28 Dec 2012

Discovery Metals says it has identified copper mineralisation about 170 kilometres south west of the Boseto Copper Mine in Ngamiland.

The company released a statement recently saying the new discovery confirmed tthe continuity of copper-silver mineralisation across the Kalahari copper belt, thereby creating even more exploration potential across the region. 

Discovery Metals’ managing director, Mr Brad Sampson was quoted saying the drilling results showed significant potential for new discoveries in the region. “These are outstanding results from the first exploration work in this area,” Mr Sampson said.

Discovery Metals said in addition to the identification of copper mineralisation, diamond core drilling was underway. It further said over the past six months, a shallow orientation drilling had defined additional geochemical anomalies over both the Hades and Asteria areas in the Ghanzi tenements.

According to the company, the geochemical survey results suggested strong opportunities for further resources of a similar type to those of the Boseto Zone in areas towards the Namibian border. The company added that it had one drill rig and one diamond core drill rig operating in the south west Kalahari Zone, exploring for both styles of mineralisation.

Meanwhile, Discovery Metals said it would in the coming year continue drilling as planned in the Ghanzi District, testing both the stratigraphic target at the base of the D’Kar Formation and structural targets identified in aeromagnetic surveys conducted in the area by Discovery Metals in 2011.ENDS