VANCOUVER, BC, April 17,
2023 /CNW/ - Deep-South Resources Inc.
("Deep-South" or the Company) (TSXV: DSM) announces that the
Directors of Haib Minerals (Pty) Ltd ("Haib") (fully owned Namibian
subsidiary of Deep-South) met with the Minister of Mines, the
Mining Commissioner and the Deputy Executive Director. The meeting
was held at the Ministry of Mines and Energy of Namibia on Thursday
April 13, 2023. The meeting was very constructive.
The Ministry has not appealed the High Court verdict (see
verdict press release here:
https://www.deepsouthresources.com/investors/news-releases/haib-copper-the-rule-of-law-prevails-in-namibia-the-high-court-renders-verdict-in-favor-of-deep-south/
).
As per the court verdict, the Ministry has re-opened the
application renewal procedure for the Haib Copper licence. The
parties have agreed that Haib will provide additional information
that cover the work completed between January 2021 (application date) and June 2021. The licence EPL 3140 has been
reinstated in the cadastre of the Ministry. The cadastre
shows that the licence is valid and pending renewal. The
Ministry's officials have agreed that upon reception of the
documents from Haib, they will proceed promptly with the analysis
of the application in order to finalize their decision in a timely
fashion.
Pierre Leveille, President
& CEO of Deep-South stated: "The meeting was
conducted in a very positive manner and was very constructive. We
are highly confident we will now create renewed strong working
relations with the Ministry's officials. Further to the meeting we
are confident that the licence will be renewed in a timely
manner."
About Deep-South Resources
Inc.
Deep-South Resources is a mineral exploration and development
company. Deep-South's growth strategy is to focus on the
exploration and development of quality assets in significant
mineralized trends and in proximity to infrastructure in stable
countries. In using and assessing environmentally friendly
technologies in the development of its copper projects, Deep-South
embraces the green revolution.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Deep-South Resources Inc.
