The Canadian listed mineral exploration company Antler Gold says exploration work on the Paresis Gold Project in Namibia could start in the next few weeks of 2023 after receiving the environmental clearance certificate.
The Paresis Gold Project is in the Kunene and Otjozondjupa Regions.
The 100% Antler Gold-owned project is within the ‘gold corridor’ that hosts B2Gold’s Otjikoto Mine, Osino’s Ondundu, and the recently discovered Eureka gold deposits.
Paresis Gold Project under EPL 8711 measures about 21,064.7ha.
Antler Gold’s CEO Christopher Drysdale said in a webinar that work is planned to start in the last quarter of 2023 on the Paresis Gold Project.
The upcoming exploration program includes geological mapping and grab sampling to identify priority target areas.
This will be followed by a geochemical soil and calcrete sampling program over areas covered by recent Kalahari sediments.
Goldfields worked on the project during the late 1980s, targeting epithermal gold associated with caldera structures and recorded anomalous gold values of 100-200 ppb for units related to the complex.
Antler wants to investigate sheeted vein systems, vein disseminations in carbonaceous rocks and intrusion-proximal to outer-aureole types.
The company’s other projects in Namibia are the Onkoshi South-East, now part of the Onkoshi Gold Project, which received an EPL 8991 recently.
Antler Gold acquired 90% of the Onkoshi Gold Project in April 2022 from an arms-length vendor.
The Onkoshi Gold project, northeast of Windhoek, is held in Antler’s project generation vehicle, owned 87.5% by Antler and 12.5% by the South African-based company Sherpa Resource Holdings Ltd.
The other part of the agreement is Remote Exploration Services (Pty) Ltd, which agreed to provide consulting services to the Project Generator.
Antler is also the 100% owner of the Erongo Gold Project, which sits on 25,766ha. This project is at the exploration stage.
The company has the Ziggy Copper Project under EPL 8937 in Mooifontein, near Helmeringhausen in the Karas region.
