Read it thoroughly11 Dec 2020 10:28
Hope Project Background
The Hope Copper-Gold Project comprises three exploration licences, EPL5796, EPL6605 and EPL7170 (under application) covering over 1,200 km2 of the highly prospective Matchless Copper Belt within the stable, safe and mining friendly jurisdiction of Namibia. This Belt hosts multiple high-grade copper-gold Besshi Type massive sulphide deposits, such as the historically mined Otjihase Copper deposit (>16Mt @ 2.2% Cu & 1.2g/t Au) to the northeast of the Hope property.
The Bezant project area contains a series of copper deposits, of which three make up the combined mineral resource reported above, namely Hope, Gorob-Vendome and Anomaly. The Hope deposit itself has an Indicated Mineral Resource of 3.09Mt @ 2.53% Cu and 0.84g/t Au at a 0.7% Cu cut-off reported in accordance with the JORC Code (2012). Historic drill intersections include 23.31m @ 1.59% Cu & 0.23g/t Au from 464.09m, including 9.68m @ 3.18% Cu & 0.42g/t Au from 477.17m (hole HDD82) and 10.12m @ 5.72% Cu & 0.56g/t Au from 525.57m (hole HDD91). Gold is an important accompanying mineral to the copper deposits of the Matchless Belt. This was not always recognised previously, leaving scope for adding value to many of the prospects along the Belt, including Gorob-Vendome.
Metal recovery during previous ore processing tests was excellent. Metallurgical test work at the Hope project indicated recoveries of 96% copper and 84% gold to a 28% Cu grade concentrate via conventional flotation.