Golden Deeps Limited has commenced a deeper diamond drilling program at the Graceland discovery in Namibia, targeting high-priority Induced Polarisation sulphide targets down-plunge of the Gossan 1 and Gossan 1 East zones.

The campaign follows new shallow diamond drilling results that confirm the down-dip continuity of mineralised zones beneath surface gossan outcrops within the Otavi Mountain Land Critical Metals Belt. Assay results from the recent shallow holes include intersection GLBPD007 at Gossan 1 East returning 4.48 metres at 4.0% copper equivalent from 2.52 metres depth, including a 1.12-metre interval grading 8.16% copper, 270.4 grams per tonne silver, 1.40% zinc, 0.25% lead, and 9.5 grams per tonne germanium.

Additional shallow drilling at Gossan 1 in hole GLBPD009 yielded 8.20 metres at 3.5% copper equivalent from 6.8 metres depth. This interval included a 2.12-metre subsection grading 0.25% copper, 64.1 grams per tonne silver, 10.32% zinc, 4.31% lead, and 56.2 grams per tonne germanium, alongside higher-grade sub-intervals containing up to 23.18% zinc and 118 grams per tonne germanium.

“We are very pleased to have commenced our deeper diamond drilling program at the exciting Graceland discovery in Namibia - to test the high-priority critical metals targets identified within the Gossan 1 corridor by our previous systematic exploration programs, which have included rock chip and channel sampling, shallow drilling and IP surveys.”

— Jon Dugdale, CEO

Golden Deeps holds the Central Otavi project through its 80%-owned subsidiaries Huab Energy and Metalex Mining and Exploration, covering six Exclusive Prospecting Licences across more than 440 square kilometres. The Graceland drill targets share a structural and geochemical setting with the historic Tsumeb deposit, located 30 kilometres to the north, which produced 27 million tonnes at 4.3% copper, 10% lead, 3.5% zinc, 95 grams per tonne silver, and 50 grams per tonne germanium.

The initial phase of the deeper program involves ten diamond drill holes testing down-plunge extensions and chargeable IP anomalies beneath the gossan zones. Golden Deeps will subsequently conduct a Stage 2 program to test deeper extensions of the Gossan 1 and Gossan 1 East targets below 100 metres depth, as well as the Gossan 1 Far East target. The company plans to release ongoing assay newsflow over the coming months as the drilling proceeds.

Read the full announcement: Deeper Drilling Testing High-Grade Targets at Graceland