Marenica Project
Marenica
Country Namibia 
Status ADVANCED DISCOVERY 
Surface 527 km² / 130,222 acres
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Produces
Develops
Explores for Uranium -
Last updated on 6/28/2010 - Terms of Use
Risk and valuation analysis of the Marenica Project
Status Risk : Advanced discovery
Country Risk : Moderate
Title(s) of the Marenica Project
Marenica Energy
Joint venture: 80%
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Quest Minerals & Mining Ltd
Option on interest: 20%
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Quest Minerals announced that the Company entered into an agreement with Xanthos Mining (Pty) Ltd in respect of Xanthos’ 20% shareholding in Marenica Minerals (Pty) Ltd which owns the advanced Marenica uranium project in Namibia.
Location of the Marenica Project
The project is immediately north of the large Trekkopje deposit.
 
History of the Marenica Project
In April of 2006, Marenica Energy entered into a Joint Venture agreement approved by the Ministry of Mines and Energy on 31 May 2006, whereby it could earn an 80% interest in the project. Due to high uranium prices in the 1970's, Namibia underwent considerable exploration for uranium particularly along a 100km wide corridor extending east from the coast.
 
Geology of the Marenica Project
The regional geology of this area consists of basin and dome tectonic features, where massive marbles of the Karibib Formation form three prominent domal structures, while steeply dipping biotite schists (Kuiseb Formation) form the basins similar to  more...
 
Data last updated on : 9/23/2010
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