Graceland Channel Sampling Hits Up to 31.7% Copper and 351 g/t Germanium
Golden Deeps Ltd reports exceptional high-grade copper, silver, zinc, and germanium results from its Graceland Prospect in Namibia, setting the stage for targeted drilling of Tsumeb-style deposits.
- Channel sampling reveals up to 31.7% copper and 351 g/t germanium
- Rockchip samples show copper grades as high as 42%
- Induced Polarisation (IP) survey underway to identify deeper sulphide targets
- Results trigger share issuance under prior acquisition agreement
- Project targets critical metals recently added to the US Critical Minerals list
Exceptional Surface Sampling Results
Golden Deeps Ltd (ASX – GED) has announced outstanding assay results from channel and rockchip sampling at its Graceland Prospect, part of the Central Otavi Project in Namibia’s renowned Otavi Mountain Land Critical Metals Province. Surface sampling across the Gossan 1 outcrop yielded grades up to 31.7% copper, 961 g/t silver, 23.5% zinc, and a remarkable 351 g/t germanium. Complementing these, rockchip samples from the Gossan 1 East zone returned copper grades as high as 42%, underscoring the prospect’s exceptional mineralisation potential.
Strategic Geophysical Survey to Define Drilling Targets
To complement the surface sampling, Golden Deeps has mobilised a geophysical crew to conduct a detailed Induced Polarisation (IP) and resistivity survey. This survey is designed to detect both near-surface sulphide zones and deeper ‘Tsumeb-style’ copper-silver-zinc-lead-germanium sulphide deposits down to 300 meters. The Tsumeb mine, located just 20 kilometers north, is a world-class analogue that produced significant volumes of copper, lead, zinc, silver, and germanium. The integration of geophysical data with sampling results aims to generate 3D models to pinpoint high-grade drilling targets.
Advancing Towards Drilling and Development
Golden Deeps CEO Jon Dugdale highlighted the significance of these results, noting the confirmation of exceptional grades and the highest germanium assay to date at Graceland. The company has identified suitable drilling contractors capable of accessing the challenging terrain and is preparing to commence drilling once the IP survey results and modelling are complete. This next phase will test the continuity and depth of the mineralisation, potentially unlocking a high-grade critical metals sulphide deposit.
Critical Metals in a Strategic Location
The metals identified at Graceland, copper, silver, zinc, lead, germanium, and antimony, are increasingly classified as critical by global markets, including recent additions to the US Critical Minerals list. Germanium, in particular, is vital for semiconductors and renewable energy technologies. With China’s export restrictions on key critical minerals, Golden Deeps’ Namibian project could become an important alternative supply source. The project’s location within the prolific Otavi Mountain Land, home to historic mines like Tsumeb and Kombat, further enhances its strategic value.
Milestone Trigger and Future Outlook
The exceptional channel sampling results have triggered the issuance of shares under the terms of Golden Deeps’ acquisition of Namex Pty Ltd, which holds the Central Otavi Project. This milestone reflects the tangible progress made in advancing the project. As further sampling results and geophysical data come in, the market will be watching closely for confirmation of a significant high-grade deposit that could reshape the company’s growth trajectory.
Bottom Line?
Golden Deeps’ Graceland Prospect is rapidly evolving from surface promise to a high-grade critical metals drilling target with global strategic relevance.
Questions in the middle?
- Will upcoming drilling confirm the depth and continuity of the high-grade mineralisation?
- How will the IP survey results refine the targeting of ‘Tsumeb-style’ sulphide deposits?
- What are the potential timelines and capital requirements for advancing towards resource definition?
