Golden Deeps has joined other companies that are hunting for uranium in the Namib Desert.
Until now, Golden Deeps has been focusing on vanadium-copper-lead-zinc-silver in the Otavi Mountain Land.
The company says it applied for five large EPLs totalling over 340km2 south of the Langer Heinrich Uranium Mine during the quarter ending July 31, 2024.
Golden Deeps targets repeat of the Langer-Heinrich deposit associated with paleochannels identified in satellite imagery. The company said it will provide further information on these EPL applications.
Golden Deeps joins Noronex, Gibs River Diamonds, NGX Limited, Oar Resources and Snow Lake Energy.
Cazaly Resources announced substantial mineral resource upgrades for its key Nosib and Abenab vanadium, copper, lead, zinc and silver deposits on its Otavi Mountain Land.
The new mineral resources represent an increase of 210,000 tonnes and an upgrade from entirely inferred mineral resources to two-thirds (66.6% by metal) of the mineral resources now in the measured and indicated categories, compared to the previous January 2019 Inferred Mineral Resource reported for the Abenab vanadium-lead-zinc deposit.
The company also says over 84% of the Nosib maiden mineral resource is within an optimised pit shell, and predominantly 90% is oxide mineralisation – associated with the vanadium-copper-lead hydroxide mineral mottramite, which metallurgical testwork has shown is readily recoverable using gravity concentration to produce a high-grade concentrate.
At the base of the pit, Nosib oxide mineralisation transitions to copper-silver strata bound arenite hosted sulphide deposit, which is open to the west where the grade and thickness increase.
The most westerly intersection of 44.22m @ 0.6% CuEq* (0.50% Cu, 3.2 g/t Ag) from 34.8m in NBSDD00712 includes a massive sulphide zone of 0.49m @ 10.3% Cu, 56.9 g/t Ag.
Further drilling is planned to extend this zone, targeting a substantial Cu-Ag sulphide Mineral Resource.
The company has also upgraded the Abenab vanadium, lead, and zinc deposits’ mineral resources from entirely inferred to predominantly indicated 75% by metal tons by incorporating more recent diamond drilling results and re-modelling the mineralisation.
The Abenab mineral resource has been optimised for underground mining.
The Abenab vanadium-lead-zinc mineralisation is hosted by a collapse breccia in carbonate rocks associated with the vanadium-lead-zinc hydroxide descloizite, which metallurgical testwork has shown is readily recoverable using gravity concentration to produce high-grade concentrate.
