Deep-South Hires Mintek of South Africa and Mets Engineering of Australia FOR Metallurgical Test Work ON ORE from Its Haib Copper Project IN Namibia
Suite 162, 2912 West Broadway, Vancouver, British Columbia, V6K 0E9
Tel : 604-340-0140. E-mail : [email protected]
Web site: http://www.deepsouthresources.com
DEEP-SOUTH HIRES MINTEK OF SOUTH AFRICA AND METS
ENGINEERING OF AUSTRALIA FOR METALLURGICAL TEST
WORK ON ORE FROM ITS HAIB COPPER PROJECT IN
NAMIBIA
Vancouver, B.C., Canada – APRIL 11, 2019 – Deep-South Resources Inc.
("Deep- South" or “the Company") (TSX-V: DSM) announces that it has entered
into an agreement with Mintek of South Africa in order to conduct metallurgical test
work on stockpile material from the Haib Copper Project in Namibia. The test work
program is managed by METS Engineering of Australia.
The aim of the program is to test the amenability of the ore to microbially-assisted
heap leaching. The test work will be conducted on 1 ton samples and will produce
data for an eventual commercial pilot heap leach test.
Since 2003 heap leaching technologies have evolve d substantially. Since 2014
Codelco has successfully used microbially-assisted heap leaching on copper
sulfide ore containing chalcopyrite at their Radomiro Tomic mine in Chile. BHP has
also piloted microbial-assisted heap leaching on the same type of ore at their
Spence mine in Chile.
The program will also focus on testing the amenability of High Pressure Grinding
Rolls (HPGRs) and test the acid consumption of the heap leaching process. The
test work will commence in the coming days.
About Mintek:
Mintek is South Africa’s national mineral research organisation established in 1934
to assist in ensuring sustainable growth in the minerals and metal industries through
research, development & innovation (RDI). The organisation has grown over the years
into an internationally competitive, respected research and development centre of
metallurgical and mineral processing technologies. Mintek’s Biotechnology Division has
been involved in the development of tank and heap bioleaching technologies for over 30
years. Mintek also specializes in hydrometallurgy, including leaching, precipitation,
solvent extraction and electrowinning. You can visit Mintek at : https://www.mintek.co.za
About METS :
Established in 1988, Mineral Engineering Technical Services provides a range of
services in the fields of Minerals processing, hydrometallurgy and pyrometallurgy. METS
is the engineering company that produced Deep-South’s Preliminary Economic
Assessment (PEA) disclosed on February 26, 2018. You can visit METS at :
https://www.metsengineering.com
Mr. John Akwenye, Chairman of Deep-South stated, “We are very happy to have
the opportunity to work with these world renowned specialists. We are confident
they will be instrumental in the development of the Haib Copper Project.”
Private Placement
The Company will proceed with a non-brokered private placement for gross proceeds of
up to $500,000 (“the Offering”).
The non-brokered private placement will comprise up to 5,000,000 units (the “Units”) of
Deep-South, at a subscription price of $0.10 per Unit. Each Unit will consist of one (1)
common share and one half (1/2) of one common share purchase warrant (“Warrant”) of
Deep-South. Each full Warrant will entitle the holder thereof to purchase one (1) Deep-
South common share at an exercise price of $0.20 during a period of thirty-six (36)
months from the date of closing of the placement. Each security issued pursuant to the
placement has a mandatory four (4) months holding period from the date of closing of
the placement.
The private placement is subject to the approval of the TSX Venture Exchange.
About Deep-South Resources Inc.
Deep-South Resources Inc. is a mineral exploration company largely held by
Namibian shareholders and Management with 17% and Teck Resources Ltd with
28% of Deep-South share capital. Deep-South currently holds 100% of the Haib
Copper project in Namibia, one of the largest copper porphyry deposits in Africa.
Deep-South’s growth strategy is to focus on the exploration and development of
quality assets, in significant mineralized zones, close to infrastructure, in stable
countries.
This press release contains certain "forward -looking statements," as identified in Deep - South’s
periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements.Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that te rm is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
More information is available by contacting Pierre Léveillé, President & CEO at
+1-819-340-0140 or at: [email protected] or
Paradox Public Relations at +1-514-341-0408.