Kombat Copper Defines the W800 Extension With Resource Calculation Underway
February 28 2014 - 7:00AM
Marketwired
Kombat Copper Defines the W800 Extension With Resource Calculation
Underway
TORONTO, ONTARIO--(Marketwired - Feb 28, 2014) - Kombat Copper
Inc. ("Kombat Copper" or the "Company") (TSX-VENTURE:KBT) has
completed a detailed review of its extensive historical data base
and verified material drill information to infill a previously
unidentified zone of mineralization between the Asis Far West
("AFW") Sector and previous mine workings to the east of the Asis
West Area a distance of some 300 meters known as the W800 Extension
(Figure 1). The W800 Extension is up-plunge of the drilled
defined AFW Sector in an area with no previous underground access
and limited drill testing.
Approximately 90 meters west of the exploration-developed drift
on the 12 level, a drill intersection (Au12/200) of 16.0 meters
grading 10.35% Cu was defined. Another intersection (Au12/177) of
6.0 meters grading 3.59% Cu has been identified in the same zone.
Historic assays are as follows:
Table 1: Historic Results for Drill Hole Au12/200 |
Hole ID |
From (m) |
To (m) |
Length (m) |
Cu % |
Au12/200 |
105 |
107 |
2 |
1.60 |
Au12/200 |
107 |
109 |
2 |
2.79 |
Au12/200 |
109 |
111 |
2 |
18.18 |
Au12/200 |
111 |
113 |
2 |
20.10 |
Au12/200 |
113 |
116 |
3 |
19.92 |
Au12/200 |
116 |
118 |
2 |
6.56 |
Au12/200 |
118 |
121 |
3 |
2.45 |
TOTAL |
16 |
10.35 |
Table 2: Historic Results for Drill Hole Au12/177 |
Hole ID |
From (m) |
To (m) |
Length (m) |
Cu % |
Au12/177 |
115 |
118 |
3 |
1.22 |
Au12/177 |
118 |
119 |
1 |
7.17 |
Au12/177 |
119 |
120 |
1 |
0.41 |
Au12/177 |
120 |
121 |
1 |
10.27 |
TOTAL |
6 |
3.59 |
Several hundred meters further to the west of stopes on 12 level
(Figure 1), surface drill holes have intersected 3.7 meters
assaying 6.5% Cu (AW90A), 4.0 meters assaying 1.78% Cu (AW90C) and
2.5 meters assaying 2.58% Cu (AW115A). Due to the limited nature of
the historic mineralized intersections the true width cannot be
determined. Original assay files and drill logs have been found and
the data has been verified.
In February of 2013, Kombat Copper completed a diamond drill
core re-sampling program from the historic AFW Sector. The best
result is from diamond drill hole AW101A located at the eastern
edge of the AFW Sector, that returned 10 meters of 8% copper and
124 g/t silver. A resampling of hole AW90C, mentioned above, is
located in the W800 Extension Sector and returned 7.66% Cu but over
a core length of 3.2 meters. This is a significant upgrade to that
historically reported.
From this information, it is now interpreted that significant
widths of copper mineralization can be defined to within 150 meters
of the AFW Sector and any future drilling will target the
continuity of the mineralized system in an effort to join up the
Asis West and Asis Far West Sectors.
Kombat Copper's recently completed geological reinterpretation
for the area supports the concept of the emplacement of this
historically defined copper mineralization and may ultimately
expand its mineralization inventory as Kombat progresses with
additional drill definition.
The Company anticipates publishing a mineral resource estimate
for the AFW Sector by the end of the first quarter of this year.
This mineral resource estimate shall contribute to the ongoing
Preliminary Economic Assessment (PEA) of the Kombat Mine, targeted
for release early third quarter of 2014.
The Company has also determined that the brownfields restart of
the Kombat mine could be accomplished quickly and with relatively
low capital cost if initial production rates of 500-700 tonnes per
day are considered. Kombat's objective would be to ramp up to 1,100
tonnes per day (the design capacity of the current mill) over a 1
to 2 year period as more forward development is completed and the
mill is returned to its proven design capacity. It appears that
existing infrastructure will require minimal rehabilitation and
existing underground development will allow a quick ramp up of
production in the event economic viability is determined in the
PEA.
PDAC Investor Exchange
Kombat Copper will be attending the PDAC Investor Exchange March
2nd and 3rd. The Company looks forward to updating its shareholders
and interested investors in person at Booth #2221.
About Kombat Copper
Kombat Copper (TSX-VENTURE: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 production shaft which was opened
in 2006, three recently-operational shafts, ramp systems, extensive
underground workings, mine buildings, a tailings facility, a mill
and concentrator all supported by the Company's local town site.
The Kombat mine originally opened in 1962 and historically produced
~8.7 million tonnes of ore grading 3.1% copper 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,
located 100 road kilometers away from Kombat.
In addition to mining licenses, the Company holds an 80%
interest in five Exclusive Prospecting Licenses ("EPLs") covering
an area of more than 1550 km2. The EPLs are located also within the
copper-rich Otavi Mountainlands and are in close proximity to
Tsumeb.
Qualified Person
F. W. Nielsen, P.Geo., President and CEO of Kombat Copper, is a
"qualified person" as such term is defined in National Instrument
43-101 and has reviewed and approved the technical information and
data included in this press release.
Cautionary Notes
Neither 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.
This news release may contain forward-looking statements.
These statements include statements regarding the Company's plans
for the Kombat Mine, its expectations for the Kombat Mine and the
expected effect on the Company's financial and operating results.
These statements are based on current expectations and assumptions
that are subject to risks and uncertainties. Actual results could
differ materially because of factors discussed in the management
discussion and analysis section of our interim and most recent
annual financial statements or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities
regulations. We do not assume any obligation to update any
forward-looking statements, except as required by applicable
laws.
To view Figure 1: Kombat Mine Longitudinal Section, please
visit the following link:
http://media3.marketwire.com/docs/KBT228-F1.pdf
Kombat Copper Inc.Bill NielsenPresident and CEO+1 (416)
861-1685Kombat Copper Inc.Rob HopkinsManager, Investor Relations+1
(416) 861-5899info@kombatcopper.comwww.kombatcopper.com