ReeXploration launches exploration drilling at Eureka Uranium Target, Namibia
ReeXploration Inc. [TSXV: REE; FSE: K2I0] reported the launch of a fully funded uranium drilling program at the Eureka Project in central Namibia. This campaign marks the company’s first drill testing of a large-scale uranium target, 6.5 x 3.5 km in extent, defined through integrated geophysical, geochemical, and geological work.
The target is located along trend of Namibia’s world renowned “Alaskite Alley”, a corridor hosting giant leucogranite-hosted uranium deposits.
The drill campaign will evaluate a range of priority zones distributed across the broader target area, selected on the basis of airborne and ground uranium radiometric responses, uranium-in-soil geochemistry, and interpreted favourable structural and lithological settings.
The priority zones all fall within a regional geological setting consistent with leucogranite-hosted uranium systems elsewhere in Namibia’s Central Zone, including the Rössing, Husab, and Etango deposits.
The core drilling program is expected to include up to 2,000 metres of drilling across 12 to 15 drill holes and will be results-driven. Drill holes are designed to test for primary leucogranite-hosted uranium mineralization below the weathering profile.
“The start of drilling at Eureka marks a significant milestone for ReeXploration, representing our first drill program on a large and highly prospective uranium system,” said Christopher Drysdale, Interim CEO of ReeXploration. “This initial campaign will evaluate several priority zones and generate critical information to refine our geological understanding and guide future exploration. Importantly, Eureka also hosts confirmed rare earth element mineralization, providing the Company with dual-commodity exposure and long-term strategic optionality. Operating in Namibia, with its proven history of supporting responsible exploration and development, significantly enhances our ability to advance and unlock the full potential of the Eureka Project.”
The initial drilling phase (up to 2,000 metres in 12 to 15 drill holes) is designed to provide first-pass testing of the uranium system at depth and to validate the geological model developed from recent radiometric surveys, soil geochemistry, and field mapping.
Priority zones for drill testing have been identified based on coincident airborne uranium radiometric anomalies. Uranium-in-soil anomalies (>10 ppm U) were identified by XRF analysis.
Interpreted leucogranites are in contact with reactive calc-silicate host rocks. The zones include occurrences of visible secondary uranium mineralization identified within leucogranites and gypcretes/calcretes.
Drilling will consist of core drill holes designed to confirm the presence, style, and continuity of uranium mineralization at depth, and to improve the Company’s understanding of the broader uranium system across the Eureka Project area.
The company’s flagship Eureka Project in central Namibia pairs a technically proven rare earth foundation supported by the production of a clean monazite concentrate with a newly defined, high-priority uranium target located within one of the world’s most established uranium corridors.
Together, these commodities provide multi-path discovery potential aligned with accelerating global efforts to diversify critical mineral and nuclear fuel supply. Supported by a Namibia-based technical team and guided by global critical minerals experts, ReeXploration is advancing a disciplined, discovery-led strategy, building a credible, ESG-aligned platform positioned to benefit from the global race to diversify and secure responsible supply chains.