See our exclusive index of companies on the move:Explore Stocks
- On Site
- About Australian Cannabis Investing
- About Australian Resource Investing
- About Australian Tech Investing
- About Australia Investing
- Of Interest
- ASEAN-Australia-New Zealand Trade Agreement
- Association of Southeast Asian Nations (ASEAN)
- Australian FAQ on ASEAN
- Australia Government on Foreign Investments
Golden Deeps Limited (“Golden Deeps” or “Company”) is very pleased to announce very high-grade copper-lead-silver and vanadium intersections from the first diamond drillhole at the Nosib Block (“Nosib”) Prospect, located in the Otavi Mountain Land of northern Namibia (see location Figure 3).
Diamond drill hole, NSBDD001, intersected a thick, stratabound, conglomerate/arenite hosted zone of mineralisation from surface to approximately 46m downhole depth that included a strongly mineralised zone of oxide/supergene mineralisation from surface that produced the following very high-grade intersections (see cross section, Figure 1):
Golden Deeps CEO, Jon Dugdale, commented:
“The Nosib diamond hole intersection, NSBDD001, confirms the discovery of very-high-grade copper, lead, silver and vanadium mineralisation from surface and that mineralisation extends across the entire, 45m thick, conglomerate-arenite host unit.
“Deeper drillhole, NSBDD003, has intersected similar thicknesses of sulphide mineralisation, which appears to be strengthening at depth, with up to 6 percent copper in spot XRF readings on drillcore.
“We see potential here to not only define a shallow, open-pitable, resource of copper, lead and vanadium but also an opportunity to discover a high-grade copper - silver ore-body at depth.
“Copper, lead and vanadium are key battery metals and Golden Deeps has the opportunity to become a key player in the supply of battery pre-cursors for the rapidly growing EV and renewables markets.”
This article includes content from Golden Deeps, 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.