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Property Summary Namibia, Africa
Altan (Dorwit) Copper - Silver JV
Taranis (Okohongo) Copper - Silver
The Taranis (Okohongo) is located in the Kaoko Copperbelt in Northwest & the Altan (DorWit) is located in the Kalahari Copperbelt in central Namibia. These belts have many similarities to the Copperbelt African Copperbelt (CACB) of the DRC and Zambia which is hosts world-class deposits that individually contain greater than 10 million tonnes of copper. Namibia is one of the most stable and pro-mining jurisdictions in Sub-Saharan Africa.
The Central African Copperbelt (CACB) largest and most abundant mineralized sediment-hosted copper province known,with numerous mines and is estimated to contain over 5 billion tonnes of copper ore with grades up to 4%
Sediment-hosted copper deposits are one of the most important source of copper next only to porphyry copper deposits and making up approximately 20% of all copper production.
From 1905 to 1996 Ongopolo Mine (Previously the Tsumeb Mine) in Namibia produced about 30 million tons of ore yielding 1.7Mt copper at 4.3% Cu.
Overview Dorwit Copper
Three licences located approximately 150 km from Windhoek, Namibia’s capital which cover about 65 km of prospective stratigraphy in the Kalahari Copper Belt
One licence (EPL 7030) located near village of Dordabis and other two licences (EPL 7028 and 7029) are located near the village of Witvlei, on the main paved highway to Botswana, covering about 60 km of prospective strike length in the Kalahari Copper Belt. A rail line and power lines cross these two licences and gravel roads extend across the licences from the paved highway.
These three licences cover approximately 78865 ha; putting this into perspective, the area covered by the three licenses is large enough to cover more than 75% of the historic Noranda Mining Camp in Quebec, Canada.
There are six copper deposits encompassed by these three licences along with other zones with anomalous copper drill core intercepts that we believe can be expanded upon through future exploration.
The license (EPL 7071), located in the northwest part of Namibia and covering approximately 19805 ha, includes the Okohongo Copper-Silver Deposit which is known to extend over 600 metres in strike length and up to 400 metres down-dip.
Situated within the Kaoko Belt and hosted by metasedimentary strata, the deposit is considered analogous with the stratiform sediment-hosted Central African Copperbelt deposits of Zambia and the Democratic Republic of the Congo.
The Okohongo deposit contains historical Inferred mineral resources reported as 10.2 million tonnes grading 1.12% Cu and 17.75 g/t Ag, using a 0.3% Cu cut-off (Table 2; INV Metals Inc. NI 43-101 Technical Report, Effective Date March 31, 2011).
Taranis Okohongo - Namibia, Africa Copper - Silver The recently completed Phase 1 RC drilling program (OK20-P series holes) was aimed at twinning, as close as possible, many of the historical RC drill holes used to calculate the 2011 historical mineral resource estimate. Highlights from this successful drilling program include:
Resampling of historical diamond drill core included: TCD-016 @ 22.0 m: 1.54% Cu and 36 g/t Ag over 31 metres;
Twinning of historical RC hole INVR-006 included: OK20-P05 @ 21.0 m: 2.02% Cu and 33 g/t Ag over 45.0 metres;
Twinning of historical RC hole INVR-001 included: OK25-P025 @ 47.0 m: 2.31% Cu, 46.3 g/t Ag over 23.0 m, including @ 57.0 m: 4.74% Cu, 65.1 g/t Ag over 4.0 metres.
It is not known if these drill hole intervals represent true widths and are therefore being treated as core len