Haib Copper: Licence Renewed
July 10 2023 - 9:54AM
Deep-South Resources Inc. ("
Deep-South" or the
“
Company”) (TSX-V: DSM) announces that the Haib
Copper License EPL 3140 has been officially renewed by the Ministry
of Mines and Energy of Namibia on Friday July 7, 2023 is valid for
a period two years from the date it was renewed.
Pierre Leveille, President & CEO of
Deep-South stated: "This is a very good news. The
Board of Directors and Management of Deep-South are highly pleased
to be back at Haib. With the scarcity of major copper developments
on the horizon, Haib’s promise as a significant undeveloped
deposit. We have begun preparations to commence the work program
and resume the development of the project as soon as possible. The
plan and further information will be disclosed to our shareholders
in due course. We acknowledge the patience and strong support of
our shareholders and stakeholders through this long journey. We
would also like to thank the Minister and team for their diligence
in renewing the license in a timely fashion.”
About Haib Copper
Haib Copper is a large copper/molybdenum deposit
situated 40 kilometers from the southern boundary of Namibia. The
license covers 370 square kilometers (37,000 hectares). Over the
years the project has seen 70,000 meters of drilling, many
metallurgical test work, geophysical surveys, geological mapping,
mine modeling and even a feasibility study in 1996. Deep-South
holds all the historical data. In June 2021, when the license
renewal was denied (see the news release here:
https://www.deepsouthresources.com/investors/news-releases/update-on-deep-south-haib-copper-licence-renewal-application/),
Deep-South was underway to complete a 10,000 meters drilling
program, was starting more metallurgical test work and was starting
an updated resource estimation that was to serve for a feasibility
study. The development program will resume as soon as possible.
About Deep-South Resources
Inc.
Deep-South Resources is a mineral exploration
and development company. Deep-South’s growth strategy is to focus
on the exploration and development of quality assets in significant
mineralized trends and in proximity to infrastructure in stable
countries. The Company holds the Haib Copper project in Namibia and
holds an interest in three exploration licences in the Copperbelt
in Zambia. In using and assessing environmentally friendly
technologies in the development of its copper projects, Deep-South
embraces the green revolution.
More information is available by contacting
Pierre Léveillé, President & CEO at +1-819-340-0140 or at:
info@deepsouthresources.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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