Deep-South Appoints the MSA Group for an Updated NI 43-101 Mineral Resource Estimate on the Haib Copper Project in Namibia
10 Août 2023 - 4:58PM
Deep-South Resources Inc. ("
Deep-South" or
“
the Company") (TSX-V: DSM)
announces that it has appointed the MSA Group (“MSA”) of South
Africa to produce an updated National Instrument (“NI”) 43-101
Mineral Resource Estimate for the Company’s 100%-owned advanced
Haib copper project located in the south of Namibia. The mandate of
MSA was interrupted when the Ministry of Mines refused to approve
the renewal of the Haib Copper license. The Mineral Resource
Estimate and subsequent technical report will follow the completion
of the drilling program that was stopped in June 2021. There are
still 5,200 meters of drilling to be completed.
Pierre Leveille, President & CEO of
Deep-South stated that: "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.”
MSA has already started to review the historical
drilling data in order to specify the additional drilling needed to
produce the Mineral Resource estimate. 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
Mineral Resource estimate.
About MSA
The MSA Group is a leading provider of
exploration, geology, mineral resource and reserve estimation,
mining and environmental consulting services to the mining
industry. Established in 1983, MSA has serviced its international
client base in more than 40 countries. MSA is the leading provider
of mineral exploration services on the African continent. You can
visit their web site at: http://msagroupservices.com
About Deep-South Resources
Inc.
Deep-South Resources is a mineral exploration
and development company. Deep-South’s growth strategy is to focus
on the exploration and development of quality assets in significant
mineralized trends and in proximity to infrastructure in stable
countries. The Company holds the Haib Copper Project in Namibia and
holds an interest in three exploration licenses in the Copperbelt
in Zambia.
In using and assessing environmentally friendly
technologies in the development of its copper projects, Deep-South
embraces the green revolution.
Neither the 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.
More information is available by contacting
Pierre Léveillé, President & CEO at +1-819-340-0140 or at:
info@deepsouthresources.com
Deep South Resources (TSXV:DSM)
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