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Golden Deeps intersects broad zones of high-grade vanadium at Abenab project

Following completion of the phase-I program in July, results have now been received for hole ABRCD011 drilled to a depth of 358 metres.

Golden Deeps Ltd - Golden Deeps intersects broad zones of high-grade at Abenab Vanadium, Lead and Zinc Project
The company plans to conduct additional drilling to delineate the extent of the surface mineralised material

Golden Deeps Ltd (ASX:GED) has intersected multiple broad zones of high-grade vanadium pentoxide along with lead and zinc at the Abenab project in north-eastern Namibia.

The company completed a five-hole diamond drilling program at the Abenab project in July 2019 which was designed to in-fill and extend the existing resource.

Assay results for four holes have now been reported leaving only the assay results for one further hole.

Hole ABRCD011 was drilled to a depth of 358 metres and over 80 metres of vanadium pentoxide mineralisation above the cut-off grade was intersected.

“Excellent results”

Chairman Michael Minosara said: “Assays from the resource definition drilling program at Abenab continue to generate excellent results.

“Hole ABRCD011 has intersected multiple wide intersections of vanadium mineralisation totalling more than 80 metres with an exceptional peak value of 7.84% vanadium pentoxide, the highest value so far from the Golden Deeps drill program.”

Multiple zones of brecciated dolomite and limestone with calcite fracture fill containing descloizite were intersected including:

  • 23 metres at 1.34% vanadium pentoxide, 3.33% lead and 1.25% zinc from 167 metres;
  • 16 metres at 0.56%, 1.30% and 053% from 274 metres; and
  • 15 metres at 0.29%, 0.65% and 0.32% from 292 metres.

80 metres of vanadium pentoxide

In total, the hole intersected more than 80 metres of vanadium pentoxide mineralisation above the cut-off grade of 0.2%.

A 1-metre interval from 186 metres returned an ‘exceptionally’ high-grade of 7.84% vanadium pentoxide, 19% lead and 6.52% zinc.

Results for ABRCD012, the final hole of the resource definition drill program are pending.

Additionally, 95 channel samples were taken from the south wall of the pit to follow-up encouraging vanadium intersections in holes ABRC019 and ABRC020.

Results of these samples are also pending and will be reported when available.

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Full interview: Golden Deeps boosts unique high-grade, low-cost vanadium...

Golden Deeps Limited (ASX:GED) chairman Michael Minosora updates Proactive Investors on the company’s unique high-grade, low-cost Abenab Vanadium Project in Namibia. Preliminary results from recent metallurgical testing has found significantly upgraded (x30) concentrate grades from existing...

on 28/8/19

2 min read