INV Metals has reported the 2011 drilling results from the Okohongo deposit, which is a copper-silver deposit situated in the Kaoko property, northwest Namibia.
The CEO of INV Metals has commented that the company has discovered a satellite lens to the main deposit’s northern part during the drilling program at Okohongo. The company has continued to identify several copper and silver deposits, along with the fresh discoveries at the Okozonduno and Omatapati targets. It has revealed the potential of the wide Kaoko property and continued to sustain the belief that the area has the ability to house several deposits, which might end in a central processing facility.
Diamond drilling of around 972 m and reverse circulation (RC) of about 5,667 m are included in the 2011 drilling campaign conducted at the Okohongo and will examine different geophysical anomalies, mineralization to the key Okohongo deposit’s northern portion and additionally analyze the down dip of the deposit. INV Metals has extended the present inferred resource of 10.2 Mt grading 17.75 g/t silver and 1.12% copper.
The company has encountered extensive copper mineralization, including 28.5 g/t silver and 0.85% copper over 27 m, 51.1 g/t silver and 1.48% copper over 14 m in the region to the main deposit’s north section.
INV Metals has been conducting the diamond drilling and RC drill program in the key deposit to intersect the identified mineralization.
INV Metals has inked agreements with Teck Resources’ subsidiary, through which INV Metals will earn the right to purchase a preliminary 50% interest in the wide Kaoko property.