Zhonghe Resources (Namibia)
Zhonghe Resources (Namibia) Development (Pty) Ltd is a company owned jointly by China Uranium Corporation Limited (58%), Springbok Investment (Pty) Ltd (21%), and Namibia-China Mineral Resources Investment Development (Pty) Ltd (21%). The Zhonghe Uranium project is situated in the vicinity of the Rössing and Husab Mines east of Swakopmund in the Erongo Region. The company currently holds an Exclusive Prospecting License and in 2012 was also awarded a mining licence by the Minister of Mines and Energy.
Since 2010, the uranium-bearing alaskites at Zhonge’s licenses have been investigated by means of almost 600 km2 mapping, 700 km2 ground geophysical surveys, 50 km2 of geochemical surveys involving the analysis of more than 1700 geochemical sediment samples, 7650 m of reverse circulation percussion drilling in 51 holes, and 18 600 m of diamond core drilling in 191 holes. In addition, almost 12 000 hard rock samples were analysed. Geological research by means of trenching and geophysical surveying is ongoing.
At present, Zhonghe Resources (Namibia) Development’s activities focus on the evaluation of the resource by starting an 800 m diamond drilling contract, and carrying out a series of geological and geophysical surveys on some anomalies. Another drilling program for Zhonghe’s mining licence area was designed and approved for implementation during the course of this year.