Botswana- Get license - HUGE26 Feb 2017 21:27
The GET Copper Project (the "Project") consists a portfolio of five exploration licences totalling 3,554.7 sq. km of prospective ground on the Kalahari Copper Belt ("KCB") in north-west Botswana. The KCB is a relatively underexplored emerging, sediment hosted stratiform, copper province with total reported Mineral Resources of over 5.5Mt contained copper metal and 170Moz silver within a 140km radius of the GET Project.
Geologically, the KCB is a constituent of a northeast-trending, tectonically inverted Mesoproterozoic and Neoproterozoic rift basin, which extends from central Namibia to northern Botswana. The KCB rock units extend over 1,000km in strike and are known to host at least 19 copper deposits across Namibia and Botswana. An extensive covering of Kalahari sands over much of the KCB has meant that there has been limited historical exploration over the belt. Airborne geophysical surveys combined with soil geochemical surveying, ground based geophysics and drilling are typically required to investigate the copper potential below the sand cover.
Through this investment the GET Project will become the third active player on the Botswanan KCM. Cupric Canyon Capital have completed a Feasibility Study and are currently looking to develop their Zone 5 Deposit (100.3Mt@1.95%Cu & 20g/t Ag). Whilst, in December 2016, MOD Resources Limited announced the results of a Scoping Study on their T3 Deposit for which a maiden Mineral Resource Estimate (28.36Mt @ 1.24%Cu and 15.7g/t Ag) was released in September 2016. The T3 Deposit was only discovered in March 2016.