Golden Deeps set to rock and roll at Gracelands with deeper drilling

• Drilling to test IP-sulphide targets
• Access and site preparations in progress
• Drilling rig contracted for deeper diamond drilling
• Stage one to include 10 diamond drillholes within the top 100m

Golden Deeps (ASX:GED) is on target to commence a new, deeper diamond drilling program at the Graceland prospect within the company’s 440 sq. km tenement holdings in Namibia’s world-class Otavi Mountain Land critical metals belt.

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The program will test ‘Tsumeb-type’ sulphide targets within the 800m strike-length Gossan 1 corridor with a focus a key IP-chargeability anomaly with sulphide targets below Gossan 1 and Gossan 1 East in the top 100m.

These gossan zones have already produced exceptional copper, silver, zinc, germanium and antimony results from channel sampling and initial shallow drilling.

CEO, Jon Dugdale, said stage two of the program will test deeper extensions of the Gossan 1 and Gossan 1 East IP/sulphide targets, below 100m, and also test the Gossan 1 Far East IP target, the largest and strongest IP anomaly detected.

“We are delighted to have secured a diamond drilling rig capable of testing the high-priority ‘Tsumeb-type’ targets within the Gossan 1 highly mineralised corridor at the company’s Graceland prospect,” Mr Dugdale.

“This drilling will follow-up on the spectacular high-grade rockchip, channel sampling and shallow drilling results already received to date.

“This new diamond drilling will initially test sulphide target zones below and down-plunge of the Gossan 1 and Gossan 1 East very high-grade mineralised zones, where the results of the company’s IP geophysical survey have highlighted potential sulphide deposits in a similar setting and geometry to the world-class Tsumeb deposit, just 30km to the north.”

The first stage of drilling is set to commence in the coming weeks.

“Our ongoing shallow diamond drilling program has intersected further strongly mineralised zones which continue below the very high-grade copper-zinc-silver-lead-germanium bearing gossans, with assays pending. These new mineralised intersections add to our confidence as we embark on our deeper drilling phase at the Graceland discovery.”

Three new shallow diamond drillholes (assay results pending) have now intersected down-dip extensions to the strongly-mineralised gossan/sulphide zones at Gossan 1 and Gossan 1 East. The mineralisation intersected is associated with strongly veined and brecciated fault zones, a similar setting to the world-class Tsumeb deposit, 30km to the north, which produced 27 million tonnes (Mt) at 4.3% copper, 10% lead, 3.5% zinc, 95 grams per tonne (g/t) silver and 50 g/t germanium.

Golden Deeps holds 440 sq. km of tenements in the Otavi Mountain Land, with the same geological setting as Tsumeb. The project sits northeast of Midas Minerals’ Otavi copper-silver project where high-grade copper-silver intersections and resources occur in the same setting as the Golden Deeps’ prospects,

GED was steady at 4.0¢ with a Mkt cap of $9.120M prior to markets opening.

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