Deep-South Resources completes soil sampling programme on the Luanshya West and Chililabombwe projects in Zambia
Deep-South Resources Inc. announced that it had completed the soil sampling program on the Luanshya West project and on the Chililabombwe project. The program on the Mpongwe project has been postponed to 2023 due to difficult weather.
The program completed:
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Luanshya West Project (licence 23246)
1980 soil samples have been delivered to the laboratory for assays. The samples were collected on a regional grid of 500 x 100 and an infill grid of 100 x 100 metres. The program covered 3 targets where 5 large anomalies have been identified from soil sampling and geophysical survey results compiled by Teal in 2009. Assay results are expected during the month of January 2023 and will be disclosed to our shareholders in due course.
The licence is situated in the center of the Zambian Copper belt and covers 5,423.26 hectares (54.24 Sq. Km). The project area is close to established copper / cobalt mines with Chibuluma South mine some 10 kms north-east of the project area; Chambishi mine 41Km north-northeast, N’changa mine 53Km north-northwest and Luanshya mine some 40Km east-southeast from the centre of the project area.
A National Instrument 43-101 Standards of Disclosure for Mineral Projects (“43-101”) compliant technical qualifying report is available on SEDAR under Deep-South’s profile or on the Company’s web site.
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Chililabombwe Project (licence 23247)
124 soil samples have been delivered to the laboratory for assays. The samples were collected on a regional grid of 500 x 100 metres. Assay results are expected during the month of January 2023 and will be disclosed to our shareholders in due course.
In this particular area, due to their abundance, termite mounds will be sampled rather than digging sample holes. This is because termites bring material to the surface from considerable depth and therefore sample at a greater depth than a regular soil sample.
The licence is situated in the north of the Zambia Copper belt near the DRC border. The Large Exploration Licence covers 2,200 hectares (22.5 Sq, Km). The project is situated within 10 km of the Konkola Copper mine, one of the largest integrated copper mines in Zambia.
Mpongwe Project (licence 23248). The program on this licence has been postponed to 2023 due to difficult weather. The program will resume when weather allows and when the area is dry enough to enable sample collection. This licence is situated on the southern side of the Zambian Copper belt. The Large Exploration Licence covers 67,500 hectares (675 Sq. Km).
No Mineral Resources have been estimated on these projects as they have not demonstrated economic viability at this stage. The historical geophysical survey and sampling results demonstrate potential to classify the Luanshya West project as one of merit but are considered too speculative geologically to complete a NI 43-101 compliant resource estimation at this time and it is uncertain that those historic results will be converted into minerals resources.
