and step out hole extends copper-vanadium-lead mineralisation along strike to the NE

Golden Deeps Limited (“Golden Deeps” or “Company”) is very pleased to announce further, exceptional, copper-vanadium-lead-silver intersections from the second diamond drill hole at the Nosib Block (“Nosib”) Prospect, located in the Otavi Mountain Land of northern Namibia (see location Figure 3).

Highlights:

  • The second diamond drill hole completed at Nosib Prospect, NSBDD002, has produced exceptionally high-grade copper-lead-vanadium and silver intersections from surface, including:
    • NSBDD002: 20.85m @ 2.0% Cu,1.54% V 2O5, 6.0% Pb, 7.7g / tAg (6.4%CuEq*) from 0m
      • incl. 12.10m @ 3.2% Cu, 2.54% V 2O5, 9.8% Pb, 8.0g/tAg (10.3% CuEq*) from 0m
      • incl. 3.00m @ 6.3% Cu, 7.82% V 2O5, 21.9% Pb, 6.4g/tAg (25.9% CuEq*) from 7.3m

*See copper equivalent (CuEq) calculation Appendix 1

  • NSBDD002didnottesttheentiretargetzonedue to bogged drill-rods, but still intersected an overall zone of 45.7mdownhole/truethicknessataveragegradeof1.0%Cu,0.72%V2O5,2.8%Pb
  • These exceptional diamond drillhole intersections are located within the shallow, supergene, zone of the Nosib deposit between previousvery-high-gradecopper,vanadium,leadandsilver intersections,including:

* NSBRC0102: 29m @1.54% Cu,1.19% V 2O5, 4.49% Pb, 6.97g/tAg (6.6% CuEq*) from 2m

    • incl. 13m @ 2.83% Cu, 2.52% V 2O5, 9.18% Pb, 6.57 g/tAg (13.3% CuEq*) from 3m
    • incl. 9m @ 3.66% Cu, 3.62% V 2O5, 11.9% Pb, 7.70g/tAg (18.4% CuEq*) from 3m

* NSBRC0071: 24m @ 1.33% Cu, 1.37% V 2O5, 4.77% Pb, 3.67g/tAg (5.0% CuEq*) from 3m

    • incl. 10m @ 2.65% Cu, 3.12% V 2O5, 10.7% Pb, 7.79g/tAg (11.0% CuEq*) from 3m
    • incl. 6m @ 3.67% Cu, 4.40% V 2O5, 14.9% Pb, 12.2g/tAg (15.4%CuEq*) from 6m

*See copper equivalent (CuEq) calculation Appendix 1

  • In addition, diamond drillhole NSBDD004, a step-out hole to the northeast of NSBRC0071, has intersected “frequent pods and patches of malachite” (copper-carbonate) as well as copper- sulphide mineralisation from 24.5m to 46.5m (22mzone) with pXRF readings up to 4.4% copper
  • Diamond drilling is continuing (NSBDD005) with a higher-capacity diamond drilling rig, testing down plunge of the previous intersection in NSBRC009² of 5m @ 2.58% Cu,18.8g/tAg from 61 m that indicates potential for a high-grade copper-silver sulphide zone at depth
  • Diamond drilling is also planned to test down-plunge extensions of the very-high-grade Khusib Springs deposit, 15km east of Nosib, that previously produced 300,000t @ 10% Cu,584g/tAg3

Click here for the full ASX Release

This article includes content from Golden Deeps Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

GED:AU

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