MSA to update Deep-South’s Haib project mineral resource estimate

The mineral resource estimate and subsequent technical report will follow the completion of the drilling program that was stopped in June 2021

The mineral resource estimate and subsequent technical report will follow the completion of the drilling program that was stopped in June 2021

11th August 2023

By: Cameron Mackay

Creamer Media Senior Online Writer


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Mineral exploration and development company Deep-South Resources has reappointed South African technical consultancy the MSA Group to produce an updated National Instrument (NI) 43-101-compliant mineral resource estimate (MRE) for the company’s 100%-owned Haib copper project, in Namibia.

The mandate of MSA includes site visits to verify data collection, quality assurance and controls, develop a structural geological model in collaboration with Deep-South’s geological team, assess the presence of domains and model these domains in three dimensions, complete a geostatistical study for each domain and issue an updated NI 43-101 MRE.

The mandate of MSA was previously interrupted when the Namibia Ministry of Mines refused to approve the renewal of the Haib copper licence in 2021. However, after a long court battle, the Ministry earlier this year renewed the licence.

The new MRE and subsequent technical report will follow the completion of a drilling programme that was stopped in June 2021.

There are still 5 200 m of drilling to be completed.

"We are pleased to have re-engaged MSA. Their vast experience will help to enhance an already robust project and unlock further value while reducing risk for our shareholders. With the backdrop of a strong copper price, we are highly optimistic for the coming years that Haib will garner additional interest from investors and other interested parties,” states Deep-South president and CEO Pierre Leveille.

MSA has already started reviewing the historical drilling data in order to specify the additional drilling needed to produce the MRE.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online



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