Near Surface Copper, Lead, Silver And Vanadium Zones Open Along Strike
Golden Deeps Limited (ASX:GED) has drilled further exceptional copper (Cu), lead (Pb), vanadium (V2O5) and silver (Ag) intersections from the final seven of 15 reverse circulation (RC) drillholes recently completed at the Nosib Block prospect in Namibia.
The drilling tested an area of historical high-grade copper – vanadium mining carried out early last century at the Nosib Prospect, which is located at the western end of EPL3543, 20km southwest, along strike, from the company’s Abenab high-grade Vanadium project, in the Otavi Mountain Land in Namibia.
Copper mineralisation was intersected in all seven of the remaining holes, which, in addition to the previously announced intersections means that all 15 holes in this RC drilling programme intersected significant copper mineralisation, with the majority of holes producing exceptional copper, lead and high-grade vanadium intersections, as well as increasing silver assays with depth.
CEO, Jon Dugdale, said the results from hole NSBRC010 include an exceptionally valuable intersection of 9m @ 3.66% Cu, 11.91% Pb, 3.62% V2O5 and 7.70g/t Ag from only 3m down hole depth.
“Nosib represents a significant new discovery for Golden Deeps. The high-grade copper, lead and vanadium mineralisation extends from surface, is open along strike and continues well into the footwall, at depth, below the previously developed mineralisation,” Mr Dugdale said.
“We see potential here to not only define a shallow, open-pitable, resource of copper, lead and vanadium but also for high-grade copper – silver mineralisation extending to depth.
“The key next step is to do more drilling to extend this very exciting, high-value, multi-element discovery.”
The current drilling at Nosib Block has tested the moderately north-dipping, mineralised, arenite/conglomerate unit between the three historically developed mining-levels, to a depth of only 60m to 80m below surface and a strike length of less than 80m.
The historical No 2 shaft was developed on three levels to a depth of 120m from 1917 to 1920 but not mined. Golden Deeps’ geologists accessed the three levels of the mine and took underground channel samples from the walls of the drives.
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