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

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

  1. Rickydi

    Rickydi Member

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    Renewal of the exploration license Haib Copper EPL 3140.

    THE MINISTRY OF MINES AND ENERGY OF NAMIBIA LATE TO FILE ITS DEFENSE AND SHALL FILE AT THE LATEST ON APRIL 29, 2022

    Vancouver B.C., 2022-04-27 08:48 ET - News Release summary

    Deep South Resources (TSXV: DSM)(OTCQB:DSMTF) reports that the legal counsel of the Ministry of Mines and Energy of Namibia ("Ministry") is late to file its defense affidavit and has requested an extension of 10 days to file its affidavit.

    Deep-South's legal counsel indicated that they would be amenable to an extension until April 29, 2022.

    Therefore, it is expected that the Ministry will file its defense on April 29, 2022 or at the latest on May 3, 2022.

    In terms of the current applicable court order Deep-South will have until May 13, 2022 to file its reply to the defense of the Ministry.

    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.

    The Court will hold another hearing on May 18, 2022, to define the further procedures with regard to the review of the decision of the Minister to deny the renewal of the exploration license Haib Copper EPL 3140.

    View original content to download multimedia:https://www.prnewswire.com/news-rel...at-the-latest-on-april-29-2022-301534234.html
     
  2. Rickydi

    Rickydi Member

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    https://www.deepsouthresources.com/...nd-shall-file-at-the-latest-on-april-29-2022/

    The Court will hold another hearing on May 18, 2022, to define the further procedures with regard to the review of the decision of the Minister to deny the renewal of the exploration license Haib Copper EPL 3140.

    So far the Ministry of Mines and Energy fail, again and again, to file 1 document supporting their decision to refuse the renewal od the EPL 3140.

    Would DSM sell EPL 4140 when recovered and move to Zambia which is a much larger copper exploration play.

    https://www.worldbank.org/en/country/zambia/overview#1

    The nation is considered a stable country with successful democratic elections held every five years.

    https://www.deepsouthresources.com/...ences-in-the-heart-of-the-zambia-copper-belt/

    These 3 properties are located right on the Zambian high grade main Copper Belt.

    These projects 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.

    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).

    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 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).

    More information about the projects and the planned programmes will be disclosed after closing of the transaction.


    *****MORE ACQUISTIONS IN ZAMBIA ***** ????


    upload_2022-4-28_8-55-21.png
     
  3. Rickydi

    Rickydi Member

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    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.barchart.com/stocks/quotes/DSM.VN/opinion

    Overall Average: 100%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.
     
  4. Rickydi

    Rickydi Member

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  5. Rickydi

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    https://www.reddit.com/r/Baystreetbets/comments/tkurgj/deep_south_resources_dsm_due_diligence/

    Deep South Resources (DSM.V) Due Diligence

    · Market Cap: ~$7.5m

    · Shares Issued: 146m

    · Share Price: 0.05

    · Cash in Bank: ~1.9m


    If they do win then it is reasonable to expect that the share price will return to pre July 2021 prices of ~25c. For me this represents a very attractive risk vs reward proposition.

    Assuming they are successful in their legal challenge then DSM may end up selling Haib to a company knowing well the property and having done a complete DD.
     
  6. Rickydi

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    https://www.reddit.com/r/Baystreetbets/comments/tkurgj/deep_south_resources_dsm_due_diligence/

    Deep South Resources (DSM.V) Due Diligence

    · Market Cap: ~$7.5m

    · Shares Issued: 146m

    · Share Price: 0.05

    · Cash in Bank: ~1.9m

    If they do win then it is reasonable to expect that the share price will return to pre July 2021 prices of ~25c. For me this represents a very attractive risk vs reward proposition.

    Assuming they are successful in their legal challenge then DSM may end up selling Haib to a company knowing well the property and having done a complete DD.
     
  7. Rickydi

    Rickydi Member

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    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.
     
  8. Rickydi

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  9. Rickydi

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    THE BEST PLACE TO FIND A MINE IS NEAR A MINE

    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/
     
  10. Rickydi

    Rickydi Member

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    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 WILL BE ABOUT ZAMBIA
     
  11. Rickydi

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    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......1,000,000.common 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.


    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.
     
  13. Rickydi

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    This week meet Piere Leveille, CEO Deep South Resources!

    1st 7min.40sec about the economy then after CEO is on…
     
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    Hunting for Large Copper Deposits in Zambia

    Webinar details..................Thursday, July 21, 2022 @ 11:00 AM ET

    https://6ix.com/event/hunting-for-large-copper-deposits-in-zambia/

    Join Deep-South Resources' CEO, Pierre Léveillé, as he runs through the company's three new exploration licences in Zambia and why he believes copper is a long-term bet.

    A lively Q&A follows the conversation, where you can ask Pierre anything about the company, its new licences, the jurisdiction, copper and more.

    Deep-South Resources is a mineral exploration and development company. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties in Africa. 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.

    Mandatory free registration:

    https://webinars.6ix.com/conferences/9e7e8eb51557/registration_modal
     
  18. Rickydi

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    Pierre Leveille President & CEO interview
     
  19. Rickydi

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    Hunting for large copper deposit in Zambia
    Free Webinar Replay
     
    #159 Rickydi, Jul 27, 2022
    Last edited: Jul 27, 2022
  20. Rickydi

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    https://www.stockwatch.com/News/Item/Z-C!DSM-3283279/C/DSM

    DEEP-SOUTH BOARD OF DIRECTORS WILL START THE SEARCH TO REPLACE THE LATE MR. JOHN AKWENYE AS CHAIRMAN. IN THE MEAN TIME THE BOARD HAS NOMINATED JEAN-LUC ROY AS ACTING CHAIRMAN

    Vancouver, B.C., Canada – July 27, 2022 – Deep-South Resources Inc. ("Deep-South"or the Company) (TSX-V: DSM) announces that its Board of Directors will start the search to find and appoint a new Chairman or Chairwoman to replace the late Mr. John Akwenye who passed in May 2022. In the mean time, the Directors have nominated Mr. Jean-Luc Roy to the position of Acting Chairman of the Board.......................
     

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