Announcement Date: 2021-11-30
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Golden Deeps Ltd.
Project name: Khusib Springs
Location: Namibia
Commodities: Silver,Copper,Lead,Zinc,Vanadium
Highlight: Drilling results incl. 24.1m @ 2.0% Cu, 5.3% Pb, 7.9g/t Ag, 0.29% V2O5, 0.09% Zn from 0.0m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 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 drillhole, 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) The mineralisation intersected by diamond drillhole NSBDD001 is associated with pervasive malachite (copper carbonate) with specs of the copper sulphides – bornite and chalcopyrite. Mineralisation continues throughout the host conglomerate/arenite host unit for a thickness of over 45m and produced an overall intersection of: 45.83m at an average grade of 1.0% Cu, 2.5% Pb and 4.6 g/t Ag from surface. This intersection in NSBDD001 is located in the shallow oxidised – supergene zone, approximately 10m along strike from previous RC drillhole NSBRC0102 (see longitudinal projection, Figure 2), that intersected comparable thicknesses of high-grade copper and lead mineralisation at higher vanadium but lower silver grades
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