The Tsemeb discovery was made in 1907 and the subsequent mine produced 30 million tons of ore yielding 1.7 million tonnes of copper grading 4.3 per cent, 2.8mt lead running at 10 per cent, 0.9mt zinc at 3.5 per cent and 80t germanium averaging 50 parts per million. It closed in 1996, after 90 years of operation.
The deposit was so rich that at least 56 different minerals were identified in the resource and it was the world’s best source of gem-quality dioptase crystals.
The Tsumeb deposit sits within carbonate rocks and represents the more common style of mineralisation in the area. In contrast, Golden Deep’s Nosib features a much rarer, fragmented, or clastic sediment-hosted mineralised style for the region, making it a particularly exciting prospect.
Beyond Namibia, the company is also actively exploring its Havilah project in Australia’s Lachlan Fold Belt, in central New South Wales. The region is known for its prolific copper-gold deposits.
The company’s recent drilling campaign at site yielded encouraging results, including a copper-zinc sulphide intersection of 84m grading 0.14 per cent copper equivalent.
With multiple exploration projects on the go domestically and internationally, Golden Deeps appears to be entering 2025 with high hopes of a significant discovery. Punters are likely to be keeping a close eye on the company, to see if it can kick off the year with a bang in Namibia.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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