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- Golden Deeps (GED) starts a diamond drilling program at its high-grade Khusib Springs copper-silver deposit in Namibia
- The program will include up to nine holes for over 2000 metres to test below-surface copper mineralisation and extensions to the orebody in the area
- Additionally, the company will commence a moving loop electromagnetic program along-strike from the existing deposit, targeting repeats of the massive silver-copper deposit
- Khusib Springs initially went into production back in 1995 but closed in the early 2000s after having produced over 300,000 tonnes of ore at 10 per cent copper and 584 g/t silver
- GED shares last traded at 1.1 cents on July 5
Golden Deeps (GED) has commenced a diamond drilling program at its high-grade Khusib Springs copper-silver deposit in Namibia.
The drilling program will include up to nine holes for over 2000 metres to test below-surface copper mineralisation and extensions to the orebody in the area.
Additionally, at the same time as the drilling program, Golden Deeps will carry out electrical geophysics to detect a potential repeat of the Khusib Springs deposit. This will include a large moving loop electromagnetic survey.
The geophysical program will commence in early September.
CEO Jon Dugdale said previous drilling in the Khusib Springs area had shown that the high-grade mineralisation continued south of a major wrench fault. The company plans to test this zone to the west and down-plunge through its new exploration work.
“At the same time as the drilling, we will carry out a deep penetrating electromagnetics program to detect other blind massive sulphide zones along strike — which we will look to drill test during the current program,” Mr Dugdale said.
“Discovery of extensions or a repeat of this very high-grade copper-silver orebody would be a major breakthrough for the company and provide a springboard to re-establishing production from the existing decline at the Khusib Springs Mine.”
Khusib Springs was discovered in the early 1990s by mining giant Goldfields and went into production in 1995. The mine closed in the early 2000s after having produced over 300,000 tonnes of ore at a high grade of 10 per cent copper and 584 grams per tonne (g/t) silver.
Golden Deeps said potential deeper mineralisation at the deposit was never followed up on by Khusib’s previous owners due to low copper prices at the time.
GED shares last traded at 1.1 cents on July 5.
