NEW PR...................Deep-South completes soil sampling in Zambia 2023-01-09 13:30 ET - News Release DEEP-SOUTH HAS COMPLETED A SOIL SAMPLING PROGRAMME ON 2 OF THE ZAMBIAN PROJECTS Deep-South Resources Inc. has completed the soil sampling program on the Luanshya West project and on the Chililabombwe project. The program on the Mpongwe project has been postponed to 2023 due to difficult weather. The program completed: Luanshya West Project (licence 23246): 1980 soil samples have been delivered to the laboratory for assays. The samples were collected on a regional grid of 500 x 100 and an infill grid of 100 x 100 metres. The program covered 3 targets where 5 large anomalies have been identified from soil sampling and geophysical survey results compiled by Teal in 2009. Assay results are expected during the month of January 2023 and will be disclosed to our shareholders in due course. The licence is situated in the center of the Zambian Copper belt and covers 5,423.26 hectares (54.24 Sq. Km). The project area is close to established copper / cobalt mines with Chibuluma South mine some 10 kms north-east of the project area; 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. 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 or on the Company's web site: www.deepsouthresources.com Chililabombwe Project (licence 23247): 124 soil samples have been delivered to the laboratory for assays. The samples were collected on a regional grid of 500 x 100 metres. Assay results are expected during the month of January 2023 and will be disclosed to our shareholders in due course. In this particular area, due to their abundance, termite mounds will be sampled rather than digging sample holes. This is because termites bring material to the surface from considerable depth and therefore sample at a greater depth than a regular soil sample. 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 is situated within 10 km of the Konkola Copper mine, one of the largest integrated copper mines in Zambia. Mpongwe Project (licence 23248). The program on this licence has been postponed to 2023 due to difficult weather. The program will resume when weather allows and when the area is dry enough to enable sample collection. This licence is situated on the southern side of the Zambian Copper belt. The Large Exploration Licence covers 67,500 hectares (675 Sq. Km). No Mineral Resources have been estimated on these projects as they have not demonstrated economic viability at this stage . The historical geophysical survey and sampling results demonstrate potential to classify the Luanshya West 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 Vivian Suart-Willams MSc (Hons.) Pr.Sci.Nat., Vice-President Exploration of Deep-South Resources, has reviewed the technical content of this presentation, and is the designated Qualified Person under the terms of National Instrument 43-101. Mr. Stuart-Williams is responsible for the technical part of this press release.
DSM - V Bid Size-----Bid.......Ask----Ask Size.....Last 920.0--------0.04-----0.05------358.0------0.045
https://www.barchart.com/stocks/quotes/DSM.VN/opinion Overall Average:40%BUY Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal. 16% BUY Yesterday 48% SELL Last week 56% SELL last motnh Snapshot Opinion is the Barchart Opinion from the prior trading session (yesterday), 1-week ago and 1-month ago. These statistics give you a sense of the Overall Opinion trend.
https://www.barchart.com/stocks/quotes/DSM.VN/opinion Overall Average: 64% BUY Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal Current direction is the strongest (100%) Stock was 0.045¢ jan 3rd 2023 today we are 0.07¢ up 0.01¢
NOT POSITIVE FOR DSM DEEP-SOUTH CLARIFIES TECHNICAL DISCLOSURE 2023-02-17 08:15 ET - News Release VANCOUVER, BC, Feb. 17, 2023 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces that, as a result of a continuous disclosure review by the British Columbia Securities Commission (the "BCSC"), the Company is issuing the following news release to clarify its disclosure as it pertains to its Technical Report entitled "Haib Copper Project 2020 Preliminary Economic Assessment" on the Haib Copper project near Noordover in the south of Namibia ("Technical Report"). The Technical Report was filed on SEDAR on February 1, 2021. In order to satisfy several deficiencies with National Instrument 43- 101 - Standards of Disclosure for Mineral Projects ("NI 43-101") noted by the BCSC during its recent continuous disclosure audit of the Company, the Company understands it will need to amend the Technical Report accordingly. However, as the verdict of the High Court of Namibia concerning the review of the decision of the Minister of Mines of Namibia to not renew the Haib Copper licence is scheduled for February 23, 2023, the Company will await the verdict to make a decision to amend the Technical Report. Therefore, at the present time, Deep-South advises that the estimates and economic assessment in the current Technical Report should not be relied upon as they are not supported by a compliant NI 43-101 technical report. Further, in connection with the BCSC's recent continuous disclosure review of the Company, and separate from the Technical Report item addressed above, Deep-South will also update and clarify additional disclosure contained on its website and in its corporate presentation to address such comments.
Deep-South sees court push forward Haib licence renewal 2023-03-10 12:34 ET - News Release Mr. Pierre Leveille reports HAIB COPPER: THE RULE OF LAW PREVAILS IN NAMIBIA. THE HIGH COURT RENDERS VERDICT IN FAVOR OF DEEP-SOUTH The High Court of Namibia has rendered its judgment, and reviewed and set aside the decision of the minister not to renew Deep-South Resources Inc.'s Haib copper licence (EPL 3140). The effect of the order is that the minister must resume the licence renewal application procedure and arrive at a new decision. The court noted that the facts presented by Haib Minerals (Deep-South's subsidiary) should not have been ignored in the evaluation process. The judgment mentions that the minister and the mining commissioner did not consider the large investments carried out by Deep-South to develop a low-grade deposit. The court also states that the minister and the mining commissioner did not take into consideration the fact that the COVID-19 pandemic impacted the exploration program. The court also ordered the ministry to pay the legal costs of Haib Minerals. The minister and the mining commissioner have the right to appeal the judgement in the Supreme Court of Namibia. If they decide to lodge an appeal, the request shall be filed within 21 court days from the date of the judgement. Deep-South will now consult its legal advisers to prepare the way forward and pursue the licence renewal procedure. More information about the matter will be disclosed in due course. Pierre Leveille, president and chief executive officer of Deep-South, stated: "This is a very positive verdict, and we are confident to be able to create a new positive working relation with the minister and the new mining commissioner. It is also an important decision for Namibia, as it shows that the rule of law prevails in Namibia. Our board of directors would like to thank our shareholders for their strong support over all that difficult period." 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. © 2023 Canjex Publishing Ltd. All rights reserved.
https://www.barchart.com/stocks/quotes/DSM.VN/overview Barchart Technical Opinion STRONG BUY The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend. https://www.tradingview.com/symbols/TSXV-DSM/technicals/ Trading view:Buy- Strong Buy
CRUX INVESTOR INTERVIEW Deep South Resources (DSM) - Legal Victory. Haib Copper in Namibia Lives Again
RCTV | In Conversation with Deep South Resources Pierre Léveillé, President & CEO of Deep South Resources, joined RCTV host, Mark Bunting, to discuss the favourable verdict that Deep South received from the High Court in Namibia and more!
https://www.barchart.com/stocks/quotes/DSM.VN/opinion Current strength TOP 1% Current direction TOP 1%
Deep-South has "very constructive" meeting with Namibia 2023-04-17 10:30 ET - News Release Mr. Pierre Leveille reports HAIB COPPER: CONSTRUCTIVE MEETING AT THE MINISTRY OF MINES AND ENERGY OF NAMIBIA The directors of Deep-South Resources Inc. subsidiary Haib Minerals Pty. Ltd. have 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. Positive for DSM As per the court verdict, the ministry has reopened the application renewal procedure for the Haib copper licence. The parties have agreed that Haib will provide additional information that covers the work completed between January, 2021 (application date), and June, 2021. No problem to provide info on work and $$$ EPL 3140 has been reinstated in the cadastre of the ministry. The cadastre shows that the licence is valid and pending renewal. Positive for DSM 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. This is where the risk is but the verdict did not raise any non-respect of the mining law by DSM, therefore granting of the HAIB Licence to DSM is expected. Pierre Leveille, president and chief executive officer 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."
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2023/24/c1133.html ORIGINAL: FIRST SOIL SAMPLING ASSAY RESULTS ON THE LUANSHYA WEST PROJECT IN ZAMBIA PR SUMMARY SOURCE Deep-South Resources Inc. FIRST SOIL SAMPLING ASSAY RESULTS ON THE LUANSHYA WEST PROJECT IN ZAMBIA VANCOUVER, BC, May 24, 2023 VANCOUVER, BC, May 24, 2023 /CNW/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces the first results from the soil sampling program on the Luanshya West project in Zambia. Pierre Léveillé, President & CEO of Deep-South states: "These preliminary results are very encouraging as current and past mines on the Copperbelt have held thresholds in the range of 50ppm to 150ppm, averaging 80ppm copper and peak values in the range of 100ppm to 450ppm copper. We look forward to receiving the remaining assays pretty soon and to plan further work on the project. " Highlights: Multiple soil anomalies were defined with peak values of 332ppm copper and 282ppm cobalt in leached soil regimes. The five highest soil samples assay results for copper were determined to be: 332ppm, 286ppm, 272ppm, 253ppm and 247ppm. The five highest soil samples assay results for cobalt were determined to be: 282ppm, 179ppm, 174ppm and 159ppm, 151ppm. Results compare favourably with soil anomalies in the vicinity of various ore zones at current and past producing copper mines in Zambia. 841 samples were collected on the main grid of 500m x 100m. 1,270 samples were collected on 3 infil grids of 100m x 100m. Assay results from SGS received on 647 samples. 1,333 samples assay results are forthcoming. Upon reception of the full set of results from SGS, the sample results will be analyzed in detail to identify and delineate the anomalies. Based on these initial results additional soil sampling on tighter grids is likely after reception of all the results including the Luanshya west main grid and the additional 3 infill grids. Deep-South's geological team is currently proceeding with plans for a second phase of the soil sampling program. The Luanshya West exploration licence 23246-HQ-LEL is situated in the heart of the Zambian Copperbelt some 29km west of the Luanshya Copper Cobalt mine. The licence area covers 5,423.26 hectares (54.24 Sq. Km). Contact: Pierre Léveillé, President & CEO at +1-819-340-0140 or at: [email protected]
Deep-South Resources-Pierre Léveillé,CEO Encouraging preliminary results for Deep-South Resources (TSXVSM) FIRST SOIL SAMPLING ASSAY RESULTS ON THE LUANSHYA WEST PROJECT IN ZAMBIA https://cdn.jwplayer.com/previews/VzLRrA8U
Deep-South Resources (DSM) - Awaiting License for Copper Project in Namibia Interview with Pierre Léveillé, the President and CEO of Deep-South Resources Inc. (TSX-V: DSM) Crux Investor Recording date: 24th May 2023 Deep-South Resources is a mineral exploration company, largely held by Management and Directors with 12% of Deep-South share capital and by Teck Resources Ltd with 16%. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries.
Deep-South Resources CEO Pierre Leveille joined Steve Darling from Proactive to share news about the mineral exploration company working in Zambia. The company has shared the first results from a soil sampling program at the Luanshya West project in Zambia. Leveille telling Proactive multiple soil anomalies saw peak values of 332 parts per million (ppm) copper and 282ppm cobalt in leached soil regimes. Soil samples assay results for copper were determined to be: 332ppm, 286ppm, 272ppm, 253ppm and 247ppm and results for cobalt were determined to be: 282ppm, 179ppm, 174ppm and 159ppm, 151ppm. Leveille also told Proactive geological teams are currently proceeding with plans for a second phase of the soil sampling program before getting the drills turning in the fall.
Deep-South Resources' Haib licence renewed 2023-07-10 10:07 ET - News Release Mr. Pierre Leveille reports HAIB COPPER: LICENCE RENEWED Deep-South Resources Inc.'s Haib copper licence EPL 3140 was officially renewed by the Ministry of Mines and Energy of Namibia on Friday, July 7, 2023, and is valid for a period two years from the date it was renewed. Pierre Leveille, president and chief executive officer of Deep-South, stated: "This is a very good news. The board of directors and management of Deep-South are highly pleased to be back at Haib. With the scarcity of major copper developments on the horizon, Haib's promise as a significant undeveloped deposit. We have begun preparations to commence the work program and resume the development of the project as soon as possible. The plan and further information will be disclosed to our shareholders in due course. We acknowledge the patience and strong support of our shareholders and stakeholders through this long journey. We would also like to thank the minister and team for their diligence in renewing the licence in a timely fashion."
