Power Play in ZambiaDeep-South Resources Inc. (DSM) signs an earn-in agreement with Word Class Minerals Venture Ltd. DSM will acquire up to 80 per cent of three copper exploration licences in the center of the Zambian Copper belt over a period of five years. Pierre Leveille, CEO of Deep-South Resources sat down with Shoran Devi to discuss the agreement. https://themarketherald.ca/deep-sou...h-word-class-minerals-venture-ltd-2022-04-08/
The Ministry had to file its defense by April 29, 2022 or at the latest on May 3, 2022. Deep-South will have until May 13, 2022 to file its reply to the defense of the Ministry. The Court will hold another hearing on May 18, 2022. The judge has also drawn the attention of the parties to the Part 6 of the Rules of High Court. Part 6 deals with sanctions for failure to comply with the rules, directions or court orders. Sanctions could be applied for failure to respect court orders. ZAMBIA FOCUS: https://www.deepsouthresources.com/...ences-in-the-heart-of-the-zambia-copper-belt/ Mining workers will be transferred from Namibia to Zambia More information about the projects and the planned programmes will be disclosed after closing of the transaction.
THE MINISTRY OF MINES AND ENERGY OF NAMIBIA FINALLY FILED ITS DEFENSE ON MAY 17, 2022 VANCOUVER, BC, May 20, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsel of the Ministry of Mines and Energy of Namibia ("Ministry") has finally filed its defense affidavit on May 17, 2022, twenty-six days late. At the hearing held on May 18, 2022, the judge has ordered Deep-South's attorneys to file their replying affidavit to the defense of the Ministry at the latest on June 3, 2022. The judge also ordered that a Case Management hearing will be held on June 23, 2022. The Case Management hearing serves to prepare the final hearing. Several aspects can be discussed at the Case Management hearing such as settlement prospects, number of days required for the final hearing, any issues that are likely to facilitate a just and speedy disposal of the case. The Company will provide regular updates in this regard and any other matter concerning this situation.
Next update will be about the Power Play in Zambia sampling results, exploration programs, properties acquisition
Latest CEO video update https://www.linkedin.com/posts/deep...=linkedin_share&utm_medium=member_desktop_web
https://www.reddit.com/r/Baystreetbets/comments/tkurgj/deep_south_resources_dsm_due_diligence/ Deep South Resources (DSM) Due Diligence This would see a significant re-rate and factoring in likely dilution and capital raises would see a share price somewhere between $1-$2. If they managed to subsequently acquire finance for the project then $2-$3 would be likely.
https://www.barchart.com/stocks/quotes/DSM.VN/opinion Snapshot Opinion Today............16% BUY Yesterday......64% SELL Last Week....48% SELL These statistics give you a sense of the Overall Opinion trend. https://www.tradingview.com/symbols/TSXV-DSM/technicals/ Oscillators…………...0Sell…….....9Neutral…………..2Buy Summary…………….1Sell………10Neutral…………15Buy Moving Averages…...1Sell………..1Neutral………….13Buy
NAMIBIA DEFENSE ON JUNE 15, 2022 https://www.prnewswire.com/news-rel...amibia-defense-on-june-15-2022-301568827.html 2022-06-15 12:41 ET - News Release VANCOUVER, BC, June 15, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that the legal counsels of the Company have filed the Company's response to the defense affidavit of the Ministry of Mines and Energy of Namibia ("Ministry") on June 15, 2022. Due to the sudden death of Mr. John Akwenye, who was the named signatory of all the Company's affidavits, the Company had requested an extension to file the response affidavit by June 15, 2022. The Case Management hearing will be held on June 23, 2022. The Case Management hearing serves to prepare the final hearing. Several aspects can be discussed at the Case Management hearing such as settlement prospects, number of days required for the final hearing, any issues that are likely to facilitate a just and speedy disposal of the case.
#DSM #DSMTF@DEEPSOUTHRES TSX.V is highly oversold Barchart.Com/Stocks/Quotes/$JX/Overview… The market is in highly oversold territory. Beware of a trend reversal. Expect positive news from Zambia and Namibia
Zambia: Deep-South holds the option to acquire up to 80% of the Large scale Exploration LicencesLEL 23246, LEL 23247 and LEL 23248 held by WCMV in Zambia. A NI 43-101 technical qualifying report is currently under review by the TSX-V The projects are located near copper / cobalt high-grade producing mines and are on the copper belt mines in both Zambia and the Democratic Republic of Congo (the “DRC”). WHERE IS THE BEST PLACE TO FIND A MINE…IT’S NEAR A MINE NAMIBIA: The case management hearing, for EPL 3140, will be held on June 23, 2022. The case management hearing serves to prepare the final hearing. Several aspects can be discussed at the case management hearing, such as settlement prospects, the number of days required for the final hearing, and any issues that are likely to facilitate a just and speedy disposal of the case. WE EXPECT DSM TO REGAIN EPL 3140 HAIB COPPER PROJECT POTENTIAL: After regaining Haib, it maybe sold to a 3rd party that was looking at it prior that rumble. Money will be use in Zambia.
https://www.kitco.com/news/2022-06-22/A-commodity-war-is-brewing-there-is-not-enough-copper-to-meet-growing-demand-Abrdn-s-Minter.html A commodity war is brewing; there is not enough copper to meet growing demand - Abrdn's Minter Neils Christensen Wednesday June 22, 2022 12:12
PROJECTS IN ZAMBIA NEAR DEEP SOUTH RESOURCES LARGE TARGETS UNDER 6KM COPPER STRIKE AT LUANSHYA Castillo Copper Limited (“CCZ”) is pleased to announce that multiple targets for test-drilling have been identified at the Luanshya Project in Zambia’s copper-belt, following the completion of eight IP survey lines. PROSPECTIVE COPPER REGION The Luanshya Project is located in Zambia’s traditional copper-belt, a globally known region that houses numerous copper deposits and operating mines. Moreover, the Luanshya Project is located ~6-10km south of China Nonferrous Mining Corp’s (CNMC) three operating mines, with combined JORC (2012) compliant Proven & Probable Reserves of 52.3mt @ 1.26% Cu (3). Of significance, the Luanshya Project is on the same NW-SE trendline, which is ~5-10km wide, that hosts two of CNMC’s operating copper mines (3) How many mines are in Chililabombwe nearby DEEP SOUTH RESOURCES? Chililabombwe has 16 mines. The primary producing mine is Konkola Copper Mines. Konkola Copper Mine is one of Africa's largest copper producers, owned by Vedanta Resources Limited. Prior to privatization efforts in 2000, the mine was owned by ZCCM, a Zambian copper mining conglomerate. The Konkola resources / reserves are estimated @ 508MT @2.20% Cu and those of the next door neigbour, Lubambe, are estimated to 343MT @ 3.20% Cu. The annual production rate of both copper mines is 136,000MT https://www.lusakatimes.com/2008/02/20/new-copper-deposits-found/ New copper deposits have been discovered in Masaiti and Mpongwe on the copperbelt. Copperbelt Province Permanent Secretary, Jennifer Musonda disclosed this in Ndola. Mrs. Musonda said there are currently increasing explorations and mineral surveys in all the towns in the province. She said this when Science and Technology Permanent Secretary, Bullet Nsemukila who is on a tour of learning institutions under his ministry, called on her. Mrs. Musonda said the economy on the copperbelt looks set for growth following enhanced diversification programmes. https://www.deepsouthresources.com/investors/news-releases/deep-south-to-acquire-up-to-80-of-three-copper-exploration-licences-in-the-heart-of-the-zambia-copper-belt/
View the complete PR using the following link :https://www.prnewswire.com/news-rel...e-held-on-october-3-and-4-2022-301580644.html THE FINAL HEARING ON THE HAIB COPPER LICENCE REVIEW OF THE DECISION OF THE MINISTER OF MINES WILL BE HELD ON OCTOBER 3 AND 4, 2022 2022-07-05 11:13 ET - News Release SOURCE Deep-South Resources Inc. VANCOUVER, BC, July 5, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) reports that at the hearing held on June 30, 2022, the court ordered the following: Haib Minerals (Deep-South fully owned subsidiary) must file its heads of argument 15 days (September 12, 2022) before the hearing; The Minister of Mines and the other respondents must file their heads of argument 10 days (September 19, 2022) before the hearing; The indexed and paginated papers and the record must be filed by September 23, 2022; The hearing will be held on October 3 and 4, 2022. NEXT UPDATE ABOUT ZAMBIA
Deep-South Resources (DSM) - Legal Update & Zambian Schedule DSM interview from Crux Investors https://youtu.be/8c5BXfowSaU https://www.deepsouthresources.com/ Updated investors presentation https://www.deepsouthresources.com/wp-content/uploads/DSM-Investor_Presentation-June_2022.pdf
DEEP-SOUTH TO ACQUIRE UP TO 80% OF THREE COPPER EXPLORATION LICENCES IN THE HEART OF THE ZAMBIA COPPER BELT VANCOUVER, BC, July 6, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces that it has closed an option agreement entered on March 28, 2022 (the "Option Agreement") with World Class Minerals Venture Ltd ("WCMV"), a private company of Zambia, to acquire up to 80% undivided interest in three copper Large Scale Exploration Licences (the "Licences") in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. The Option Agreement: WCMV has granted the Company the sole and exclusive right to acquire up to a 80% undivided interest over a period of five (5) years following the execution of the Option Agreement in the Licences LEL 23246, LEL 23247 and LEL 23248 in Zambia. Pursuant to the Option Agreement, Deep-South has to make a cash payment of USD $150,000, the issuance of a total 1.75 million common shares of the Company (the "Common Shares") and total work expenditures of USD $3,000,000. As of today, the Company has already paid a total amount of USD $30,000 and issued 500,000 Common Shares. During the Option Agreement, the other payments will be made as follow: Milestone.........Cash............Securities........................Exploration Work Commitments Year 2........USD$30,000.......250,000.common shares......- Year 3........USD$30,000........-.........................................Not less than USD$1,000,000 Year 4........USD$30,000......1,000,000common shares...Not less than USD$1,000,000 Year 5.........USD$30,000........-.........................................Not less than USD$1,000,000 Before the end of the second anniversary of the Option Agreement, Deep-South will also complete the collection and analysis of 100 soil samples over the identified anomalies on Licence LEL 23246 and 350 soil samples over the identified targets on each of Licences LEL 23247 and LEL 23248. Deep-South will then decide whether to proceed with more intensive sampling or to evaluate any drilling targets. Upon completion of the payments due in the second year, Deep-South will have acquired an undivided interest in 51% of the Licences. Data Acquisition: In connection with the Option Agreement, Deep-South has acquired all of the exploration data for the Licences held by Mr. Nathan Sabao (the "geological consultant") by entering into a mining exploration data agreement dated March 28, 2022 (the "Mining Exploration Data Agreement"). Deep-South will issue 500,000 Common Shares to the geological consultant. Furthermore, on the first anniversary of the Mining Exploration Data Agreement, the geological consultant will transfer to Deep-South all of the exploration data for the Licences in consideration of the issuance of a further 500,000 Common Shares. Finder's fee: In connection with the entering into the Option Agreement and the Mining Exploration Data Agreement, Deep-South has issued 300,000 Common Shares as a finder's fee to Gestion Karl Mansour Inc., an arm's length party to the Company and WCMV. 50,000 Common Shares will be issued to Gestion Karl Mansour Inc. at the same time the payments described above for Year 3 of the Option Agreement are made. All securities to be issued in connection with the Option Agreement, the Mining Exploration Data Agreement and the finder's fee will be subject to a hold period of 4 months and one day from their date of issuance. The Licences: Luanshya West project (LEL 23247). The licence is situated in the center of the Zambian Copper belt which forms part of the Central African Copper belt, one of the most prolific copper belts in the world. The Large Exploration Licence covers 5,423.26 hectares (54.24 Sq. Km). A National Instrument 43-101 Standards of Disclosure for Mineral Projects ("43-101") compliant technical qualifying report is available on SEDAR at www.sedar.com under Deep-South's profile. The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the Democratic Republic of Congo (the "DRC") are located. This prospectivity is reinforced by a positive series of coincident soil geochemical anomalies over the contact zone. The project area is close to established copper / cobalt mines with Chibuluma mine some 35Km to the north-east, Chambishi mine 41Km north-northeast, N'changa mine 53Km north-northwest and Luanshya mine some 40Km east-southeast from the centre of the project area. Some 850 soil samples and some geophysical data were collected over the subject property by Teal (a subsidiary of African Rainbow Minerals Ltd) between 2007 and 2009. The airborne geophysical data was evaluated by the geophysical consultant K. P. Knupp on behalf of Teal. Knupp identified a total of 11 targets for strata- bound vein-hosted Cu, Pb, Zn, Co, Ni, Ag and Au mineralisation and 1 target for stratiform Cu-Co mineralisation over the larger exploration property then held by Teal. Chililabombwe project (LEL 23247). The licence is situated in the north of the Zambia Copper belt near the DRC border. The Large Exploration Licence covers 2,200 hectares (22.5 Sq, Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. The project area is close to established copper / cobalt mines with Konkola mine 12 km west and the Lubambe mine 30 km to the north-west from the center of the project area. Mpongwe project (LEL 23248). The licence is situated in the center of the Zambian Copper belt. The Large Exploration Licence covers 67,500 hectares (675 Sq. Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. More information about the Licences and the planned programs will be disclosed after closing of the transactions described herein. Mineral Resources have not been estimated yet on the project nor has it demonstrated economic viability at this stage. The historical geophysical survey and sampling results demonstrate potential to classify the project as one of merit but are considered too speculative geologically to complete a NI 43-101 compliant resource estimation at this time and it is uncertain that those historic results will be converted into minerals resources. Qualified Person Peter Walker B.Sc. (Hons.) MBA Pr.Sci.Nat. of P & E Walker Consultancy is the main author of the 43-101 resource qualification report on LEL 23246, and is a Qualified Person as such term is defined in NI 43-101. Mr. Walker is responsible for the technical part of this press release. About World Class Mineral Ventures Ltd: WCMV is a Zambian private exploration company held in equal part by Mr. Kavumba Ngoma, Mr. Nathan Sabao and Mr. Chisunka Chileya Mpundu On another matter, the Company also announces that the board has approved the grant of 450,000 stock options to two directors at an exercise price of $0.08 per share for a term of three years from the date of the grant. The stock options were granted in accordance with the Company's Stock Option Plan.
THE POWER PLAY Deep-South Resources - Pierre Leveille, CEO - 07 July 2022mp4 https://thepowerplay.jwpapp.com/m/sWTKC39A/deep-south-resources-pierre-leveille-ceo-07-july-2022mp4?list=CQw6yjwj
Deep South Resources Inc. TSX.V: DSM OTCQB: DSMTF http://www.deepsouthresources.com/ https://www.deepsouthresources.com/investors/news-releases/ https://twitter.com/deepsouthres https://www.facebook.com/DeepSouthResources/ https://www.linkedin.com/company/deep-south-resources/?originalSubdomain=ca https://ceo.ca/DSM Strategic shareholder: Teck Resources Ltd Current Price 0.035¢ An all time low Current Market cap 5,200,000$ Canadian Current working capital 1,100,000$ Canadian DSM Zambia Power Play https://thepowerplay.jwpapp.com/m/sWTKC39A/deep-south-resources-pierre-leveille-ceo-07-july-2022mp4?list=CQw6yjwj
