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Golden Deeps Ltd.

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Summary

Project:

Abenab

Deposit:Abenab
Location:Namibia
Commodities:Vanadium-Lead-Zinc
Date:9/9/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:9-9-2019: Golden Deeps Ltd. announces an Exploration/Drilling Update report for its Abenab deposit at the Abenab project. Drilling results incl. 2m @ 1.8% V2O5, 5.07% Pb, 2.53% Zn from 64m. Golden Deeps Limited (“Golden Deeps” or “the Company”) ASX: GED i
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Martin Bennett (Not stated)
ABSTRACT:Golden Deeps Limited (“Golden Deeps” or “the Company”) ASX: GED is targeting low capital and operating cost vanadium production, and is pleased to provide the following update on the Company’s recent Reverse Circulation (RC) drilling program conducted at the Company’s Abenab Vanadium, Lead and Zinc Project located in North Eastern Namibia. GED Chairman Michael Minosora stated “The results reported for ABRC020 and ABRC019 continue the very encouraging drill results already delivered from the Phase 1 drilling program completed in July 2019. These latest drill results, which clearly indicate an extension to the Abenab Open Pit, open up new opportunities for the development of the Abenab Project. This is in line with the Company’s strategy to become a low capital and operating cost vanadium producer”. The Company completed a 13 hole RC drilling program (ABRC001-7, 9-10, 17-20) at the Abenab Project in July 2019 (Figure 1). The mine development drilling program was designed to test for shallow vanadium mineralisation adjacent to the historic Abenab open pit. No previous drilling had been conducted around the pit because historic exploration was conducted via underground drives extending off a shaft on the edge of the pit.

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