Antler Gold Further Consolidates Land Holdings in the Namibian 'Gold Corridor'
Antler Gold Further Consolidates Land
Holdings in the Namibian 'Gold Corridor'
Halifax, Nova Scotia--(Newsfile Corp. - March 20, 2024) - Antler Gold Inc. (TSXV: ANTL) ("Antler" or
"Company") is pleased to announce the expansion of its land holding in Namibia. Two additional
exploration licenses have been awarded to Antler by the Ministry of Mines and Energy of Namibia,
pending issuance of environmental clearance, as well as the renewal of Exclusive Prospecting Licenses
EPL-8010 and EPL-6408 (Erongo Central Gold Project).
Highlights
Two newly-awarded licenses, EPL-9134 and EPL-9135, expand the Paresis Gold Project land
package to ~812 km
2
(81,189 ha) within the highly prospective 'gold corridor' of Namibia (Figure 1
and Figure 2).
A gold project with high potential to host gold deposits similar to the Otjikoto Gold Mine (B2Gold),
the Ondundu Gold deposit, as well as recent discoveries such as the Eureka Gold Project (Osino
Resources) (Figure 1).
Additional potential on EPL-9134 for a Carlin-style gold deposit, referred to as the
Victory Gold
Target
, an area with a large regional-scale thrust fault and numerous base metal (copper, lead and
zinc) occurrences indicating a fertile mineral system (Figure 4).
The Erongo Gold Project, EPL-8010 and EPL-6408, bordering the Twin Hills Gold Project (Osino
Resources-Yintai Gold Corp.
[i]
), has been granted renewal for another two years.
"
We are pleased to announce the granting of new licenses, further strengthening Antler's presence in
the emerging Damara Gold Province, referred to as the gold corridor of Namibia. With access to
roughly 2,000 km
2
in the Central and Northern Zones of the Damara Belt, Antler is strategically
positioned to explore the significant potential of this region. Additionally, the renewal of EPL-8010 and
EPL-6408 solidifies our Erongo Gold Project, providing contiguous land adjacent to the Twin Hills
Gold Project recently acquired by Yintai Gold Corp. for C$368 million in an all-cash deal
i
. Our
commitment remains in maximizing shareholder value through strategic partnerships and ongoing
exploration efforts
," said Christopher Drysdale, CEO of Antler Gold Inc.
Figure 1: Antler's land holding relative to in-country peers B2Gold Namibia (pink), Osino
Resources Namibia (blue), and WIA Gold (green). Background image: ESRI Earth natural
colour satellite imagery.
To view an enhanced version of this graphic, please visit:
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Paresis Gold Project
The Paresis Gold Project is now made up of EPL-8711 (approx. 21,000 ha) and EPL-9135 (approx.
23,700 ha) situated between the towns of Otjiwarongo and Outjo, and EPL-9134 (approx. 36,400 ha)
situated ~7km west of the town Outjo (Figure 2 and Figure 3). The project area is ~300 km from the
capital Windhoek, in north central Namibia. Refer to News Releases dated
February 5, 2024
, and
September 14, 2023
, for more background on the Paresis Gold Project.
Figure 2: Paresis Gold Project area comprising EPL-8711, EPL-9135 and EPL-9134 (Victory
Gold Target) relative to in-country peers B2Gold Namibia (pink), Osino Resources Namibia
(blue), and WIA Gold (green).
To view an enhanced version of this graphic, please visit:
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Figure 3: Overview map of the Paresis Gold Project license EPL-8711 and new EPL-9135.
Relevant geological units (250K Geology Source: Geological Survey of Namibia) overlain on
ESRI Earth natural colour satellite imagery.
To view an enhanced version of this graphic, please visit:
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Victory Gold Target
The Victory Gold Target is located within the new EPL-9134 (approx. 33,472 ha), situated 7 km west of
the town Outjo, in north central Namibia, within the Northern Zone (NZ) and Northern Margin Zone (NMZ)
of the Damara Orogenic Belt (Figure 2 and Figure 4). With this conceptual project, Antler is targeting
Carlin-type/sediment-hosted disseminated gold in an area that has strong mineralization potential -
regional-scale thrust, faults, layered and folded permeable carbonate host rocks, and existing base
metal occurrences indicating hydrothermal activity.
Figure 4: Overview map of the new Victory Gold Target on license EPL-9134. Relevant
geological units (250K Geology Source: Geological Survey of Namibia) overlain on ESRI Earth
natural colour satellite imagery.
To view an enhanced version of this graphic, please visit:
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The EPL includes two of the tectonostratigraphic zones of the Damara Orogen, namely the NZ, and the
NMZ, a narrow zone between the southern edge of the Northern Platform (NP) and the northern edge of
the NZ (Miller, 2008)
[ii]
(Figure 5). The NZ comprises carbonates, schists and siliciclastics of the
Swakop Group, whereas the NMZ comprises deep-water carbonates of the coeval Otavi Group, and
siliciclastic rocks of the Mulden Group (Table 1), the highest stratigraphic unit of the Damara
Supergroup. Two glacial horizons, i.e. the Chuos and Ghaub diamictites, subdivide the Swakop and
Otavi Groups into subgroups (Table 1), providing distinct lithological and geochronological markers, but
outcrops of the Chuos within the EPL are poor.
The sequences have been multiply folded and faulted (local and regional-scale) during the Pan-African
Damara Orogeny during which the NZ has been thrust northwards onto Otavi, Mulden (NMZ) and pre-
Damara rocks along the NE-trending, km-scale, deep-seated regional Khorixas-Gaseneirob Thrust
(KGT), marking the edge of the NZ
(Miller, 2008).
This deformation history provides ample structural pathways, the right plumbing for superheated gold-
bearing hydrothermal fluid channelization up through the crust and into the highly-permeable carbonate
host rocks where it is potentially deposited as microscopic gold within pyrite. Gold-bearing hydrothermal
fluids also carry arsenic, mercury, antimony and thallium that are important pathfinder elements that will
guide exploration.
Both the NZ and NMZ are host to numerous mineral deposits, including in the NZ the Otjikoto Gold Mine
(B2Gold), the Ondundu and Eureka Gold Projects (Osino Resources) (Figure 1), the Okanjande
Graphite deposit (Northern Graphite), the Okorusu Fluospar Mine, and in the NMZ, the Kombat and Berg
Aukas polymetallic deposits, evidencing this geological environment's fertile nature.
Figure 5: Tectonostratigraphic zones of the Damara Orogen (Miller, 2008).
To view an enhanced version of this graphic, please visit:
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Table 1: Stratigraphy of the Victory Gold Project tenement.
Sequence
Group
Subgroup
Formation
Lithology
Namib
Bertram
Proto-Ugab terrace gravel
Karoo Intrusives
Wolffsgrund Gabbro
Mulden
Navachab
Sandstone, greywacke, conglomerate
Swakop (NZ)
Kuiseb
Schist
Karibib
Marble, limestone, schist, quartzite
Chuos
diamictite, iron-formation
Ugab
Orusewa
Schist, phyllite
Okotjize
Dolostone, schist, skarn
Damara
Supergroup
Otavi (NMZ)
Tsumeb
Huttenberg
Dolomite
Elandshoek
Massive and laminated dolomite
Ghaub
Diamictite
Abenab
Auros
Dolomite; minor shale and limestone
Gauss
Massive dolomicrite
Berg Aukas
Dolostone
Chuos
Diamictite; interbedded quartzite,
schist and marble
Pre-Damara Basement - Huab Metamorphic Complex
Quartz-mica schist, quartzite, quartz-
feldspar gneiss, migmatitic
About Antler Gold Inc.
Antler Gold Inc. (TSXV: ANTL) is a Canadian listed mineral exploration company focused on organic
royalty creation in Africa's Top-Ranked Jurisdictions. The Company continues to assess new regional
opportunities with the aim of building a risk diversified business model, that allows the Company to
generate short and long-term income whilst providing stakeholders with exposure to potential multiple
returns that are generated from the discovery process.
Qualified Person
The technical and scientific information in this presentation has been reviewed and approved by Oliver
Tors, B.Sc (Hons)., Exploration Manager of the Company, who is a registered Professional Natural
Scientist (Pr.Sci.Nat. No. 120660) with the South African Council for Natural Scientific Professions
(SACNASP)
and a Qualified Person as defined by NI 43-101. Mr. Tors is an employee of Antler Gold
Inc. and is not independent of the Company under NI 43-101.
Cautionary Statements
Information set forth in this news release contains forward-looking statements that are based on
assumptions as of the date of this news release. These statements reflect management's current
estimates, beliefs, intentions, and expectations. They are not guarantees of future performance. Words
such as "expects", "aims", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes",
"seeks", "estimates", "continues", "may", variations of such words, and similar expressions and
references to future periods, are intended to identify such forward-looking statements. Since forward-
looking statements are based on assumptions and address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Although these statements are based on information
currently available to the Company, the Company provides no assurance that actual results will meet
management's expectations. Risks, uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking information.
Futhermore, this
information is based on current expectations and assumptions (including assumptions relating to general
economic and market conditions) that are subject to significant risks and uncertainties that are difficult to
predict. Actual results may differ materially from results suggested in any forward-looking information.
Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, Antler Gold does not assume any
obligation to update forward-looking information in this release, or to update the reasons why actual
results could differ from those reflected in the forward-looking information unless and until required by
securities laws applicable to Antler Gold. Additional information identifying risks and uncertainties is
contained in the filings made by Antler Gold with Canadian securities regulators, which filings are
available at
www.sedarplus.ca
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information, please contact Christopher Drysdale, CEO of Antler Gold Inc., at +264
81 220 2439
[i]
https://osinoresources.com/wp-content/uploads/2024/02/2024_02_25_OSI-PR_-Yintai-FINAL.pdf
[ii]
Miller, R. M., 2008.
The Geology of Namibia.
s.l.:Geological Survey of Namibia.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/202401