Golden Deeps finds high grade gallium at Nosib – and expansion is on the card

The Market Herald
04-09

Golden Deeps Ltd (ASX:GED) has identified gallium grading up to 538 grams per tonne, alongside copper, vanadium, lead, silver, and highly anomalous germanium and antimony following a review of historical channel sampling and previous drilling at its Nosib project in Namibia.

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The gallium was in the form of gallium trioxide (Ga2O3), with the review revealing previous intersections such as 23 metres at 168g/t Ga2O3, 0.72% copper, 0.54% vanadium, 53.97% lead, and 1.8g/t Ag from four metres.

Where high-grade gallium appears in these intersections – in association with copper, vanadium, lead, silver, germanium, and antimony – occurs from near the surface to depths of 50 metres, and is associated with an uncovered “saprolite zone” which also hosts vanadium, copper, lead and silver.

This zone is open to the east and west with potential for expansion through drilling.

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Additionally, Golden Deeps has also found a bulk sample excavated from the surface which featured 102g/t Ga2O3, 8.75 Cu, 1.7% Pb, and 27g/t Ag. Following this, the company is now pursuing metallurgical test work to find out how antimony, gallium, and germanium recoveries can be optimised.

GED has been trading at 1.9 cents on Wednesday.

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The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

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