Khusib Springs Project

Khusib Springs Copper-Silver-Zinc Deposit

The Nosib prospect is located at the western end of the Company’s EPL3543 (Figure 1), 20km southwest

The Khusib Springs Mine was a high-grade mine located in the Otavi Mountain Land near Grootfontein in Northern Namibia (Figure 1). The deposit was discovered early in the 1990s through mapping and drilling and went into production in 1995. The deposit is a steeply plunging pipe-like lens hosted by limestone and is considered to be analogous with the Tsumeb Mine 40km to the northwest. Approximately 300,000t at 10% Cu, 584g/t Ag and 1.8% Pb was mined from the deposit. Khusib Springs has a similar geological setting to Tsumeb.

A Mineral Resource model is also being prepared for the Khusib Springs high-grade copper-silver deposit.  The Company’s diamond drilling programs below an interpreted off-settign fault identified wide zones of copper-silver mineralisation below the previously mined zone. Results included a 90m copper-silver intersection grading 0.8% CuEq* (0.3% Cu, 52.3 g/t Ag, 0.06% Zn, 34.4 g/t Sb) from 389m downhole in KHDD006, including 28m @ 1.5% CuEq* (0.5% Cu, 101 g/t Ag, 0.1% Zn, 80.8 g/t Sb) from 402m (see Figure 2). 

Shango are currently modelling this thick mineralised zone to determine Mineral Resource potential and identify targets for further drilling.