Deep-South Appoints Knight Piesold to Produce Scoping Studies on the Haib Copper Project in Namibia
Vancouver, B.C., Canada – TheNewswire - May 13, 2021 – Deep-South Resources Inc. ( Deep-South or “the Company ) (TSXV:DSM) (OTC:DSMTF) today announced that it has appointed Knight Piésold Consulting to conduct scoping studies and assessments on the Haib Copper Project in Namibia. Knight Piésold has extensive experience in environmental, bulk water supply, power, and heap leaching projects in Namibia and Southern Africa.
The scoping studies include:
Water Supply Scoping Study: Knight Piésold will undertake a high level assessment of the various water options available to the Haib project from surface and groundwater sources. Aspects to consider will include costs, reliability and environmental processes required, with a special focus on gaps and recommendations for future studies.
We are confident that their studies will provide strong guidance and will add value to the project.
The Haib copper porphyry deposit, which sits within a 37,000 hectare (ha) package, is arguably the oldest of its type in the world and one of the largest in Africa.
It already boasts an indicated resource of 3.1 billion pounds of the red metal, while 2.2 billion is classed as inferred. A preliminary economic assessment (PEA) pegged the after-tax net present value (NPV) at US$957 million with an internal rate of return (IRR) of 29.7%, using a copper price of US$3 per pound.
As part of the scoping, Knight Piésold will also undertake a high-level assessment of the various water options available to the project and look at how the heap leach processing may work.
Deep South Resources first assays results from their drill program show good numbers from Haib
Deep-South Resources (CVE: DSM-OTC: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to bring news the company has released their first drill results from their current program at the Haib Copper project in southern Namibia.
Leveille telling Proactive they saw significant copper and molybdenum intersections with numbers like 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuE and 0.65% CuEq over 36 metres, Leveille also told Proactive a change in the way drilling has been done in the past is being proven successful with these first results
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Deep-South Resources reveals first results from 10,000 metre drill program at flagship Haib copper project in Namibia
Highlights of the results include an intersection of 152 metres of 0.47% copper equivalent (CuEq), including 30 metres at 0.81% CuEq Deep-South is planning to drill 10,000 metres at Haib, one of the oldest porphyry deposits in the world
Deep-South Resources Inc (CVE:DSM) (OTCMKTS:DSMTF) has revealed the first drill results from its Haib copper project in Namibia showing an intersection of 152 metres of 0.47% copper equivalent (CuEq).
The intersection included 30 metres at 0.81% CuEq, according to the Vancouver-based resource company.
Other results included 128 metres of 0.42% CuEq, including 14 metres at 0.57% CuEq, and 36 metres of 0.65% CuEq, including 12 metres at 1.04% CuEq.
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