Namibia Critical Metals Begins Key Drill Campaign at Lofdal in Namibia
Namibia Critical Metals (NMI.V) on Thursday said a major drilling program at its Lofdal Heavy Rare Earths Project in Namibia is underway.The program began on June 3 and is designed to support resource growth and advance future mine development plans, the company added.A key objective is to establish a maiden resource for the 1.5-kilometre-long xenotime-mineralized system at Area 5, located between the planned Area 4 and Area 2B pits. The company also plans to drill its first deep hole at Area 4 to test whether the deposit extends to approximately 800-meters depth, which could support a future underground mining option, according to the statement."Testing the extension of the Area 4 deposit to a depth of about 800 meters has the biggest potential impact for further mine life or increased throughput. Our experts in underground mining design are on standby to potentially guide the project to a significant expansion of the mine," President Darrin Campbell said.The company's shares closed up $0.01 to $0.145 on the TSX Venture Exchange.
