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Halifax, Nova Scotia–(Newsfile Corp. – Might 25, 2022) – Antler Gold Inc. (TSXV: ANTL) (“Antler” or the “Firm“) is happy to supply an replace on acitivites on its tasks in Namibia and Zambia.
Onkoshi Undertaking, Namibia
The Firm anonuced on April 13, 2022 that it and its wholly owned subsdiary, Antler Gold Namibia (Pty) Ltd. (“Antler Namibia”) had entered right into a binding settlement dated April 13, 2022 to accumulate 90% of the Onkoshi Gold Undertaking (the “Undertaking”) in Namibia (the “Settlement”) from an arm’s size vendor. The Undertaking will likely be held in Antler’s undertaking era automobile (“Undertaking Generator”) owned 87.5% by Antler and 12.5% by Sherpa Useful resource Holdings Ltd. (see Antler Press Launch dated March 24, 2022 for particulars). The Onkoshi Gold Undertaking, beforehand recognized by the Erindi and Vredelus Tasks, is taken into account to rank as the most effective gold targets in Namibia, arguably alongside the B2Gold’s Otjikoto deposit (2004, Robertson, M.).
The Undertaking is positioned roughly 140km northwest of Windhoek and covers extremely potential areas of the Damara Cell Belt for gold and shares important similarities to B2Gold’s Otjikoto deposits. The undertaking has had a major quantity of historic work carried out over it which has efficiently delineated open-ended mineralization with an interpreted mixed strike size within the order of 5.5 km. A desktop evaluation of all historic knowledge has commenced by Undertaking Generator. As well as, the Firm has begun the environmental work which is able to type a part of the Environmental Compliance Certificates (“ECC”) software. The corporate has additionally commenced negotiations with the varied floor proper house owners encompased by the EPL to safe entry for exploration activites.
Determine 1 under reveals the mixed 5.5 km remanent magnetic anomaly related to the Undertaking. This remanent magnetic anomaly has a footprint related in measurement to that of B2 Gold’s Otjikoto deposit.
2004, Robertson, M., QUALIFYING REPORT AND VALUATION OF EXPLORATION PROPERTIES IN NORTH-CENTRAL AND NORTHWESTERN NAMIBIA HELD BY BAFEX EXPLORATION (PTY) LTD. Report ready for Helio Capital Company, NI 43-101 Technical Report, Steffen, Robertson and Kirsten (South Africa) (Pty) Ltd.
Determine 1: Remanent magnetic anomaly outlined from historic magnetic surveys have an interpreted mixed strike size within the order of 5.5 km. For comparability functions, the footprint of B2 Gold’s Otjikoto deposit remanent anomaly is illustrated (observe that it is a measurement comparability solely and doesn’t symbolize the precise locatity of the Otjikoto deposit).
To view an enhanced model of this graphic, please go to:
https://orders.newsfilecorp.com/recordsdata/5124/125256_antler_figure1.png
Desk 1 under comprises earlier drill holes reported in a NI 43-101 report accomplished in 2004 by Michael Robertson for Helio Capital Company (2004, Robertson, M) (“Helio Technical Report“). Be aware that the outcomes under are historic and haven’t been verified by Antler.
Desk 1: Abstract of Rossing Uranium Ltd. greatest RC drill and diamond drill intersections calculated at a cut-off of 0.5 g/t Au.
|
Drillhole |
Depth (m) |
Intersection |
|
ERRC 18 |
12-23 |
9.53 g/t Au over 11 m |
|
ERRC 23 |
51-56 |
3.04 g/t Au over 5 m |
|
and |
60-67 |
4.88 g/t Au over 7 m |
|
ERRC 25 |
26-38 |
3.09 g/t Au over 12 m |
|
ERD 2 |
11.18-23.53 |
5.54 g/t Au over 12.35 m |
|
ERD 3 |
5.92-12.34 |
3.27 g/t Au over 6.42 m |
|
and |
70.64-75.64 |
12.85 g/t Au over 5 m |
Vital exploration potential exists on the Undertaking, as outlined within the Helio Technical Report and primarily based on the preliminary evaluation of the Undertaking knowledge by Distant Exploration Companies (Pty) Ltd. (“RES“) on behalf of the Undertaking Generator, and contains:
-
Restricted historic work over the strike extents of each the historic Erindi and Vredelus Prospects and gives speedy exploration targets;
-
Quite a few important gold in rock and gold in soil anomalies found throughout historic sampling campaigns weren’t adopted up with any extra exploration work;
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Historic analytical decrease limits of detection for gold have been within the order of 20 ppb and thus potential gold mineralisation with a floor expression of lower than 20 ppb wouldn’t have been delineated by the historic soil sampling campaigns; and
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Mineralisation on the Undertaking has been proven to be conductive and magnetic and is due to this fact appropriate for detection by each magnetic and electrical geophysical survey methods.
Erongo Undertaking, Namibia
The Erongo Undertaking covers extremely potential areas of the Damara Cell Belt for gold and overlies related lithologies and constructions as Osino Sources’ Twin Hills deposit.
The Firm introduced on August 4, 2021 the identification of a gold in calcrete anomaly (over 5 ppb Au with a peak worth of 45 ppb) supported by a coincidental magnetic anomaly within the north east portion of the C2 Ext sampling grid (Determine 2). Because of the pervasive calcrete cowl thickness, that is interpreted to symbolize a major gold anomaly as thick calcrete horizons normally act as limitations to soil geochemical dispersions. Primarily based on the success of this sampling, a further goal space was outlined south of C2 (“C2 S”) that’s underlain by important geophysical magnetic anomalies straight alongside strike of the Twin Hills deposit (Determine 2). The Firm has collected 1,532 soil and calcrete samples (inclusive of QAQC) from C2 S and is presently awaiting assay outcomes.
Determine 2: Place of the C2 Ext gold in calcrete anomaly and the C2 S sampling grid underlain by important magnetic anomalies straight alongside strike type Osino Sources’ Twin Hills deposit.
To view an enhanced model of this graphic, please go to:
https://orders.newsfilecorp.com/recordsdata/5124/125256_antler_figure2.png
Kesya REE Undertaking, Zambia
On August 6, 2021, the Firm introduced it has entered right into a binding letter settlement with an arm’s size vendor to accumulate the Kesya Undertaking, a greenfields uncommon earth undertaking in Zambia.
The Undertaking being acquired from the Vendor comprises a carbonatite which was first recognized within the 1960’s within the Kafue district in southern Zambia. The Firm has efficiently entered into land entry agreements with the varied conventional authorities to permit work within the chiefdoms which are positioned inside the boundaries of the Kesya Undertaking. Subsequently, the Firm has employed an unbiased environmental administration agency to compile the Environmental Undertaking Transient (EPB). This work commenced in September 2021. The preliminary web site go to by the Zambia Environmental Administration Company (ZEMA) has taken place.
A reconnaissance mapping and sampling marketing campaign to try to confirm historic exploration outcomes has been accomplished over a small portion of the Kesya carbonatite. In complete, 65 laborious rock seize samples (inclusive of QAQC) have been collected in an effort to preliminarily examine traditionally reported complete uncommon earth oxides grades inside the carbonatite and determine areas of potential enrichment.
Samples have been exported from Zambia and processed at Actlabs Canada utilizing course of code 8-REE which is a lithium metaborate/tetraborate fusion approach with subsequent evaluation by ICP-OES and ICP-MS. Assay outcomes from floor seize samples returned TREO grades of as much as 0.66 % TREO together with elevated thorium and phosphorous, that are indicative geochemical signatures for a carbonatite system. All floor weathered carbonatite samples returned grade larger than 0.1 % TREO. Of observe is the heavy weighting of 33 % NdPr as proportion of the TREO basket throughout the samples. Petrographical research recommend an Nd wealthy monazite-(Nd) because the potential host of the REE deportment.
The Firm plans additional mapping and sampling in addition to petrographic work on rock seize samples collected to this point to determine the REE mineralogy affiliation. A scout RC program can also be being thought of to analyze potential modifications in minerology at depth.
Future Plans
The Firm is presently reviewing a number of alternatives for Antler Gold PG in addition to for the Firm’s wholly owned subsidiaries in Namibia and Zambia.
Certified Particular person
Peter Hollick, BSc. (Hons), is a Consulting Geologist at RES and has reviewed and authorized the scientific and technical info on this information launch. Mr. Hollick is a registered Skilled Pure Scientist with the South African Council for Pure Scientific Professions (Pr. Sci. Nat. No. 400113/93) and a Certified Particular person for the needs of Nationwide Instrument 43-101.
About Antler Gold Inc.
Antler Gold Inc. (TSXV: ANTL) is a Canadian firm, centered on the acquisition and exploration of gold tasks in Namibia, Zambia and Africa each by its wholly owned subsidiary and thru Antler Gold PG, an organization owned by Antler and Sherpa Useful resource Holdings, an organization associated to Distant Exploration Companies, one of many premier mineral exploration contractors in Africa. Antler is presently engaged on the Onkoshi Gold Undertaking in addition to the Erongo Gold Undertaking, each of which cowl areas of the Central Damara Belt, and share geological similarities to the areas containing the recognized Namibian Gold mines (QKR’s Navachab and B2 Golds’ Otjikoto) in addition to Osino’s latest Twin Hills discovery. Namibia is acknowledged as one in all Africa’s most politically steady jurisdictions, with an especially well-established nationwide infrastructure.
Additional particulars can be found on the Firm’s web site at www.antlergold.com.
Cautionary Statements
This press launch could include forward-looking info, akin to statements relating to the acquisition of the Onkoshi Gold Undertaking in Namibia by Antler and future plans and goals of Antler, together with the acquisition of recent tasks in Africa. This info relies on present expectations and assumptions (together with assumptions in reference to the continuance of the relevant firm as a going concern and basic financial and market situations) which are topic to important dangers and uncertainties which are tough to foretell, together with dangers referring to the flexibility to fulfill the situations to finish transactions, exploration programmes and fund acquisitions in Africa. Precise outcomes could differ materially from outcomes advised in any forward-looking info. Antler assumes no obligation to replace forward-looking info on this launch, or to replace the the reason why precise outcomes may differ from these mirrored within the forward-looking info until and till required by relevant securities legal guidelines. Further info figuring out dangers and uncertainties is contained in filings made by Antler with Canadian securities regulators, copies of which can be found at www.sedar.com.
Neither TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
For additional info, please contact Daniel Whittaker, President and CEO of Antler Gold Inc., at (902) 488-4700 or Chris Drysdale, VP at +264 81 220 2439.
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/launch/125256
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