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Golden Deeps Limited ( (AU:GED) ) just unveiled an announcement.
Golden Deeps has begun shallow diamond drilling at its Graceland Prospect in central Namibia, using a newly acquired man-portable rig to test beneath high-grade gossan and sulphide outcrops that have returned exceptional rockchip and channel sample grades of copper, silver, zinc, lead, germanium and antimony along a 2.5km by 1km mineralised corridor. The initial hole at the Gossan 1 East zone has already intersected highly mineralised core, while the company has completed an extensive IP-resistivity survey over most of the corridor, engaged an independent expert to review and model chargeability and resistivity anomalies, and is preparing a deeper drilling program aimed at defining Tsumeb-style critical metals sulphide targets, supported by ongoing soil and rockchip sampling that has extended the prospective strike to about 3km.
More about Golden Deeps Limited
Golden Deeps Limited (ASX: GED) is an exploration company focused on critical and base metals within its 440km² tenement package in Namibia’s Otavi Mountain Land Critical Metals Belt, near the world-class Tsumeb copper-silver-zinc-lead-germanium mine. The company targets high-grade copper, silver, zinc, lead, germanium and antimony mineralisation, aiming to delineate “Tsumeb-type” sulphide deposits in a region regarded as a globally significant critical metals district.
Average Trading Volume: 751,224
Technical Sentiment Signal: Buy
Current Market Cap: A$13.45M
For detailed information about GED stock, go to TipRanks’ Stock Analysis page.