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Namibia Critical Metals Inc.
Summary
| Project: | Kunene | |
|---|---|---|
| Deposit: | Kunene | |
| Location: | Namibia | |
| Commodities: | Cobalt-Copper | |
| Date: | 12/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2018: Namibia Critical Metals Inc. announces an Exploration/Drilling Update report for its Kunene deposit at the Kunene project. Drilling results incl. 199m @ 0.10% Cu from 0m. Halifax, Nova Scotia December 19, 2018 – Namibia Critical Metals Inc. (“ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Donald Burton (Internal) | |
| ABSTRACT: | Halifax, Nova Scotia December 19, 2018 – Namibia Critical Metals Inc. (“Namibia Critical Metals” or the “Company” or “NMI”) (TSXV:NMI) today announced first results from drilling on the Kunene Cobalt-Copper Project in northern Namibia (Figure 1). Drill results are reported from two diamond core holes on the Dolomite Ore Formation (“DOF”) Extension target (Table 1). These holes have confirmed the continuation of stratabound Co-Cu mineralization, similar to Celsius Resources’ Opuwo Co-Cu-Zn deposit on to Namibia Critical Metals’ land holdings. In addition to the Co-Cu horizons, two vanadium-enriched horizons have been intersected within the same stratigraphic sequence. Results from the first three reverse circulation holes on the Okanihova Central Target have confirmed widespread copper mineralization in the sedimentary strata in the hanging wall of the Okanihova lineament (Table 2). A total of six diamond drill holes and fifteen reverse circulation holes have been completed on various targets. Results from 17 holes remain pending. Drilling has been suspended for the Christmas break and will resume again mid-January once all results have been received and evaluated. 2 Following evaluation of the SkyTEM airborne electromagnetic (“EM”) survey, an induced polarization (“IP”) survey was carried out over selected areas of the Western Magnetic This survey detected three chargeability anomalies which coincide with previously reported cobalt soil anomalies which extend for over seven kilometers. A fourth chargeability anomaly coincides with an EM target interpreted to be contact related. These new targets will be further evaluated for drilling in 2019. Don Burton, President of Namibia Critical Metals, stated “Our objective in this first phase of drilling was to test as many accessible priority target areas as rapidly as possible. The results from the two holes on the DOF Extension have confirmed that the mineralizing system which hosts the Opuwo Co-Cu-Zn deposit extends on to Namibia Critical Metals’ ground. Furthermore we have intersected two unexpected vanadium horizons and the DOF Extension has been interpreted over a strike length of 20 kilometers. The widespread copper and anomalous cobalt mineralization along the Okanihova Lineament are clearly related to a major structural feature which extends for over 15 kilometers and points to a very large mineralizing system which we are now focused on. The cobalt soil anomaly and associated IP targets within the Western Magnetic Anomaly represent a significant developing target over a strike length of seven kilometers.” | |
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