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Bankers Diversifies With Copper-Cobalt Exploration Project in Namibia
Bankers Diversifies With Copper-Cobalt Exploration Project in Namibia Canada NewsW...
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[{"type":"text","content":"\n\n\n\nBankers Diversifies With Copper-Cobalt Exploration Project in Namibia\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, July 26, 2018\n\n\n\nVANCOUVER, July 26, 2018 /CNW/ - Bankers Cobalt Corp. (TSXV: BANC) (OTCQB: NDENF) (FSE: BC2) (the \"Corporation\" or \"Bankers\") is pleased to announce it has entered an option with a private Namibian partner to acquire a 70% interest in a prospective base metals, precious metals and industrial metals license located in the country of Namibia. Namibia is situated north of South Africa and south of Zambia. The option is for a period of two years with no defined expenditure requirements and may be extended or converted into a 70/30 corporate joint venture within the two-year option timeline.\n\nStephen Barley, Chairman and CEO stated: \"Bankers' primary focus will remain on the exploration of our large property portfolio in the DRC. Based on key relationships, Bankers was presented with the opportunity to participate in a highly prospective substantial land package in Namibia and the potential was so compelling the Corporation determined to add this to the portfolio. This allows Bankers to provide diversification from the DRC with nominal cash consideration, no additional share or equity consideration and with no distraction from our primary DRC cobalt and copper focus.\"\n\nGrant Dempsey, President and COO of Bankers, stated: \"Namibia is a stable English speaking country with an independent judiciary and clearly defined mining laws. Namibia is underdeveloped from an exploration perspective. The unexplored Kamanjab project at 135 km² in area, has the size and appropriate geology to possess a tremendous amount of upside potential regarding copper, cobalt and other metals. Bankers will utilize the considerable expertise of the existing DRC exploration team to evaluate the prospect avoiding any duplication of costs while continuing unabated with all planned activities in the DRC.\"\n\nKamanjab Project - Namibia \n\nThe 135 km² Kamanjab license is situated in the North of Namibia, appro...