Business
NCMI Reports Final Assays for Infill Resource Drilling on Lofdal Area 4 Dysprosium-Terbium Project in Namibia, and Appoints Open Pit Specialist Qubeka for Detailed Mine Engineering and Design Study
HALIFAX, NS / ACCESSWIRE / February 2, 2024 / Namibia Critical Metals Inc. ("Namibia Critical Me...
About this update from Namibia Critical Metals Inc.
[{"type":"text","content":"NCMI Reports Final Assays for Infill Resource Drilling on Lofdal Area 4 Dysprosium-Terbium Project in Namibia, and Appoints Open Pit Specialist Qubeka for Detailed Mine Engineering and Design StudyHALIFAX, NS / ACCESSWIRE / February 2, 2024 / Namibia Critical Metals Inc. (\"Namibia Critical Metals\" or the \"Company\" or \"NCMI\") (TSX.V:NMI)(OTCQB:NMREF) is pleased to announce that it received all laboratory assays of the RC drilling campaign for its PFS study on the large-scale \"Lofdal 2B-4\" heavy rare earth project.The final infill drilling campaign entailed 7 very deep (end of hole between 325 and 401 meters) reverse circulation boreholes for a total of 2,597 m in the Area 4 main deposit. Assays were received from Actlabs, Canada. Highlights are:Continuation of the rare earth mineralization at depth was confirmed by all infill drill holes in grade and width in accordance with the geological model.The last borehole drilled (L4R0218) showed an increase in grade and width of the heavy rare earth mineralization and confirmed that the rare earth mineralization is open in southwesterly direction and at depth of the Area 4 main deposit.The Company appointed Qubeka, a Namibian consultancy specialised in surface mine planning and engineering to develop the mine model and schedule for the planned Lofdal mines \"2B pit\" and \"4 pit\". Qubeka is highly recognized and produced mine plans and engineering solutions e.g. for QKR's Navachab, B2Gold's Otjikoto and Osino's Twin Hill gold mines.Darrin Campbell, President of Namibia Critical Metals stated:\"Another important milestone was reached, and I am very pleased to see the boxes systematically getting ticked for the PFS of our expanded project \"Lofdal 2B-4\". With the drill data already at The MSA Group I'm looking forward to an updated Mineral Resource Statement towards the end of February this year, and a kick-off of the detailed mine planning for both, the planned Area 4 and Area 2B pits by the internationally highly recognized Namibian consultancy Qubeka.\"Final infill drilling program at Area 4 depositA final drill program was worked out by the Company with support by The MSA Group to increase the level of resource categories as required for the PFS for the expanded project \"Lofdal 2B-4\". Resource infill drilling was completed in November 2023.The drilling campaign entailed 7 b...