Deep-South Hires Ferrodrill to Drill the Haib Copper Project in the South of Namibia
Deep-South Hires Ferrodrill to Drill the Haib Copper Project in the South of
Namibia
VANCOUVER, British Columbia, Oct. 12, 2023 -- Deep-South Resources Inc. (" Deep-South" or “the Company") (TSX-V:
DSM) announces that it has entered into an agreement with Ferrodrill Namibia (Pty) Ltd in order to proceed with the drilling
program on the Haib Copper project in the south of Namibia. Ferrodrill is a Namibian drilling contractor providing full drilling
services since 2007 and has provided services to a large number companies from exploration to major mining companies. The
contract provides for 5,000 meters of diamond drilling. Drilling planning and preparation is on track and we will inform our
shareholders of the schedule and complete program in due course.
The specific focus of the drilling campaign is to drill the high-grade area of the deposit uncovered by Deep-South in 2019. The
program was planned to drill up to 10,000 meters in the area. The first 5,000 meters were drilled in 2021. However, the program
had been suspended when the Ministry of Mines and Energy of Namibia (the Ministry) has refused to renew the Exploration
and Prospecting Licence (EPL). This legal situation has been resolved and the licence was renewed on July 7, 2023. Deep-
South goal is to complete the remaining 5,000 meters and then proceed with a new resource estimation.
Previous drilling programmes point to the presence of higher copper grade zones, probably associated with near vertical
structures (shears and faults) within the broader mineralised areas of the project. The use of vertical drilling in the past
potentially missed those structures resulting in an underestimation of the overall grade. Our drilling program is focussing to
redress this through the use of inclined holes to identify and delineate these structures and test the association with higher Cu
grade zones. The results of the first 5,000 meters drilled in 2021 seem to support this updated interpretation, showing
substantial intersections at Cu grades considered high for Haib. Additionally, the presence of molydenum has been confirmed
with high Mo grades obtained in association with structures and alterations.
About Deep-South Resources Inc.
Deep-South Resources is a mineral exploration and development company. Deep-South’s growth strategy is to focus on the
exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable
countries. The Company holds the Haib Copper Project in Namibia and holds an interest in three exploration licenses in the
Copperbelt in Zambia. In using and assessing environmentally friendly technologies in the development of its copper projects,
Deep-South embraces the green revolution.
Qualified Person
Mr. Dean Richards Pr.Sci.Nat. , MGSSA – BSc. (Hons.) Geology, is the Qualified Person for the Haib Project as defined by
National Instrument 43-101 and has approved the technical disclosure contained in this news release.
More information is available by contacting Pierre Léveillé, President & CEO at +1-819-340-0140 or at:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.