MSA to update Deep-South’s Haib project mineral resource estimate
Mineral exploration and development company Deep-South Resources has reappointed South African technical consultancy the MSA Group to produce an updated National Instrument (NI) 43-101-compliant mineral resource estimate (MRE) for the company’s 100%-owned Haib copper project, in Namibia.
The mandate of MSA includes site visits to verify data collection, quality assurance and controls, develop a structural geological model in collaboration with Deep-South’s geological team, assess the presence of domains and model these domains in three dimensions, complete a geostatistical study for each domain and issue an updated NI 43-101 MRE.
The mandate of MSA was previously interrupted when the Namibia Ministry of Mines refused to approve the renewal of the Haib copper licence in 2021. However, after a long court battle, the Ministry earlier this year renewed the licence.
The new MRE and subsequent technical report will follow the completion of a drilling programme that was stopped in June 2021.
There are still 5 200 m of drilling to be completed.
"We are pleased to have re-engaged MSA. Their vast experience will help to enhance an already robust project and unlock further value while reducing risk for our shareholders. With the backdrop of a strong copper price, we are highly optimistic for the coming years that Haib will garner additional interest from investors and other interested parties,” states Deep-South president and CEO Pierre Leveille.
MSA has already started reviewing the historical drilling data in order to specify the additional drilling needed to produce the MRE.
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