Namibia - Grootfontein Base Metal Project

PROJECT OVERVIEW

Golden Deeps limited is an ASX listed company (ASX:GED) focused on mineral exploration, with an interest in projects in the Republic of Namibia.

The company is conducting active exploration on its licences in Namibia. The objective of the exploration program is the discovery of economic mineralisation by the systematic application of modern exploration techniques.
 

PROJECTS

The Grootfontein Base Metal Project (GBP) is located on licences covering over 632km2 in the Otavi Mountain Land (OML) of Northern Namibia, an area roughly bounded by a triangle linking the towns of Tsumeb, Grootfontein and Otavi. The region hosts several globally significant copper, zinc, lead, silver and vanadium mines, including the Tsumeb, Khusib Springs, Abenab, Berg Aukas & Kombat mines.


The OML is a globally significant base metal province with production coming from several mines, including Tsumeb, which produced 24.9Mt @ 5.5% Cu, 11.8% Pb and 171 g/t Ag.

 

Figure 1 - Location of the Company's Namibian Projects

 

The region is well served by sealed roads, high voltage power, telephone and water, rail to port and is close to major towns and mining processing facilities, including the Kombat copper concentrator and Tsumeb Smelter complex (one of only five operating smelters in Africa).

The Grootfontein Project has a number of significant prospects near historical production centres located on its licence package. These prospects include the Askevold copper trend, the Abenab/Nosib copper-lead-zinc-vanadium trend and the Khusib Springs copper trend. (Figure 2)

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Each base metal trend excluding the Pavian contains at least one high priority advanced project, such as a historically drilled mineral deposit or an abandoned mine with remnant resource potential. These advanced projects will be the main focus of The Company’s immediate exploration efforts. Figure 1– Location of the Company’s Namibian projects
 

Figure 2 - Grootfontein Base Metal Project Licences Location showing mineralisation trends and major projects