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Bankers Reports Adding 943 Km² License to High Potential Kamanjab Namibia Project
Bankers Reports Adding 943 Km² License to High Potential Kamanjab Namibia Project ...
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[{"type":"text","content":"\n\n\n\nBankers Reports Adding 943 Km² License to High Potential Kamanjab Namibia Project\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, Nov. 26, 2018\n\n\n\nVANCOUVER, Nov. 26, 2018 /CNW/ - Bankers Cobalt Corp. (TSXV: BANC) (FSE: BC2); (OTCQB: NDENF) (the \"Corporation\" or \"Bankers\") is pleased to announce entering a two year option agreement to acquire a 70% interest in an additional 943 km² permit showing high potential for copper, cobalt and other metals including silver and gold adjoining the recently acquired Kamanjab Project in Namibia.\nGrant Dempsey, President and COO of Bankers stated: \"The Kamanjab project has the potential of being a large deposit. The optioning of EPL 4477 further solidifies Bankers control of the entire region. EPL 4477 displays the same visible copper staining and other mineralization evident on the adjoining license EPL 6217. The Kamanjab Project has similar geological and tectonic-metallogenetic background to the Tsumeb mine. Both are located on the Northern Zone of the Damara Orogeny Belt. The Tsumeb copper- polymetallic mine was one of the biggest and long-term mines in Namibia.\"\nThe Damara Orogeny Belt trends ENE across north-central Namibia into Botswana and Zambia, connecting the Lufilian Arc in the Democratic Republic of Congo and the Zambezi Belt (The Katanga-Zambian Copper Belt). The dominant strata of carbonate shelf which developed in the Damara Belt can be traced from north central Namibia to Zambia and the DRC. These carbonaceous formations were grouped within the Damara Supergroup in Namibia and the Katanga Supergroup in Zambia and the DRC where the strata become the major host of the copper-cobalt mineralization.\nPermit EPL 4477 - Kamanjab Project, Namibia \nBankers has entered into an option agreement with a private Namibian company to acquire a 70 % interest in Exclusive Prospecting License 4477 (EPL 4477) bordering the previously announced option agreement on EPL 6217 in northwestern Namibia. EPL 4477 has an area of 943 km² bringing the current Kamanjab land packa...