Highly Profitable Copper Project with Low Market Valuation
Deep-South Resources Inc (CVE:DSM) is a copper focused exploration and development company advancing the Haib Copper Project, located in Southern Namibia (Figure 1). The Haib deposit is one of, if not the oldest copper porphyry deposits in the world.
It's also one of the larger undeveloped copper deposits with a total NI 43-101 compliant mineral resource estimate of 799.1 Mt at a grade of 0.30% copper (Cu).
A large proportion of the current resource estimate comes from drilling down to a shallow depth of just 75 metres (m) below the surface, and the bulk of the resource estimate comes from drilling to a depth of 350 m. The deepest drill hole at the project extends to a depth of c. 850 m below the surface demonstrating that the ore-body remains open at depth and that additional deeper drilling would allow the resource estimate to be expanded beyond its already substantial size.
In addition to the expansion targets at depth, a 12,000 m infill drill programme is expected to expand the 140 Mt high-grade zone, which would also increase the life-of-mine head grade.
Haib also has four near mine satellite targets, the eastern; southern; south-western; and western anomalies, that with further drilling could add additional deposits to the overall project resource estimate.
As well as the near mine satellite targets there are three regional satellite targets, the: southwest alteration feature; the northwest induced polarisation (IP) anomaly; and the east alteration feature that could also represent additional sources of mineralisation, increasing the scale of the project.
Quick facts: Deep-South Resources Inc
Price: 0.2 CAD
Market Cap: $27.79 m
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