DEEP SOUTH RESOURCES - OTC: DSMTF TSX.V: DSM

Discussion in 'Penny Stocks' started by Rickydi, Mar 16, 2021.

  1. Rickydi

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    Copper $20,000 and Santo Tomas




     
  2. Rickydi

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    Copper prices doubled during the pandemic, as the industrial staple benefited from a supply crunch, surging consumer spending and the accelerating transition to renewable energy systems. What does copper tell us about post-pandemic economic environment? Presented by @CME Group: https://www.cmegroup.com/openmarkets/...

     
  5. Rickydi

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    The team at Deep-South Resources (TSX.V: DSM) is actively involved in the acquisition, exploration, and development of major mineral properties in Africa.

    Join President & CEO, Pierre Leveille, Thursday June 10 at 2pmET/11amPT, for a live webinar hosted by Red Cloud Financial Services Inc. He will be discussing the Haib Copper deposit in the south of Namibia and more.

    Register now: https://lnkd.in/eXnGG3H
     
  6. Rickydi

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    2021-06-10 08:04 ET - News Release

    Mr. Pierre Leveille reports

    DEEP-SOUTH INTERSECTS 156 METRES OF 0.46% CUEQ, INCLUDING 24 METRES OF 0.65% CUEQ FROM 26 METRES DEEP

    Deep-South Resources Inc. has provided the second batch of assay results from its current drilling program at its Haib copper project in southern Namibia.

    Significant copper and molybdenum intersections include:

    • HM03: 0.46 per cent copper equivalent over 156 metres, including 24 metres at 0.65 per cent copper equivalent;
    • HM02: 0.39 per cent CuEq over 74 metres, including six metres at 0.73 per cent CuEq;
    • HM04: 0.43 per cent CuEq over 26 metres, including four metres at 0.87 per cent CuEq.
    Pierre Leveille, president and chief executive officer of Deep-South, stated: "We continue to have success with our active drill program identifying thick, higher-grade zones. We are consistently intercepting significantly higher grades than the average grade of our NI [National Instrument] 43-101 indicated resource that stands at 0.31 per cent Cu. The higher-grade zone in pit 2 extends significantly further west and at depth than previously demonstrated. It's increasingly apparent that the use of vertical drilling in the past missed many of the near-vertical structures contained within the broader mineralization of the project. Those near-vertical structures so far are proving to be associated with a higher grade of copper than contained within the current resource. Additionally, the presence of molybdenum has been confirmed with high Mo grades obtained in association with structures and alterations."

    These three holes for which assay results have been received cover about 684.11 metres and were drilled on the central mineralized portion of the deposit to better delineate the extension of this zone to other mineralized areas located to the northwest and southwest. The holes have successfully encountered intercepts of mineralization from bedrock or near bedrock surface. Assay results for the holes are in the attached table.

    Hole From To Width CuEq Cu Mo

    No. Zone (m) (m) (m) (1) (%) (2) (%) (%)


    HM02 Main 64 86 22 0.4 0.4 0.001

    Including 80 84 4 0.95 0.95 0.001

    Main 110 184 74 0.39 0.35 0.013

    Including 118 124 6 0.72 0.66 0.017

    Including 162 168 6 0.73 0.56 0.05

    Main 216 238 22 0.43 0.4 0.009

    HM03 Main 26 182.5 156.5 0.46 0.41 0.015

    Including 26 38 12 0.61 0.59 0.006

    Including 100 130 30 0.58 0.5 0.023

    Including 136 148 12 0.6 0.57 0.01

    Including 152 176 24 0.65 0.64 0.004

    HM04 Main 176 182 6 0.5 0.44 0.017

    Main 194 204 10 0.41 0.41 0.001

    Main 212 238 26 0.43 0.4 0.008

    Including 232 236 4 0.87 0.76 0.034


    1. Width refers to intersection width; true widths have not been determined.


    2. CuEq (copper equivalent) has been used to express the combined value of copper and

    molybdenum and is provided for illustrative purposes only. No allowances have been

    made of recovery losses that may occur should mining eventually result. Calculations

    use metal prices of $3 (U.S.) per pound copper, $10 (U.S.)/lb molybdenum using the

    formula: CuEq per cent is equal to Cu per cent plus (Mo per cent ($10 divided by $3)).

    Borehole locations

    From a figure available on-line it can be seen that all three holes were located in the pit 2 target with HM03 testing the westward extension of the higher-grade portions and HM02 and HM04 the extension of the same northwestward toward the pit 3 target. These drill holes have significantly widened (up to 70 m) the 0.3 per cent and 0.4 per cent Cu pit shells within the top 250 m of the resource.

    Holes HM02 and HM03

    Located on a north-south section line on the western edge of the pit 2 target, HM03 was positioned to test the westward extension of the higher-grade portion of this target while HM02 tested the extension toward pit 3 to the northeast.

    HM03 encountered good grades almost from surface, which continued for over 156 m to the end of the hole. HM02 shows that the higher-grade zone in pit 2 extends significantly farther west than previously demonstrated as well as with depth. Mo grades are highly variable from a low of 0.001 per cent to a high of 0.149 per cent, but averaging 0.014 per cent over the full length.

    Results from HM02 show that although the 0.3 per cent Cu contour extends unbroken between pit 2 and pit 3, the 0.4 per cent Cu contour does not. Additionally, the 0.3 per cent Cu contour extends about 40 m farther toward the northeast than demonstrated previously, as well as with depth. Mo grades are muted for most of the hole (mean of 0.006 per cent) with two intervals returning Mo grades of over 0.05 per cent.

    Hole HM04

    Also drilled on the pit 2 target, HM04 was planned to test the extension of the 0.4 per cent Cu contour northward as well as the continuity of the contour between pit 2 and pit 3. Results were very similar to HM02, demonstrating that (1) the 0.4 per cent Cu contour is broken between pit 2 and pit 3; (2) the limit of the 0.3 per cent Cu contour is significantly larger than previously demonstrated; and (3) the 0.3 per cent Cu contour is continuous with depth. Significant Mo grades are almost entirely absent with the hole and had a mean Mo grade of 0.003 per cent for its full length.


    Drill program update

    Three drill rigs are active on the property. Nineteen holes have been completed and two holes are currently in progress. Results for eight holes have been received and released. A further 11 holes have been completed, processed and submitted to the lab for assay with results pending. The program is planned for 10,000 metres, of which 40 per cent has been completed to date. The Haib copper deposit is one of the oldest porphyry deposits in the world at 1.8 billion years old (Archean). Over time, it has seen several transformations resulting in shearing and faulting events. Those events have concentrated the mineralization along the shears and faults.

    The specific focus of this drilling campaign is to further delineate and grow the higher-grade zone(s) of the Haib deposit uncovered by Deep-South in 2019 with the ultimate goal of establishing a measured resource over that higher-grade section of the deposit. The company also plans to drill a number of holes to depths greater than 350 meters to test the vertical extent of the deposit.

    The MSA Group of South Africa has been appointed to provide an updated NI 43-101 resource estimation after the drilling program completion.

    Quality control

    All drill cores are logged, photographed and cut in half with a diamond saw. Half of the cores are bagged and sent to ALS Laboratories Ltd. in Johannesburg, South Africa, for analysis (SANAS Accredited Testing Laboratory, No. T0387), while the other half is quartered with one-quarter archived and stored on site for verification and reference purposes while the other quarter will be used for metallurgical test work. Thirty-three elements are analyzed by induced coupled plasma (ICP), utilizing a four-acid digestion, and gold is assayed using a 30-gram fire assay method. Duplicate samples, blanks and certified standards are included with every batch and are actively used to ensure proper quality assurance and quality control.

    About the Haib copper deposit

    The Haib copper project hosts a porphyry copper deposit containing an NI 43-101-compliant indicated resource estimate of 457 million tonnes at 0.31 per cent Cu for 3.12 billion lb copper and an inferred resource estimate of 342 million t at 0.29 per cent Cu for 2.19 billion lb copper. Deep-South disclosed a robust preliminary economic assessment (PEA) on Dec. 15, 2020. The press release disclosing the NI 43-101 resource estimation and the PEA reports can be seen at the company's website.

    Please note that:

    • Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for minability, selectivity, mining loss and dilution. These mineral resource estimates are based on indicated mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. However, there is no certainty that these indicated mineral resources will be converted to measured categories through further drilling, or into mineral reserves, once economic considerations are applied.
    • There is no certainty that the preliminary economic assessment will be realized.
    Qualified person

    Dean Richards, PrSciNat, MGSSA -- BSc (honours), geology, is the qualified person for the Haib project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

    About Deep-South Resources Inc.

    Deep-South Resources is a mineral exploration and development company. Deep-South holds 100 per cent of the Haib copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa.

    The recent preliminary economic assessment showed that at a price of copper of $3/lb, it generates an after-tax net present value of $950-million and an after-tax IRR (internal rate of return) of 30 per cent. At $4/lb, it generates an after-tax NPV of $1,650-million and an after-tax IRR of 42 per cent. (See the press release available on the company's website.)

    Deep-South growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and close to infrastructures in stable countries. In using and assessing environmental friendly technologies in the development of its copper project, Deep-South embraces the green revolution.

    We seek Safe Harbor.

    © 2021 Canjex Publishing Ltd. All rights reserved.

    Source : https://www.stockwatch.com/News/Item/Z-C!DSM-3096677/C/DSM
     
  7. Rickydi

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    Deep-South Resources halted at 5:56 a.m. PT

    2021-06-14 09:01 ET - Halt Trading


    Deep-South Resources Inc. has been halted at 5:56 a.m. PT on Monday, June 14, 2021, at the request of the company, pending news.

    © 2021 Canjex Publishing Ltd. All rights reserved.
     
  9. Rickydi

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    Deep-South Resources (CVE: DSM-OTC: DSMTF) President and CEO Pierre Léveillé, joined Stephen Gunnion from Proactive with detail of the second batch of assay results from the company's current drilling programme at its Haib copper project in southern Namibia. Léveillé, telling Proactive that Deep-South continues to have success with its active drill program identifying thick, higher-trade zones.

     
  10. Rickydi

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    DSM Halted at the request of the company News Pending
     

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