Marenica Energy reports exploration drilling at its project in Namibia has confirmed prospectivity of a new palaeo-channel target MA7, located 7km south-east of the Marenica deposit, with initial results including 6.4m at 231.6ppm uranium from 2.00m, 4.8m at 124.0ppm from 2.77m, 6.5m at 119.3ppm from 1.69m and 5.7m at 115.9ppm from 6.69m.