VANCOUVER,
Feb. 20, 2013 /CNW/ - Kombat
Copper Inc. (the "Company") (TSX.V: KBT) is pleased to report
high grade copper and silver results from its diamond drill core
re-sampling program from the historic Asis Far West ("AFW")
mineralised zone in Namibia. The
best result to date is from diamond drill hole AW101A
returning 10 meters of 8% copper and 124 g/t silver, including 6
meters of 12.98% copper and 205 g/t silver and 1 meter of 29.7%
copper and 457 g/t silver. The table below lists the balance of
significant assays and the attached diagram shows the location of
the samples within the AFW zone and their proximity to the
exploration shaft.
Mr. Alexander
Helmel, the Company's President states: "The results of this
re-sampling program is confirmation of the presence of high grade
copper and silver mineralisation in the AFW zone and management is
pleased with the correlation, although lower, between mine run
assays to the more stringent analytical procedures used to date. In
conjunction with our deep drilling program which is underway at
this time, we are confident that we will quickly deliver a NI43-101
compliant resource for the AFW zone."
The AFW zone was the primary copper and silver
exploration target when the Kombat Mine was closed in early 2008.
Deep diamond drilling programs carried out from surface had defined
a series of mineralised blocks up to 900 metres below the surface
and 1.5 km along strike from the main Kombat mine workings
representing the western edge of the continuation of the main
Kombat mineralized zone. A modern exploration and production
shaft - the AFW shaft - was sunk at a cost of ~$USD30 million to a
depth of 800 metres and was commissioned in 2006 to access
mineralised intersections defined by others and provide a platform
for continuing exploration underground in order to economically
expand and build on the mineralised blocks.
Significant intercepts from the re-sampling
program are listed in the following table:
Significant Assays from Historic Asis Far West Diamond Drilling
Re-sampling |
Hole |
From (m) |
To (m) |
Width (m) |
Cu (%) |
Ag (g/t) |
|
|
|
|
|
|
AW90A |
527.00 |
530.20 |
3.20 |
7.66 |
25.8 |
(includes) |
528.00 |
529.00 |
1.00 |
21.60 |
72.5 |
|
|
|
|
|
|
AW90B |
482.00 |
485.00 |
3.00 |
1.52 |
7.8 |
|
|
|
|
|
|
AW95C |
598.00 |
605.00 |
7.00 |
* |
34.7 |
(includes) |
601.00 |
603.00 |
2.00 |
4.37 |
106.0 |
|
|
|
|
|
|
AW98C |
705.30 |
715.00 |
9.70 |
1.60 |
* |
(includes) |
709.30 |
713.10 |
3.80 |
3.31 |
33.5 |
|
|
|
|
|
|
AW101A |
735.00 |
745.00 |
10.00 |
8.09 |
124.1 |
(includes) |
739.00 |
745.00 |
6.00 |
12.98 |
205.3 |
(includes) |
741.00 |
742.00 |
1.00 |
29.70 |
457.0 |
|
|
|
|
|
|
AW105E |
878.00 |
883.00 |
5.00 |
* |
4.1 |
(includes) |
880.00 |
882.00 |
2.00 |
1.70 |
4.8 |
|
|
|
|
|
|
AW105G |
711.00 |
720.00 |
9.00 |
1.84 |
23.2 |
(includes) |
714.00 |
718.80 |
4.80 |
2.93 |
39.2 |
|
|
|
|
|
|
AW108A |
850.00 |
858.00 |
8.00 |
* |
10.4 |
(includes) |
854.00 |
856.00 |
2.00 |
2.73 |
26.5 |
|
|
|
|
|
|
AW114 |
1081.00 |
1088.80 |
7.80 |
* |
8.6 |
(includes) |
1082.00 |
1084.00 |
2.00 |
0.80 |
12.5 |
|
|
|
|
|
|
AW118B |
876.00 |
885.30 |
9.30 |
* |
10.9 |
(includes) |
878.40 |
881.00 |
2.60 |
1.09 |
19.0 |
* Values not significant
Overall, the new certified copper assay values
are approximately 20% lower than the historic uncertified copper
assay values prepared by the mine during operation with some
outliers higher and some lower occurring probably as a result of
the high grade nature of the core. Silver assays had a closer
correlation than the copper assays which were both closer than the
lead correlations.
Lead values in the AFW zone are low when
compared to the more galena rich ore found in the Asis West and
more eastern deposits. The Company has also completed initial
drilling in the shallow lead-rich "lead shell" which is located at
surface approximately 3km to the east of AFW on the eastern edge of
the deposit. Results from this program will be released once
the entire laboratory analysis has been received and Company
geologists have completed their review.
Sampling and Analytical Method
The Company located several of the diamond drill
holes from the historic AFW drilling and with as much care as
possible, made every attempt to duplicate the original sampling.
The reader is cautioned that all widths reported are "drill widths"
and not "true widths." All core from the historic AFW holes
was quartered on site by means of a core saw. One hundred seventeen
(117) samples of mineralized sections of this quarter core totaling
102.70 metres were sent for analysis to confirm original assays.
Following standard practices, Company geologists inserted a
standard and blank in every batch of twenty samples. The
samples were submitted to Bureau Veritas ("BV") laboratory in
Swakopmund, Namibia, an ISO 17025
certified laboratory in late Q4, 2012 and analyzed for 28 elements
by a combination of MS-ICP and OES-ICP.
The laboratory protocol involves a
grinding/pulverizing stage that ensures 85% of the material will
pass through a 75 micron sieve. Following this, a 0.15 gram sample
is subjected to mixed acid (total) digestion and then analyzed for
Cu, Pb, Zn and Ag along with 24 other elements by a combination of
ICP-MS and OES-MS. The laboratory inserts internal standards
and blanks along with duplicates with a blank at the beginning of a
run and thereafter every 90 samples to ensure 1 to 2 internal
standards and 1 to 2 duplicates every 30 samples.
Qualified Person
Mr. Colin
Russell, P.Geo., the Qualified Person as defined by National
Instrument 43-101, is responsible for the design of the program,
and all exploration work on the Kombat Project will be done under
his supervision. Mr. Russell has read and approved the
technical content of this news release.
About Kombat Copper Inc.
Kombat Copper (TSX-V : KBT) is a publicly traded
Canadian exploration and development company with its core
operations focused on copper resources in Namibia, one of the world's most prospective
copper regions, where it has substantial assets in place with
significant exploration upside.
The Company holds an 80% interest in five mining
licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade
copper deposits. Within these licenses are three
past-producing mines including the Company's flagship property: the
past-producing Kombat Mine. The Kombat mine's extensive
infrastructure includes an 800m exploration shaft which was opened
in 2006, three recently-operational shafts, ramp systems, extensive
underground workings, mine buildings, a tailings facility, a mill
and concentrator (replacement value est +$100MM) all supported by
the Company's local townsite. The Kombat mine originally
opened in 1962 and historically produced ~8.7 million tonnes of ore
grading 3.3% Cu and is linked to vital existing infrastructure,
including power, water, roads, and rail with close proximity to the
port of Walvis Bay and to one of only five commercial-grade
smelters in Africa located in
Tsumeb.
In addition to mining licenses, the Company
holds an 80% interest in five Exclusive Prospecting Licenses
("EPL's") covering an area of more than 2200 km2. The EPL's
are located also within the copper-rich Otavi Mountainlands and are
in close proximity to Tsumeb.
All statements in this news release, other than statements of
historical fact, that address events or developments that Kombat
Copper Inc. expects to occur, are "forward-looking statements".
Forward-looking statements are necessarily based on estimates and
assumptions that are inherently subject to known and unknown risks,
uncertainties and other factors that may cause Kombat Copper Inc.'s
actual results, performance or achievements to be materially
different from those expressed or implied by such forward-looking
statements. Such factors include, without limitation: significant
capital requirements and the ability to raise equity capital; the
risks of obtaining and maintaining the validity and enforceability
of the necessary licenses and permits and complying with the
permitting requirements in, Namibia; the lack of certainty with respect to
foreign legal systems, which may not be immune from the influence
of political pressure, corruption or other factors that are
inconsistent with the rule of law. Forward-looking statements are
not guarantees of future performance, and actual results and future
events could materially differ from those anticipated in such
statements. Kombat Copper Inc. expressly disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, events or otherwise, except
in accordance with applicable securities laws.
SOURCE Kombat Copper Inc.
Image with caption: "AFW zone diagram (CNW Group/Kombat Copper
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20130220_C6906_PHOTO_EN_23881.jpg