VANCOUVER, March 18, 2013 /CNW/ - Kombat Copper Inc. (the
"Company") (TSX.V: KBT) is pleased to report that it has
received all the results from its diamond drill core program at
Gross Otavi. A reference map is attached to this news release.
The best result to date is from GC15A-12
which returned 6.03 metres of 1.55% copper, 6.64% lead, 4.09 % zinc
and 18.4g/t silver, including 4.12 metres of 2.06% copper, 9.52%
lead, 5.37% zinc and 23.5g/t silver. The table below lists the
balance of significant assays.
"The results of this drilling program are
extremely encouraging with the very high grade intercepts of not
only copper, but also lead, zinc and silver. With a mine plan and
license secured at Gross Otavi, we feel there is excellent
un-realised value in this deposit. We plan further drilling to
define a NI43-101 compliant resource," stated Alex Helmel, President of the Company.
Gross Otavi is located approximately 12 km to
the west of Kombat and was historically mined by Otavi Minen und
Eisenbahn-Gesellschaft ("OMEG") from 1909 until 1941. TCL and Gold
Fields Namibia evaluated the area by diamond drilling and a decline
was begun in 1988 with the intention of commencing production as a
satellite deposit to feed the Kombat mill. All work was halted in
early 1989 when work was re-focused on the Kombat Mine. Weatherly
International performed more work including recirculation drilling
with good results as disclosed in a news release dated 23 October 2007; however, continued to focus
their priorities on the main Kombat deposit along with the Asis Far
West project.
All historic drilling at Gross Otavi was
performed prior to the existence of NI43-101 standards and no drill
core remains to be re-sampled and analysed. Therefore, to confirm
the presence of mineralisation at the site some drilling was
required. For a preliminary program, two diamond drill holes were
planned as twin holes of historic holes; GC5 and GC15.
The first hole, GC5A-12 (twinning GC5) was
collared at -50o towards 019o (true), but was
abandoned at 50.20 metres due to an unforeseen obstruction (steel
in an old drill hole). Therefore GC5B-12 was collared 4.0m to the
west and again drilled at -50o towards 019o
(true). GC15B-12 (twinning GC15) was collared approximately 62m to
the east and 25m south of GC5B-12 and drilled at the same azimuth
and dip. All core was oriented and down hole surveys were carried
out systematically with a Reflex EZ-Trac multi-shot tool. Final
drill hole-collar coordinates were acquired by use of a
differential GPS.
Significant diamond drill intercepts are listed
in the following table.
Drill Hole¹ |
From (m) |
To (m) |
Width² (m) |
Cu (%) |
Pb (%) |
Zn (%) |
Ag (g/t) |
V (%) |
|
GC5A-12 |
Hole abandoned at 50.20m. No
significant intersections. |
|
GC5B-12 |
56.00 |
58.20 |
1.20 |
0.86 |
4.68 |
0.38 |
* |
0.64 |
|
GC5B-12 |
79.00 |
112.85 |
33.85 |
* |
1.52 |
* |
* |
* |
(includes) |
80.01 |
83.00 |
2.99 |
* |
2.38 |
* |
* |
* |
(includes) |
89.00 |
101.00 |
12.00 |
* |
2.51 |
* |
* |
* |
(includes) |
89.00 |
90.02 |
1.02 |
4.33 |
1.26 |
0.48 |
32.0 |
* |
|
GC5B-12 |
158.36 |
161.35 |
2.99 |
* |
3.98 |
* |
* |
* |
|
GC15A-12 |
51.44 |
57.47 |
6.03 |
1.55 |
6.64 |
4.09 |
18.4 |
* |
(includes) |
53.35 |
57.47 |
4.12 |
2.06 |
9.52 |
5.37 |
23.5 |
* |
(includes) |
53.35 |
55.35 |
2.00 |
1.67 |
11.48 |
10.79 |
13.0 |
* |
|
GC15A-12 |
57.47 |
57.93 |
0.46 |
karst cavity³ |
|
57.93 |
58.93 |
1.00 |
1.46 |
0.65 |
1.30 |
6.0 |
* |
|
58.93 |
64.93 |
6.00 |
karst cavity³ |
|
64.93 |
67.84 |
2.91 |
2.65 |
4.91 |
* |
9.5 |
* |
|
67.84 |
73.93 |
6.09 |
karst cavity³ |
|
GC15A-12 |
84.56 |
86.63 |
2.07 |
0.77 |
2.36 |
* |
* |
* |
(includes) |
85.63 |
86.63 |
1.00 |
1.11 |
3.68 |
* |
* |
* |
|
GC15A-12 |
94.01 |
97.12 |
3.02 |
* |
5.63 |
* |
* |
* |
|
GC15A-12 |
132.00 |
134.62 |
2.62 |
2.60 |
4.06 |
0.13 |
73.8 |
0.20 |
(includes) |
133.00 |
133.62 |
0.62 |
9.36 |
11.20 |
1.14 |
312.0 |
0.56 |
* Values not significant |
¹ |
GC5A-12 was collared at 772498E, 7823528N (UTM WGS 84) and
drilled with an azimuth of 019o and dip of
-50o. |
|
GC5B-12 was collared at 772495E, 7823528N (UTM WGS 84) and
drilled with an azimuth of 019o and dip of
-50o. |
|
GC15A-12 was collared at 772557E, 7823503N (UTM WGS 84) and
drilled with an azimuth of 019o and dip of
-50o. |
² |
Widths reported are drill core lengths and may not represent
true widths. |
³ |
Natural cavity. These are not included in the compositing, but
included to illustrate the complexity of the geology. |
No comparisons between historic and recent
assays are displayed for the following reasons;
- No sampling was performed in the historic drill holes from 0 to
36.58m in GC5 and 0 to 54.86m in GC15, therefore no results are
available for these intervals.
- All historic holes were drilled in feet and converted later to
metres in the sample/assay tables making it difficult to match the
historic and recent sample intervals.
- Although intervals do not correspond (likely due to the high
grade nugget effect of the mineralisation which is best noted in
the core), there are numerous high grade intersections in both
historic and recent drill holes.
Sampling and Analytical Method
All drill core was systematically logged with
lithology, mineralisation, alteration and structure recorded and
logged by hand on A3 size logging sheets. Any lost core for each
sample interval was recorded in an adjacent column to the sample
interval column. At completion of the hole all qualitative and
quantitative data were entered digitally in the Kombat
database.
All drill core from the Gross Otavi drilling was
sawn in half by means of a core saw in a secure location at the
Kombat mine site. For each sample, one half was sent to the
laboratory and the other half kept as a reference in the core box.
As per standard practices, Company geologists inserted a standard
and blank in every batch of twenty samples. Four hundred
seventy-two (472) samples were sent for analysis. The samples were
submitted to Bureau Veritas ("BV") laboratory in Swakopmund,
Namibia, an ISO 17025 certified
laboratory in late Q4, 2012 and analysed for 25 elements by
Inductively Coupled Plasma Optical Emission Spectrometry
(ICP-OES).
The laboratory protocol involves a crushing
stage whereby the entire sample is reduced to a 2mm fraction. The
crushed material is then run through a splitter device to obtain a
representative fraction of approximately 500 grams. This fraction
is then pulverized in a ring pulverizer until 85% of the material
will pass through a 75 micron sieve. Following this, a 0.15 gram
sample is digested using a combination of nitric, hydrochloric,
perchloric and hydrofluoric acids for an almost total digestion.
The digested sample is then analysed for Cu, Pb, Zn and Ag along
with 21 other elements by ICP-OES. The laboratory inserts internal
standards and blanks along with random duplicates with a blank at
the beginning of a run and thereafter every 90 samples to ensure 1
to 2 internal standards and 1 to 2 duplicates every 30 samples.
Qualified Person
Mr. Colin
Russell, P.Geo., the Qualified Person as defined by National
Instrument 43-101, is responsible for the design of the program,
and all exploration work on the Kombat Project will be done under
his supervision. Mr. Russell has read and approved the technical
content of this news release.
About Kombat Copper Inc.
Kombat Copper (TSX-V : KBT) is a publicly traded
Canadian exploration and development company with its core
operations focused on copper resources in Namibia, one of the world's most prospective
copper regions, where it has substantial assets in place with
significant exploration upside.
The Company holds an 80% interest in five mining
licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade
copper deposits. Within these licenses are three
past-producing mines including the Company's flagship property: the
past-producing Kombat Mine. The Kombat Mine's extensive
infrastructure includes an 800m exploration shaft which was opened
in 2006, three recently-operational shafts, ramp systems, extensive
underground workings, mine buildings, a tailings facility, a mill
and concentrator (replacement value est +$100MM) all supported by
the Company's local town-site. The Kombat mine originally
opened in 1962 and historically produced ~8.7 million tonnes of ore
grading 3.1% Cu and is linked to vital existing infrastructure,
including power, water, roads, and rail with close proximity to the
port of Walvis Bay and to one of only five commercial-grade
smelters in Africa located in
Tsumeb.
In addition to mining licenses, the Company
holds an 80% interest in five Exclusive Prospecting Licenses
("EPL's") covering an area of more than 2200 km2. The EPL's
are located also within the copper-rich Otavi Mountainlands and are
in close proximity to Tsumeb.
Neither 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.
All statements in this news release, other
than statements of historical fact, that address events or
developments that Kombat Copper Inc. expects to occur, are
"forward-looking statements". Forward-looking statements are
necessarily based on estimates and assumptions that are inherently
subject to known and unknown risks, uncertainties and other factors
that may cause Kombat Copper Inc.'s actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. Such factors include,
without limitation: significant capital requirements and the
ability to raise equity capital; the risks of obtaining and
maintaining the validity and enforceability of the necessary
licenses and permits and complying with the permitting requirements
in, Namibia; the lack of certainty
with respect to foreign legal systems, which may not be immune from
the influence of political pressure, corruption or other factors
that are inconsistent with the rule of law. Forward-looking
statements are not guarantees of future performance, and actual
results and future events could materially differ from those
anticipated in such statements. Kombat Copper Inc. expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
SOURCE Kombat Copper Inc.
Image with caption: "Kombat and Gross Otavi mining licenses (CNW
Group/Kombat Copper Inc.)". Image available at:
http://photos.newswire.ca/images/download/20130318_C5729_PHOTO_EN_24618.jpg