Total
0
Shares
Golden Deeps (ASX:GED) - CEO, Jon Dugdale
CEO, Jon Dugdale
Source: Golden Deeps
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Golden Deeps (GED) gears up to commence diamond drilling at the Nosib Block mine in Namibia
  • The work is designed to test extensions of a shallow, high-grade, copper-lead-vanadium zone and will target a thick copper-silver zone at depth
  • Following the eight-hole program at Nosib, GED will undertake deeper drilling at the Khusib Springs copper-silver deposit — last mined in 2003
  • CEO Jon Dugdale says the work could be a “game changer” for GED should the company discover a repeat of the high-grade Khusib Springs shoot
  • Shares closed at 1.1 cents on September 1, 2021

Golden Deeps (GED) is gearing up to commence diamond drilling at the Nosib Block mine in the Otavi copper district of Namibia.

The work is designed to test extensions of a shallow, high-grade, copper-lead-vanadium zone and will target a thick copper-silver zone at depth.

The drilling will also follow-up several key intercepts previously returned from Nosib.

Work will begin with an initial diamond drilling program comprising eight holes for 1000 metres, which will infill and extend the shallow high-grade copper-lead-vanadium zone and test the down-plunge extent of the copper-silver shoot to more than 150 metres below surface.

Additionally, the company said it would target deeper repeats of the “exceptionally high-grade” Khusib Springs copper-silver deposit with deeper drilling, following the Nosib program.

The site lies some 15 kilometres from Nosib and was last mined in 2003. There, the reportedly high-grade Khusib Springs shoot historically produced 300,000 tonnes at 10 per cent copper and 584 grams of silver per tonne (g/t).

Previous intersections from the shallow, mined areas included 4.5 metres at 35.19 per cent copper, 3.67 per cent lead, 2.23 per cent zinc and 2090.91g/t silver from 30 metres.

Golden Deeps CEO Jon Dugdale commented on the upcoming activities.

“The company’s immediate strategy is to drill-define the high- grade copper, lead, silver and vanadium deposit at Nosib, in order to increase resource inventory and add to the existing Abenab high-grade vanadium, lead, zinc resource,” he said.

“In addition, the company will target new high-grade copper-silver deposits that could represent a game-changer for Golden Deeps, if a repeat of the very high-grade Khusib Springs shoot is discovered.”

Shares closed at 1.1 cents on September 1, 2021.

GED by the numbers
More From The Market Herald

" Celamin (ASX:CNL) secures commitments to raise $3.2m

Celamin Holdings (CNL) has secured binding commitments to raise $3.2 million at 7.5 cents per share. The company will issue up to 42.6...

" Kula Gold (AXS:KGD) releases RC results at Boomerang Kaolin prospect

Kula Gold (KGD) has released reverse circulation (RC) drilling results at its Boomerang Kaolin prospect in Western Australia’s Southern Cross region.

" Winchester Energy (ASX:WEL) acquires oil field in Texas

Winchester Energy (WEL) has acquired a 100 per cent working interest in the Varn oil field in Texas.
West Wits Mining (ASX:WWI) - Chairman. Michael Quinert

" West Wits Mining (ASX:WWI) increases Witwatersrand MRE by 20pc

West Wits Mining (WWI) has announced an update to the JORC mineral resource estimate (MRE) at its Witwatersrand Basin Project (WBP) in South