Announcement Date: 2022-04-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Golden Deeps Ltd.
Project name: Khusib Springs
Location: Namibia
Commodities: Silver,Copper,Lead,Vanadium
Highlight: Drilling results incl. 53.52m @ 1.15% Cu, 0.62% V2O5, 3.49% Pb, 4.57g/t Ag 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 exceptional, thick and high-grade, diamond drilling intersections of copper-vanadium-lead-silver mineralisation at its Nosib Block (“Nosib”) Prospect, located in the Otavi Mountain Land of northern Namibia (location, Figure 3). Diamond drillhole, NSBDD008, produced an intersection from surface of Vertical diamond drillhole NSBDD008 tested the moderately dipping mineralisation from surface through the entire mineralised Nosib arenite unit (see Figure 1). A second, sulphide, intersection in this hole was produced on the footwall: 10.60m @ 0.75% Cu, 3.75g/t Ag from 64m incl. 2.47m @ 1.75% Cu, 8.05g/t Ag. This shallow, high-grade, copper-vanadium-lead-silver mineralised zone has now been tested over a 100m strike length and continues from surface to approximately 50m vertical depth. The zone remains open to the northeast and southwest at surface (see longitudinal projection, Figure 2). Samples of diamond drill-core from NSBDD008 and other previous intersections (e.g. NSBDD002) will now being aggregated to produce a bulk sample for gravity concentration testwork, along similar lines to the testwork being carried out on the Abenab high-grade vanadium-lead-zinc deposit1 , located 20km to the northeast of Nosib (see Figure 3).
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