The Conversation (0)
Helio Resource Corp (CVE:HRC) reports the first results from a recently completed RC drill programme on the Gold Kop target, at the Damara gold project in central Namibia.
The press release is quoted as saying:
The exploration target at Gold Kop is for Navachab-style carbonate-hosted gold mineralisation. The Navachab gold mine, operated by Anglogold Ashanti, is located 50km southwest of Gold Kop, has been in production since 1989, and currently has non-NI43-101 compliant resources of 5.1 million ounces grading 1.15g/t Au.
The Gold Kop target geology is similar to that at Navachab, and comprises a large area of folded dolomitic marble in contact with calcitic marbles. These marbles are associated with multiple large magnetic and IP anomalies, as well as a 4km+ gold-in soil anomaly.