Deep-South Resources (CVE: DSM-OTC: DSMTF) CEO Pierre Leveille joined Steve Darling from Proactive to bring news the company has released their first drill results from their current program at the Haib Copper project in southern Namibia. Leveille telling Proactive they saw significant copper and molybdenum intersections with numbers like 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuE and 0.65% CuEq over 36 metres, Leveille also told Proactive a change in the way drilling has been done in the past is being proven successful with these first results
VSM - DEEP SOUTH RESOURCES INC 16:09:26 EDT Sym-X Bid - Ask Last Chg %Ch Vol DSM - V ▲ATS .0 0.26 · 0.265 .0 0.265 +0.045 20.5 2,359.1 QSMTF - DEEP-SOUTH RESOURCES INC - 16:11:59 EDT DSMTF - Q not subscribed 0.2199 +0.0338 18.2 % 416.2
https://www.stockwatch.com/News/Item/U-th1BQPF1Orr-U!DSMTF-20210518/U/DSMTF Deep-South to Host Live Webinar on Monday, May 24th at 2pm ET 2021-05-18 10:07 ET - News Release (via TheNewswire) Vancouver, B.C., Canada – TheNewswire - May 18, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXVSM) (OTCSMTF) today announced that Pierre Leveille, President & CEO, will be hosting a live investor webinar on Monday, May 24 th to go through the Company’s May investor presentation including an overview of current operations and upcoming milestones. You can register for the webinar below: Date : Monday, May 24 th , 2021 Time : 2pm EST Register : Webinar Registration (http://7514767.hs-sites.com/www.rbm...kmjg1E9VoYUg2niKom_VHB-PKcNAVKweAo4zMJXoo8ltd) HAVE QUESTIONS? Management will be available to answer your questions following the presentation on the webinar platform. You may also submit your question(s) beforehand via email to [email protected] About Deep-South Resources Inc Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% 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 $3.00 / lb, it generates an after-tax NPV of $950 million and an after-tax IRR of 30%. At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ ) 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. This press release contains certain "forward-looking statements," as identified in Deep- South’s periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. More information is available by contacting Pierre Léveillé, President & CEO at +1-819-340-0140 or at: [email protected] or Paradox Public Relations at +1-514-341-0408 Copyright (c) 2021 TheNewswire - All rights reserved. © 2021 Canjex Publishing Ltd. All rights reserved.
https://smallcaps.us/deep-south-resources-inc-dsm/ COMPANY SNAPSHOT: DEEP-SOUTH RESOURCES INC (DSM) Symbol (CA)SM Symbol (US): DSMTF Symbol (GER)SD Website:www.deepsouthresources.com Deep-South currently holds 100% of the Haib Copper project in Namibia, one of the largest copper porphyry deposits in Africa. A recent PEA shows that at a copper price of $3.50 per lb, Haib generates an after-tax NPV of US $ 1.3 billion and an after tax IRR of 42.1%. · INITIAL ASSAY RESULTS FROM HAIB COPPER PROJECT CONFIRM HIGH EXPECTATIONS · DEEP-SOUTH RESOURCES ADVANCES ON ALL FRONTS WHILE DRILLING AT THE HAIB COPPER PROJECT IS IN FULL SWING · AMBITIOUS DRILL PROGRAM KICKS OFF IN NAMIBIA AS DEEP-SOUTH RESOURCES ADVANCES HAIB COPPER DEPOSIT · INITIAL REPORT EXPLAINS WHY DEEP-SOUTH RESOURCES IS EXTREMELY UNDERVALUED COPPER PLAY · INTERVIEW WITH DEEP-SOUTH RESOURCES CEO REVEALS MASSIVE POTENTIAL IN COPPER SPACE
DEEP-SOUTH APPOINTS DR MARTINEZ BELLANGE AS SPECIAL ADVISOR ON BIO LEACHING Deep-South Resources Inc. has appointed Dr. Patricio Martinez Bellange as a special adviser on bio-assisted leaching and mining. Dr. Bellange was a director of hydrometallurgical and biotechnological processes at CodelcoTech, a technological subsidiary of Codelco, the largest copper mining company in the world. Dr. Bellange stated, "I am pleased to join Deep-South and have the opportunity to work with Deep-South's team on the development of this great project". Pierre Leveille, president and chief executive officer of Deep-South, stated: "We are delighted to welcome Dr. Martinez to advance the development of the Haib copper project. His vast expertise and experience in bio leaching and bio mining is a great addition to our team and without any doubt will be a great benefit to the company as we advance the development of the project." Dr. Bellange is a biologist with a doctorate in biological sciences. He has been involved in the research and development of the next generation bio leaching technology used by Codelco. He has also been executive director of the sustainable tailings program of Corfo, which is partially financed by Codelco. The program was focused on bio technological recovery of value elements from secondary resources. He is a former industrial researcher and project manager at BioSigma S.A., a joint venture where he participated in the research and development of the bio leaching first technology used by Codelco. Dr. Bellange has been involved in other research programs on bio leaching of low-grade sulphides. During his career he authored or co-authored 12 scientific publications. He has been co-author of one book on the study of Acidophiles and one book on Biomining, which is soon to be published. Dr. Bellange has also been the author of five patents related to biotechnology and bio leaching process technologies. He has served five research stays in universities in the United States, France and Japan. Dr. Bellange holds a bachelor in biology from the Catholic University of Valparaiso in Chile, a PhD in biological sciences from the Pontifical Catholic University of Chile and a diploma in management of innovation and technology from the University of Notre Dame in Indiana, U.S., as well as the University Alberto Hurtado in Santiago, Chile. Dr. Bellange is currently a visiting professor in the international master of science in sustainable and innovative natural resource management at Freiberg University in Germany.
At $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. (See the press release here: https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/ Copper Spot Price May 21, 2021 Copper Price per Pound $4.51
VSM - Deep-South Resources Inc. - Bid Ask Last Volume 0.235 0.245 0.245 +0.015 2,910,200 QSMTF - DEEP-SOUTH RESOURCES INC - Last Volume 0.2026 201,800
IR contacts Pierre Léveillé CEO Telephone: +1-819-340-0140 [email protected] Paradox Public Relations at +1-514-341-0408
DEEP-SOUTH REQUESTS THE JUDGE TO RENDER A DECISION IN THE REVIEW CASE WITH THE HIGH COURT OF NAMIBIA CONCERNING HAIB COPPER LICENCE REFUSAL The Namibian legal counsel of Deep-South Resources Inc. and its subsidiary, Haib Minerals Pty. Ltd., have amended and supplemented the original application on behalf of Haib with the High Court of Namibia for an order that the Minister of Mines and Energy should grant the renewal of the Haib copper EPL 3140 licence within 30 days of the issuing of the order. The ministry has not filed any documents supporting the process followed by the minister, the mining commissioner and the ministry's relevant officials assessing and deliberating on the Haib renewal application for the Haib copper EPL 3140 licence. This lack of internal process documentation regarding the minister's decision to refuse the renewal of the licence was made evident in the court proceedings, thereby providing no written evidence of a meaningful evaluation of the merits of Haib's licence renewal application. It is to be assumed that the minister did not receive any documentation or evaluation by the mining commissioner or any of his staff relating to the exploration activities carried out on the Haib copper licence. Therefore, the decision seemed to have been taken without any paper trail showing a reasonable and fair administrative process, thus violating Haib's rights in terms of Article 18 of the Namibian constitution. The company will provide regular updates in this regard and any other matter concerning this situation. Corporate update While recovering Haib copper mineral rights remains a top priority for the company, management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The company will provide an update on the matter in due course. 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 project, Deep-South embraces the green revolution. We seek Safe Harbor.
OTCQBSMTF - DEEP-SOUTH RESOURCES INC - http://www.deepsouthresources.com While recovering Haib copper mineral rights remains a top priority for the company, management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place.
2 days left for year end special DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com Sym-X............Bid -.......Ask.....Last...........Vol DSM ............0.065......0.07....0.065.......736,900 DSMTF.................................0.0548.......445,000
MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR ENDED AUGUST 31, 2021 Report Date: December 29, 2021 Key facts summary Teck shall hold a pre-emptive right to participate in any financing of Deep-South as long as Teck holds over 5% of Deep-South’s outstanding common shares; Prospecting License Renewal Declined On June 16, 2021, the Company has received notice from the Ministry informing the Company that its application for the renewal of its License had been denied citing the Company’s inability to advance the License to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility (PFS) study to an upgraded Preliminary Economic Assessment (PEA) and the commencement of a full Feasibility Study (FS). The FS was already commenced with at the time of the refusal. The License conditions state clearly that the Company shall request the approval of the Minister for any material program or budget changes. The change from a PFS to a FS implies a larger budget and a more advanced development program. Therefore, the change was not requiring the approval of the Minister. Moreover, the Ministry issued all permits required for the drilling program and officials were well aware that Haib had completed the drilling program at the time of the refusal to renew. The Ministry proceeded with their last filing on November 17, 2021. The filing did not include any documents supporting the decision of the Minister to deny the renewal of the Haib Copper license. Therefore, the Ministry has not provided any evidence supporting the decision of the Minister. Drilling results: On May 10, 2021, Deep-South reported significant drilling results: • HM06 : 0.47% CuEq over 152 metres, including 30 metres at 0.81% CuEq • HM07 : 0.42% CuEq over 128 metres, including 14 metres at 0.57% CuEq • HM10 : 0.65% CuEq over 36 metres, including 12 metres at 1.04% CuEq We were extremely enthusiastic by the first results from our active drill program. Previous drilling programs point to the presence of higher grade zones of Cu, probably associated with near vertical structures within the broader mineralized areas of the project. The use of vertical drilling in the past potentially missed those structures during those programs resulting in an underestimation of overall grade. This current drilling program is looking to redress this through the use of inclined holes to identify and delineate these structures and test the association with higher Cu grade zones. These first results seem to support this updated interpretation, showing substantial intersections at Cu grades considered high for Haib. Additionally, the presence of molybdenum has been confirmed with high Mo grades obtained in association with structures and alterations. Furthermore, three holes have expanded the size of Pit 2 in the higher-grade area. On June 10, 2021, Deep-South reported a second set of significant drilling results: • HM03 : 0.46% CuEq over 156 metres, including 24 metres at 0.65% CuEq • HM02 : 0.39% CuEq over 74 metres, including 6 metres at 0.73% CuEq • HM04 : 0.43% CuEq over 26 metres, including 4 metres at 0.87% CuEq We were continuing 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 43-101 indicated resource that stands at 0.31%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. This Haib Copper Mineral Resource has been defined by diamond core drilling covering a total surface area of some 2.6 square kilometres. The mineral resource classification is closely related to data proximity. Topographic elevations within the mineral resource area vary from 320m to 640m above mean sea level and average 480m above mean sea level. Indicated resources are constrained between the variable topographic surface and a horizontal level which is 75m above mean sea level and within which the majority of the drill and assay data are constrained. Inferred resources are laterally constrained by the last line of drill holes and extend 12 vertically from the horizontal surfaces defined by the +75m and -350m above mean sea level (a block of 425m thickness) within which there is a lesser data set derived from drilling. Mineralization is open near surface and at depth to at least 800 metres deep. The Mineral Resource estimate is based on the results from approximately 66,500 metres of drilling in 196 holes. The most recent drilling data comes from Teck Resources drilling programs totalling 14,500 metres (2010 & 2014) and from re-assaying a part of the 164 historical drill cores which are well preserved on site. Indicated Resources are defined by a drill grid of 150 metres by 150 metres, while Inferred Resources are defined by a drill grid of 300 metres by 150 metres. The Haib Copper exploration licence provides significant potential for resource expansion, since there is known, but poorly drilled and assayed, mineralisation beyond the drill grid boundaries and below the main mineralized body (which covers some 2 square kilometres of surface area), where a few drillholes from 75m above mean sea level to -350m above mean sea level (i.e. a thickness of 425m) have shown that mineralisation is present. The deepest drillhole did not pass out of mineralized material. In addition, there are 5 satellite mineralized target areas surrounding the main Haib porphyry body which still require further evaluation. The PEA technical report will be filed on SEDAR at www.sedar.com and on the Deep-South website at www.deepsouthresources.com Financial risk factors Level Ref. August 31, 2021 Other financial assets (cash) $2,307,138 Accounts payable and accrued liabilities $194,306 Other financial liabilities $0 FORWARD LOOKING STATEMENTS All statements in this report that do not directly and exclusively relate to historical facts constitute forward looking statements. These statements represent the Company’s intentions, plans, expectations and belief, and are subject to risk, uncertainties, and other factors of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, as a result of new information, future events or otherwise.
#OTCQB: #DSMTF#TSXV: #DSM DEEP SOUTH RESOURCES INC – http://www.deepsouthresources.com Bid size......Bid...........Ask.......Ask Size 226,000.....0.055·......0.065....10,000 Join with us on the bid
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https://www.barchart.com/stocks/quotes/DSM.VN/opinion improve outlook 20 Day Moving AverageBUY 20 - Day Average Volume: 159,348 50 Day Moving AverageBUY 50 - 100 Day MACD OscillatorBUY 50 - Day Average Volume: 173,596 100 Day Moving AverageBUY 100 - Day Average Volume: 228,781
TSX.V is down Small Cap trade near 52 week Low We are near capitulation These are all the ingredients for stock bottom fishing
Copper Mining in Namibia with Pierre Leveille, CEO of Deep-South Resources Pierre has a background in investment and mining exploration and has been heavily involved in the mining industry in Namibia over the past 25 years. He has a wealth of knowledge and understanding of the country, what it is like as a mining jurisdiction, and tells us more about Deep South Resources.
CEO interview about latest acquisition So Zambia has a pretty good history of mining built over the years. Copper Nickel etc has been the metal most prominent for export. The area is rich in grade, lots of projects built but when the prices dropped in the 90's lots of projects quickly became uneconomical. So, if these guys are on to something that was doing ok, prior to the collapse, things might end up being very positive.
MANAGEMENT DISCUSSION AND ANALYSIS SUMMARY FOR THE THREE MONTHS ENDED NOVEMBER 30, 2021 REPORT DATE January 31, 2022 SHARE CAPITAL The authorized share capital is unlimited common shares without par value. As of the date of this MD&A the Company has issued and outstanding common shares as follows. (a) Authorized and issued shares are as follows: Class Par Value Authorized Issued Class A Preferred No par value Unlimited 0 (b) Common No par value Unlimited 146,334,700 (c) As at the date of the MD&A the Company has 12,515,000 incentive stock options. (d) As at the date of the MD&A the Company has 44,714,137 outstanding share purchase warrants. FINANCIAL INSTRUMENTS AND RISK MANAGEMENT The fair values of amounts receivable and accounts payable and accrued liabilities approximate their fair values due to the short-term nature of these instruments. November 30, 2021……………August 31, 2021 Cash………..$1,922,685………. .2,307,138 Liabilities........$95,572…………...194,306
