(via TheNewswire)
The specific focus of the drilling campaign will be to drill the high-grade area of the deposit uncovered by Deep-South in 2019. The overall program is planned to drill up to 12,000 meters in the area. The first part of the program is to drill 5,000 meters with the goal of infilling gaps in previous drilling to improve the average grade and expand the tonnage of this specific area and eventually estimate a measured resource for the area. The first part of the drilling program will serve as a basis to plan the second phase of the drilling program.
Prospectivity of the high-grade area is clearly demonstrated by numerous drill intersections such as:
--HB026: 12m @ 1.81% Cu and 30 ppm MO from 38m
--HB041: 56m @ 0.76% Cu and 74 ppm MO from 18m
--GFMHB09: 40m @ 0.64% Cu and 75 ppm MO from 150m
--GFMHB10: 140m @ 0.62% Cu and 57 ppm MO from 20m
--GFMHB08: 230m @ 0.59% Cu and 64 ppm MO from 86m
--GFMHB07: 112m @ 0.52% Cu and 37 ppm MO from 14m
--HB092: 44m @ 0.53% Cu and 30 ppm MO from 60m
The Haib Copper deposit is a porphyry copper containing a NI 43-101 compliant indicated resource of
Please note that:Mineral Resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates are based onIndicated Mineral Resources that are consideredtoo speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.However, there is no certainty that these indicated mineral resources will be converted to measured categories through further drilling, or into mineral reserves, once economic considerations are applied.There is no certainty that the preliminary economic assessment will be realized.
Mr.
About
Deep-South currently holds 100% of the Haib Copper project in
Deep-South's growth strategy is to focus on the exploration and development of quality assets, in significant mineralized zones, close to infrastructure, in stable countries.
This press release contains certain "forward-looking statements," as identified in Deep- South's periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Neither the
More information is available by contacting
+1-819-340-0140 or at:info@deepsouthresources.comor
Paradox Public Relations at +1-514-341-0408.
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Copyright (c) 2020 TheNewswire - All rights reserved., source