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Namibia Critical Metals Inc.
Summary
| Project: | Kunene | |
|---|---|---|
| Deposit: | Kunene | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper-Vanadium | |
| Date: | 3/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-3-2019: Namibia Critical Metals Inc. announces an Exploration/Drilling Update report for its Kunene deposit at the Kunene project. Drilling results incl. 1.03m @ 0.59% Cu, 0.14% Co, 0.02% V2O5 from 104.82m. Halifax, Nova Scotia March 12, 2019 – Namibia | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Burton (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia March 12, 2019 – Namibia Critical Metals Inc. (“Namibia Critical Metals” or the “Company” or “NMI”) (TSXV:NMI) today provided an update on a number of project activities from their diversified critical metals portfolio. The Company has received further drill results from its Kunene cobalt-copper project and has initiated gold exploration programs at the Otjiwarongo and Grootfontein projects. An airborne electromagnetic survey has been contracted to SkyTEM Surveys ApS (“SkyTEM”) and is planned to be flown over the Grootfontein mafic complex in April to assist in the detection of magmatic nickel-copper sulphide mineralization as well as to explore for Mississippi Valley type lead-zinc-vanadium deposits similar to the neighboring Berg Aukas Mine. The Company has also received preliminary comments on results of metallurgical test work on mineralized samples from the Area 4 heavy rare earth deposit at Lofdal and from the Epembe tantalum-niobium project using XRT and XRF ore sorting technologies. Don Burton, President stated “Exploration on the Kunene Co-Cu project has yielded encouraging drill results for follow-up and a number of key targets remain to be tested. However, given the ongoing low price of cobalt, management sees this is an opportune time to re-focus exploration on other related commodities of interest such as gold, nickel, copper, zinc and vanadium in our diversified critical metals portfolio. We will therefore allocate more of our available resources to the Grootfontein and Otjiwarongo projects.” | |
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