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Ongwe Minerals Secures Additional Licenses, Significantly Increases Its Omatjete Project Area and Identifies Prospective Parallel Fault Zone
Highlights: Ongwe secures contiguous license area, increasing the size of the Omatjete proje...
About this update from Ongwe Minerals Inc.
[{"type":"text","content":"Ongwe Minerals Secures Additional Licenses, Significantly Increases Its Omatjete Project Area and Identifies Prospective Parallel Fault Zone\nHighlights: Ongwe secures contiguous license area, increasing the size of the Omatjete project area by up to 42%.Ongwe now controls 50km of strike on the Okondeka Fault Zone (OFZ) which hosts the Kokoseb deposit (WIA Gold) and the newly discovered Manga Gold Prospect.New structural interpretation reveals prospective transfer structures and parallel Okakongo Fault Zone in new licence area. VANCOUVER, British Columbia, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Ongwe Minerals Inc. (TSXV:OGW) (“Ongwe” or “the Company”) is pleased to announce that it has increased the size of its Omatjete project by up to 42% by acquiring a 90% stake in the adjacent EPL7400 licence (36,600ha) and submitting an additional application for the EPL11268 licence (8,200ha). Ongwe Minerals has three flagship projects in Namibia and a dominant land position in the emerging and highly prospective Northwest Damara Belt, comprising the following: The Khorixas Project (154,000ha) which includes the Belmont Prospect, an orogenic gold system with a surface footprint of 12km x 6km and numerous high grade visible gold rock chips at surface.The Omatjete Project (151,800ha) which contains the Manga Prospect, an orogenic gold system 30km along strike from the recently discovered Kokoseb gold deposit (WIA Gold, 2.9Moz), with a surface footprint of 4.5 x 1km.The Outjo Project (46,000 ha) which is along strike from Osino’s Eureka Gold Discovery and occupies a geological setting similar to that of the Eureka Discovery. David Underwood, Ongwe’s CEO, commented: “Since the initial discovery of the Manga Gold Prospect, we have been working hard behind the scenes to expand the licence package and cover the full extent of the highly prospective Okondeka Fault Zone. We are happy to report that this has now been achieved, and we look forward to continued exploration of this fundamental, long-lived structure further to the east. \"The gold mineralization in the Damara Belt is all controlled by long-lived, deep-seated structures which act as conduits for hydrothermal fluids. The Ongwe technical team has accumulated significant expertise and methodology for identifying these controlling faults, together ...