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Golden Deeps Ltd.
Summary
| Project: | Abenab | |
|---|---|---|
| Deposit: | Abenab | |
| Location: | Namibia | |
| Commodities: | Vanadium-Copper-Lead-Zinc | |
| Date: | 8/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-8-2019: Golden Deeps Ltd. announces an Exploration/Drilling Update report for its Abenab deposit at the Abenab project. Drilling results incl. 64.18m @ 0.90% V2O5, 2.01% Pb, 0.65% Zn from 207m. Golden Deeps Limited (“GED” or “Company”) is pleased to an | |
| Resources: | (Resource, Inf.): 2.80Mt @ 0.66% V2O5, 2.35% Pb, 0.94% Zn | |
| CP/QP: | [Overall Report]: Martin Bennett (Not stated) | |
| ABSTRACT: | Golden Deeps Limited (“GED” or “Company”) is pleased to announce the results in from its newly completed three part Phase 1 Resource Definition and Development Drilling Program at the Company’s Abenab Vanadium Project in Namibia. The program (completed in July) comprised a total of 23 holes for 3,638m which included in-fill and extension diamond drill holes into the existing Abenab resource and shallow reverse circulation (RC) drilling around the historic open pit. GED Chairman Michael Minosora stated “The initial results from our Phase 1 Resource Definition and Development Drilling Program are very positive and highlight the real potential that exists at Abenab for a further increase in the size of the existing resource. Of significance, intersection grade results from Hole ABD015 are likely to result in an increase in resource tonnes of our existing Inferred Mineral Resource of 2.80Mt @ 0.66% V2O5 (vanadium pentoxide), 2.35% Pb (lead), 0.94% Zn (zinc) at a 0.2% V2O5 cutoff. This is a fantastic result for the Company and its shareholders given we only recently upgraded the resource earlier this year and whilst we still await some results from Phase 1, we are looking forward to commencing Phase 2 drilling in Q4.” | |
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