DME Discov. Met

 
TIDMDME 
 
AIM ANNOUNCEMENT 
 
Discovery Metals Limited 
 
New Strategic Kalahari Copperbelt Prospecting Licences 
Highlights: 
 ·         Four new strategically located prospecting licences in the Kalahari 
Copperbelt have been granted to Discovery Metals. 
 
 ·         New licences estimated to contain at least 250 km of the prospective 
horizon that is host to the copper deposits at Boseto. 
 
 ·         Historical soil geochemical data shows a 10 km long zone of anomalous 
copper of similar tenor as that at the Boseto Copper Project's Zeta Deposit. 
 
 ·         Kalahari Copperbelt landholding is now 11,872 km(2) containing 1,500 
strike kilometres of the prospective horizon. 
 
Discovery Metals Limited ('Discovery Metals' or 'Company') reports that it has 
been granted four new Prospecting Licences (PLs) in the Kalahari Copperbelt of 
North West Botswana (Figure 1).  These PLs, which cover "all metals", are 
situated within the vicinity of the D'Kar and Ghanzi communities and will be 
referred to by the Company as the D'Kar Prospecting Licences. 
 
Discovery Metals Managing Director, Brad Sampson, stated "Historical soil 
geochemical sampling identified a zone of anomalous copper more than 
10 kilometres long located on the same prospective horizon that hosts the 
copper-silver mineralisation discovered to date in the Kalahari Copperbelt. 
This anomalous zone sits within one of the four new contiguous PLs granted to 
Discovery Metals and provides an immediate exploration target in addition to the 
rest of the 250 kilometres of prospective horizon contained within these four 
PLs that remain largely unexplored." 
 
The D'kar PLs increase the Company's total landholding in the Kalahari 
Copperbelt to 11,872 square kilometres, containing in excess of 
1,500 kilometres of strike length of the prospective horizon (Figure 2).  The 
prospective horizon is located at the contact of the Ngwako Pan Formation and 
the D'kar Formation and is host to most of the known copper resources in the 
Kalahari Copperbelt in Botswana. In the early 2000s, Delta Gold Ltd completed a 
campaign of regional conventional soil geochemistry at approximately five 
kilometres spaced lines over portions of the Kalahari Copperbelt.  This work 
successfully identified copper in soil anomalism over the Zeta and the Banana 
Zone (Hana Mining) deposits.  This same phase of work also identified a copper 
in soil anomaly extending over 10 kilometres along the prospective horizon 
within the recently granted D'kar PLs.  One portion of this zone of anomalous 
copper is approximately 400 metres wide with nine sample points all exceeding 
100ppm copper (Figure 3). 
 
This zone of anomalous copper is located approximately 10 kilometres off the 
main Trans Kalahari Highway which links Botswana with the major port of Walvis 
Bay in neighboring Namibia to the west. 
 
Exploration work already completed by Discovery Metals indicates that sand cover 
across the majority of the D'Kar PLs is less than 25 metres and therefore 
standard soil geochemical methods are expected to be appropriate for the first 
phase of exploration. 
 
The Company's regional exploration programme in the Kalahari Copperbelt 
continues with a goal to discover new zones of copper-silver mineralisation that 
will form the basis for a new standalone mine in the region.  Exploration 
activity is anticipated to progress into the D'Kar PLs in the latter part of 
2012. 
 
Competent Persons Statement 
The information in this report that relates to Exploration Results is based on 
information compiled by Mr Fred Nhiwatiwa who is a Member of the Australasian 
Institute of Mining and Metallurgy (MAusIMM).  Mr Nhiwatiwa is a full-time 
employee of Discovery Metals Limited.  Mr Nhiwatiwa has sufficient experience 
which is relevant to the style of mineralisation and type of deposit under 
consideration and to the activity which he is undertaking to qualify as a 
Competent Person as defined in the 2004 Edition of the "Australasian Code for 
Reporting of Exploration Results, Mineral Resources and Ore Reserves" (JORC 
Code). 
 
Mr Nhiwatiwa consents to the inclusion in this report of the matters based on 
information provided by him and in the form and context in which it appears. 
 
Discovery Metals Background 
 
Discovery Metals is an ASX/AIM/BSE listed copper exploration and development 
company focused on the emerging Kalahari Copperbelt in northwest Botswana.  The 
Company is a near-term copper producer currently developing its 100% owned 
Boseto Copper Project towards production in the first half of 2012. 
 
The Kalahari Copperbelt sediment-hosted mineralisation of the Boseto Copper 
Project is similar in style to the well-known and large deposits of the Central 
African Copperbelt of Zambia and the Democratic Republic of the Congo. 
 
Discovery Metals now has prospecting licences covering 11,872 km(2) along the 
Kalahari Copperbelt. 
 
Further information on the Company including Mineral Resources and Ore Reserves 
is available on our website:  www.discoverymetals.com 
 
Forward looking statements 
 
This release includes certain statements that may be deemed "forward-looking 
statements".  All statements in this discussion, other than statements of 
historical facts, that address future activities and events or developments that 
Discovery Metals expects, are forward-looking statements.  Although Discovery 
Metals believes the expectations expressed in such forward-looking statements 
are based on reasonable assumptions, such statements are not guarantees of 
future performance and actual results or developments may differ materially from 
those in the forward-looking statements.  Factors that could cause actual 
results to differ materially from those in forward-looking statements include 
market prices, continued availability of capital and financing, and general 
economic, market or business conditions.  Investors are cautioned that any such 
statements are not guarantees of future performance and that actual results or 
developments may differ materially from those projected in forward-looking 
statements. 
 
For further information on this release and Discovery Metals Limited, please 
contact: 
 
Brad Sampson  Managing Director 
Ph: +61 7 3218 0222   brad@discoverymetals.com 
 
AIM Nominated Advisor - Fairfax I.S.  PLC, Contact Ewan Leggat/Laura Littley 
Ph: +44 20 7460 4389 or 7460 4387 
 
UK PR - Tavistock PR, Contact Jos Simson/Emily Fenton 
Ph +44 207 920 3150 or +44 778 855 4035 
 
 
 
Attachment: New Strategic Kalahari Copperbelt Prospecting Licences: 
http://hugin.info/137928/R/1587284/497884.pdf 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Discovery Metals Limited via Thomson Reuters ONE 
 
[HUG#1587284] 
 

Discov. Met (LSE:DME)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Discov. Met (LSE:DME)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024