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Golden Deeps Ltd.
Summary
| Project: | Abenab | |
|---|---|---|
| Deposit: | Abenab | |
| Location: | Namibia | |
| Commodities: | Vanadium | |
| Date: | 1/31/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2019: Golden Deeps Ltd. announces a Resource Estimation report for its Abenab deposit at the Abenab project. Updated mineral resource estimate at the project. Golden Deeps Limited (ASX: GED) is pleased to announce a significant Mineral Resource upgra | |
| Resources: | (Resource, Inf.): 2.80Mt @ 0.66% V2O5, 2.35% Pb, 0.94% Zn | |
| CP/QP: | [Resources]: Manie Swart (Shango Solutions) | |
| ABSTRACT: | Golden Deeps Limited (ASX: GED) is pleased to announce a significant Mineral Resource upgrade at the Abenab Vanadium project in Namibia. The new Mineral Resource is the result of a detailed geological review and target generation study at the Abenab project, and has delivered a 150% increase in total tonnes (at a cuff-off grade of 0.2%). A drilling program is planned to test new targets identified in Q1 2019. In November 2018, GED engaged highly experienced and recognised consultancy Shango Solutions (Shango) to conduct a comprehensive geological and drill targeting study on the Abenab Project (Figure 1). The study facilitated the integration of newly acquired historic exploration data from AVZ Limited (formerly Avonlea Minerals Limited). Shango commenced the study with an extensive search for additional historic data followed by compilation and validation of the exploration data. Historic underground drill holes were captured off old level plans adding to the digital database. As a result, the database has been updated and enhanced providing a robust platform for future exploration work. New 3D geological models have been generated for Abenab and Abenab West (Figure 2). The addition of underground drill data from old mine plans allowed lithological contacts and faults to be modelled resulting in an improved understanding of the ore zones and the lithological and structural controls on mineralisation. | |
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