Arcadia Minerals (ASX:AM7) announces that it instructed Hammerstein Mining and Drilling to execute a 526m reverse circulation (RC) drilling program at the Karibib Copper-Gold Project in Namibia.
The diversified exploration company, which is targeting a suite of projects aimed at tantalum, lithium, nickel, copper, and gold in Namibia, reports the drilling program is expected to consist of 9 drillholes drilled at a 60-degree inclination and at varied azimuths and depths dependent on the inferred geometry and geology of the targeted zone.
Dependant on whether visual mineralisation is encountered in drillholes, an additional 3 holes will be drilled.
On the 7 September 2021 the company announced results from a grab sampling program over an inferred 20km x 2km metasedimentary structural feature.
This structure contains similar geology than that encountered at the nearby Navachab Mine (5.3MozAu) and by various other explorers for gold mineralisation in the area, such as Osino Resources who developed its Twin Hills prospect (located 45km also within the Karibib gold belt) to contain a Mineral Resource of 2.1Moz Au.
Addressing drill program, Arcadia CEO Philip le Roux stated: “Our focus with this drilling program is to test the geological horizons identified from our previously announced grab sampling program and recent comprehensive mapping, which horizons are considered most prospective for mineralisation based on previously received results.
“Once drilling has been completed, we should know a lot more about the tenor of mineralisation to shallow depths”
Once drilling has been completed, we should know a lot more about the tenor of mineralisation to shallow depths, which may warrant further drilling.”
Arcadia is a Namibia-focused diversified metals exploration company, which is domiciled in Guernsey.
The company explores for a suite of gold and new-era metals (lithium, tantalum, palladium, nickel, and copper).
The company’s strategy is to bring the advanced Swanson Tantalum Project into production and then to use the cashflows (which may be generated) to drive exploration and development at the potentially company transforming exploration assets.
Images: Arcadia Minerals Ltd
