz3tbs4b.pdf

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