Kombat Copper to Commence Scaled Mining at Kombat Mine

Kombat Copper (TSXV:KBT) has signed a memorandum of agreement with a Namibian based company to fast-track the scaled production of lead from its Kombat mine.
As quoted in the press release:

Kombat Copper expects that its partner will focus on the Kombat East area looking at both underground and surface mining of known occurrences of significant lead mineralization. They will also be assessing the Gross Otavi deposit located 10 kilometers to the west of the Kombat Mine where a historic resource has been defined. The Kombat East area has shaft and ramp access, which will allow for a relatively quick start up of operations. The Kombat mill is to be refurbished by its partner to produce lead concentrates.
An assessment of 45 years of historic Kombat Mine documents has indicated that the Kombat East area of the Kombat Mine contains appreciable amounts of lead mineralization. This documentation also indicates that significant lengths of mineralization may be present and a low-grade lead envelope with copper and silver credits is interpreted to be present. Past drilling has revealed verifiable assays including Hole KE593 that intersected 67.0m averaging 2.36%Pb and 0.34%Cu, Hole KE557 that intersected 100.0m averaging 2.42%Pb and 0.33%Cu and hole KE556 that intersected 41.0m averaging 2.35%Pb and 0.32%Cu. Work is ongoing to determine the overall configuration and extent of the lead mineralization. Readers are cautioned that these historical records have been examined but not verified by a qualified person. Further work is required to verify that these historical assays are accurate.

Kombat Copper president and CEO, Bill Nielsen, said:

This Agreement represents a positive step forward for the Company in what has been a challenging sector leading to a low commodity price environment. We will benefit from this partnership as we now have the potential to start generating income from the Kombat property as our partner starts a scaled mining approach while we support the project with our extensive infrastructure and knowledge of the Kombat deposit. It will also be setting the stage for the Company to be in a sound financial position to enter detailed technical engineering studies on other areas of the Kombat Mine. As well, this Agreement maintains activity on the mine site, facilitates our mining license and brings local employment and labour to the area.

Click here for the full press release.