Confirms First Kilometer-Scale Cobalt Anomalies at Kunene
Press Release
Namibia Rare Earths Inc.
Confirms First Kilometer-Scale Cobalt Anomalies
at Kunene
• Detailed analyses of archived soil samples have confirmed kilometer -scale
cobalt anomalies in the Western Targets area at Kunene
• Results pending over eastern DOF Extension and Okanihova Target areas
• Field teams following up with geological mapping and rock sampling
Halifax, Nova Scotia March 5, 2018 – Namibia Rare Earths Inc. (“Namibia Rare Earths”
or the “Company”) (TSXV:NRE) today announced that it has received positive results from
analyses of archived soil samples over the Western Targets area on the Kunene Cobalt -
Copper Project in northern Namibia . These results confirm kilometer-scale cobalt anomalies
previously inferred from a historic regional geochemical survey. Additional results are
pending from targets identified along the DOF Extension and the Okanihova Targets.
Namibia Rare Earths is conducting systematic exploration over an area of 2,142 km2 west of
the newly discovered stratabound Co-Cu discovery of Celsius Resources at Opuwo (Figure
1). The Western Targets area is one of three principal cobalt target areas at Kunene. The
three target areas were defined on the basis of soil geochemical surveys by previous
workers exploring for copper in 201 4 at a regional-scale sample spacing of 1 kilometer
(Company press release February 21, 2018) . Samples from those surveys were analysed by
ICP, which is an acceptable analytical method for cobalt . Subsequent ly, more detailed
sampling along selected lines at a spacing of 100 meters utilized handheld XRF data, which
provided reliable data for copper and other metals but was not reliable for cobalt. Namibia
Rare Earths is systematically re -analysing this archived database of over 12,000 soil
samples to obtain reliable data on cobalt. Regional anomalies are being confirmed by repeat
analyses of archived samples using ICP analytical methods for cobalt (Figure 2) . Sample
preparation and analytical work was provided by Activation Laboratories Ltd. (Windhoek,
Namibia and Ancaster, Ontario) employing ICP techniques following strict internal QAQC
procedures inserting blanks, standards and duplicates.
In t he Western Target s area these anomalies extend over strike lengths of up to 7
kilometers in basement rocks (high grade metamorphic gneisses and amphibolites) proximal
to thrust contacts with younger sedimentary rocks, and for over 1 -3 kilometers in
favourable sedimentary horizons (black shales and dolostones). Basement-related
anomalies (20-50 ppm Co) can be quite broad , up to 2 kilometers wide , and are related to
large-scale alteration systems. Cobalt anomalies a re lower level (20 -30 ppm) in
sedimentary horizons and more restricted which is consistent with the exploration model
developed for the stratabound Dolostone Ore Formation (“DOF”) Co-Cu targets which may
be only 5-10 meters in thickness and occur in black shales and dolostone horizons.
2
Field teams are currently conducting geological mapping and rock sampling over these
anomalous areas.
Figure 1 – Kunene Co-Cu Project Area showing principal targets associated with DOF Horizon, structural
lineaments, and regional soil geochemical anomalies (cobalt). Detailed results confirming Western Targets shown in
Figure 2.
Figure 2 – Comparison of cobalt ICP soil anomalies from regional grid sampled in 2014 (left) and from detailed
grid reported March 5, 2018 (right). Regional sample lines are 1 km apart with sample spacing of 1 km. Detailed
grid sample lines are 1 km apart with alternating sample spacing of 500 m and 100 m along sample lines.
3
The Kunene project area is contiguous with ground being actively explored for cobalt by
ASX-listed Celsius Resources (Figure 1). The recognition of stratabound cobalt
mineralization associated with low grade copper and zinc mineralization in black shales in
the Kunene region by Gecko Exploration has formed the cornerstone of Celsius Resource s’
current drilling program at Opuwo . Celsius is undertaking a 15,000 m eter drilling program
to develop a JORC compliant mineral resource to support their stated “Initial Exploration
Target of between 33 and 41 million tonnes, grading approximately 0.13% - 0.17% cobalt
and 0.45% - 0.65% copper” (Celsius press release dated May 18, 2017). It is noted that the
potential quantity and grade of this Initial Exploration Target is conceptual in nature, and
that there has been insufficient exploration to estimate a M ineral Resource, and it is
uncertain if further exploration will result in the estimation of a Mineral Resource.
Donald M. Burton, P.Geo. and President of Namibia Rare Earths Inc., is the Company’s
Qualified Person and has reviewed and approved this press release.
About Namibia Rare Earths Inc.
Namibia Rare Earths Inc. is focused on the accelerated development of the Lofdal Rare
Earths Project and on building a critical metals portfolio in Nam ibia. The common shares of
Namibia Rare Earths Inc. trade on the TSX Venture Exchange under the symbol “NRE”.
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.
For more information please contact -
Namibia Rare Earths Inc.
Don Burton, President
Tel: +01 (902) 835-8760
Fax: +01 (902) 835-8761
Email: [email protected]
Web site: www.NamibiaRareEarths.com
The foregoing information may contain forward-looking information relating to the future performance of Namibia Rare Earths Inc. Forward -
looking information, specifically, that concerning future performance, is subject to certain risks and uncertainties, and actual results may differ
materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate securities commissions.
-30-