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Deep-South Resources Intersects 50 Metres of 0.63% CuEq, Including 16 Metres of 0.80% CuEq and 4 Metres of 2.57% CuEq From the 2021 Drilling Program Undisclosed Results
Significant copper and molybdenum intersections include: HM11 : 0.62% CuEq over 10 metres, including 4 metres @ 0.97% CuEq HM11 : 0.46% CuEq over 26.36 metres i
About this update from Koryx Copper S.a.
[{"type":"text","content":" Significant copper and molybdenum intersections include: HM11 : 0.62% CuEq over 10 metres, including 4 metres @ 0.97% CuEq HM11 : 0.46% CuEq over 26.36 metres including 4m @ 0.76% CuEq HM12: 0.76% CuEq over 20 metres including 4m @ 2.57% CuEq HM14 : 0.35% CuEq over 30 metres from surface and 0.48% CuEq over 26 metres HM22 : 0.63% CuEq over 50 metres including 0.80% CuEq over 16.00 metres HM26 : 0.37% CuEq over 16 metres from 26 metres below surface VANCOUVER, British Columbia, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Deep-South Resources Inc. (\"Deep-South\" or “the Company\") (TSX-V: DSM) announces the fourth batch of assay results from its drilling program interrupted in June 2021 at its Haib Copper project in southern Namibia. The program was interrupted when the Ministry of Mines and Energy of Namibia had denied the renewal of the Haib Copper licence EPL 3140. Results from 13 drill holes have been received in full after the renewal denial of the licence, with partial results received for 1 drill hole. The first 6 drill holes were previously reported. Following the completion of QA/QC the results for the remaining 7 holes are disclosed here. Pierre Léveillé, President & CEO of Deep-South stated that: \"\"We are extremely enthusiastic by the results from the drill program. Previous drilling programmes point to the presence of higher copper grade zones, probably associated with near vertical structures (shears and faults) within the broader mineralised areas of the project. The use of vertical drilling in the past potentially missed those structures resulting in an underestimation of the overall grade. Our drilling program is focussing to redress this through the use of inclined holes to identify and delineate these structures and test the association with higher Cu grade zones. These results seem to support this updated interpretation, showing substantial intersections at Cu grades considered high for Haib. Additionally the presence of molydenum has been confirmed with high Mo grades obtained in association with structures and alterations”. The 7 holes for which assay results are reported here cover some 1,360.92 metres and cover all 4 of the target areas. All holes were positioned to better delineate the previously identified higher grade portions of the Haib Copper Project and to test the extension of grade between these ...