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Deep-South Resources to Sign a Licence Agreement With Alexander Mining For A Leaching Technology for The Kapili Tepe Project In Turkey
(via TheNewswire) Vancouver, B.C., Canada / TheNewswire / June 28, 2018 ...
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[{"type":"text","content":"Deep-South Resources to Sign a Licence Agreement With Alexander Mining For A Leaching Technology for The Kapili Tepe Project In Turkey(via TheNewswire)\n \n \nVancouver, B.C., Canada / TheNewswire / June 28, 2018 - Deep-South Resources Inc. (\"Deep-South\" or \"the Company\") (TSX-V: DSM) announces that it has signed a licence agreement (\"Agreement\") with Alexander Mining (\"Alexander\"), to acquire a licence for the potential use of Alexander's proprietary Leaching Technologies (\"Leaching Technologies\") at the Kapili Tepe polymetallic copper project (\"KT Project\") in the Sivas Province in the northeast/ central part of Turkey. The Agreement is conditional on Deep-South completing the acquisition of a 75 per cent equity interest in the Kapili Tepe Project.\n\n\n \nThe Kapili Tepe Project is a copper mineralised altered and brecciated shear zone also containing nickel, cobalt and gold mineralisation. The Kapili Tepe Project comprises one Mining Licence and two Exploration Licences, which are contiguous. The licensed area covers approximately 5,240 hectares. For more information about the project, please follow this link: https://www.deepsouthresources.com/investors/news-releases/deep-south-resources-to-acquire-75-of-the-kapili-tepe-copper-nickel-cobalt-and-gold-project-in-turkey-will-proceed-with-a-private-placement-and-will-seek-a-listing-in-london/\n\n\n \nDeep-South proposes to delineate a NI 43-101 Compliant Mineral Resource Estimate and then decide on whether to conduct a Preliminary Economic Assessment (\"PEA\"), which would be followed by a Pre-Feasibility Study (\"PFS\") for the estimation of a potential construction of a mine. Both the PEA and PFS work will include investigating a mineral processing plant at the Kapili Tepe Project using Alexander's Leaching Technologies.\n\n\n \nAlexander has granted Deep-South a licence for the potential use of its Leaching Technologies on amenable mineralised materials sourced from the Kapili Tepe Project and also associated mineral processing technical consultancy services on the following key terms:\n\n\n \n\n\nI.Alexander will receive a royalty of 2.5 per cent. of gross saleable metal products produced from a potential mining operation at the Kapili Tepe Project, if using Alexander's Leaching Technologies. \n\n\n\n \n \n\n\nII.Upon completion of Deep-South's acquisition of th...