Golden Deeps (ASX:GED) - CEO, Jon Dugdale
CEO, Jon Dugdale
Source: Golden Deeps
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  • Golden Deeps (GED) intersects further copper-vanadium-lead-silver mineralisation at the Nosib Block Prospect in Namibia
  • A second hole was drilled to test between two previously drilled holes and it intersected up to 6.3 per cent copper, 7.82 per cent vanadium pentoxide and 21.9 per cent lead
  • Upon completion of drilling at Nosib, selected samples will be sent for metallurgical testwork to determine the amenability to gravity concentrate production
  • Subject to these results, Golden Deeps will aim to generate a maiden mineral resource estimate for Nosib
  • Shares in Golden Deeps are trading steady at 1.4 cents

Golden Deeps (GED) has intersected further copper-vanadium-lead-silver mineralisation at the Nosib Block Prospect in Namibia.

A second hole, NSBDD002, was drilled to test between two previous reverse circulation (RC) holes which intersected high-grade copper, vanadium and lead mineralisation.

Overall, grades peaked at 6.3 per cent copper, 7.82 vanadium pentoxide, 21.9 per cent lead and eight grams of silver per tonne (g/t).

These highest-grade intersections of vanadium, copper and lead are from surface to 10.3 metres and are associated with heavy oxidation.

Additionally, there are patches of malachite and copper sulphides deeper in the hole to 46.3 metres.

CEO Jon Dugdale is excited by the results.

“This second diamond drillhole at Nosib has produced exceptionally high-grade vanadium, copper and lead results that have surprised on the upside, given the initial lower levels detected in hand-held pXRF readings and the fact that the hole failed to reach the footwall of the mineralised zone,” Mr Dugdale commented.

“Mineralisation has been intersected along strike to the northeast, extending the high-grade zone and deeper drilling indicated that we may be on top of a high-grade copper-silver sulphide zone at depth.”

Upon completion of drilling at Nosib, selected samples will be sent for metallurgical testwork to determine the amenability to gravity concentrate production.

Subject to these results, Golden Deeps will aim to generate a maiden mineral resource estimate for Nosib.

Shares in Golden Deeps were trading steady on the market at 1.4 cents at 2:10 pm AEDT.

GED by the numbers
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