Deep-South Resources today announced that it has received the results of a Preliminary Economic Assessment from Mineral Engineering and Technical Services of Australia on its Haib Copper project in Namibia. Highlights of PEA Four recovery options were considered for economic evaluation. The best economic outcome is derived by using option 3 which combines an initial ore sorter upgrade with subsequent heap leaching of the [...]
Deep-South Resources announced today that the independent NI 43-101 Resource estimation report on the Haib Copper project in Namibia has been filed on SEDAR. The report is accessible at www.sedar.com and on the Deep-South website at www.deepsouthresources.com. About Deep-South Resources Inc. Deep-South Resources Inc. is a mineral exploration company largely held by Namibian shareholders and Teck Resources Ltd., which [...]
Deep-South Resources has disclosed today its independent NI 43-101 Resource estimation on the Haib Copper project in Namibia. Deep-South has also announced that Midas Engineering and Technical Services of Australia has been appointed to complete a Preliminary Economic Assessment, that should be available by the end of February 2018. Mr. Pierre Leveille, President & CEO of Deep-South stated that: "With the initial resource [...]
Deep-South Resources is pleased to announce that it has signed a letter of agreement to acquire from Sparrowhawk Gold Ltd , 90% of the St John project, neighboring the Kokoya gold mine situated in the northeast of Liberia. Upon completion of a satisfactory due diligence, Deep-South shall acquire 90% of the common shares of Jarjlokpo Resources Ltd, which holds the Reconnaissance Licence forming the St John project, in [...]
eep-South Resources announces that it has closed a second tranche of its non-brokered private placement for gross proceeds of up to $227,700 . The non-brokered private placement comprises 1,035,000 units of Deep-South, at a subscription price of $0.22 per Unit. Each Unit consist of one common share and one half of one common share purchase warrant of Deep-South. Each full Warrant entitles the holder thereof to purchase [...]
Deep-South Resources announces that the Company has obtained the authorization of the TSX Venture Exchange to extend the private placement previously announced on September 6, 2017. The private placement has been extended for 30 days and the closing of the second tranche will take place on or before December 1st 2017. The terms of the private placement are as follows: The Company will proceed with a non-brokered private [...]
Deep-South Resources announces that it has closed a non-brokered private placement for gross proceeds of up to $195,140. Procedures to close a second tranche will start shortly. The non-brokered private placement comprises 887,000 units of Deep-South, at a subscription price of $0.22 per Unit. Each Unit consist of one (1) common share and one half (1/2) of one common share purchase warrant ("Warrant") of Deep-South. Each [...]
Deep-South Resources announces that its legal and technical consultants have visited the INal project in Mauritania and have completed their due diligence. The Company is awaiting final legal and technical reports concerning the acquisition of 75% of the project. Details of the transaction have been previously disclosed in a press release dated August 23, 2017. The press release be seen on SEDAR or by clicking this link [...]
Deep-South Resources announces a corporate update. Haib Copper project, Namibia: Since the closing of the acquisition of a 100% interest in the Haib Copper project in Namibia, the Company has completed a full revision of all the data available on the project. Further to this revision, the Company has hired P&E Walker Consultancy and Obsidian Consulting Services of South Africa to undertake a resource estimation report in [...]
Deep-South Resources is pleased to announce that it has signed a letter of agreement to acquire from Suricate SARL, 75% of the INAL project, neighboring the Kinross Tasiast gold mine situated in the northwest of Mauritania. Upon completion of a satisfactory due diligence, Deep-South shall acquire a 75% beneficial interest in the INAL project in consideration for a cash payment of US $ 20,000.00 and the issuance of 500,000 [...]
Deep-South Resources is pleased to announce that it has closed the acquisition of the remaining 70% of Haib Minerals that it does not own. The shares were acquired from Teck Namibia Ltd. in exchange for, among other things, 14,060,000 common shares of Deep-South. Deep-South now holds 100% of Haib Minerals. Haib Minerals holds the Exclusive Prospecting Licence 3140 ("EPL 3140"), which hosts the Haib copper project ("Haib [...]
Deep-South Resources is pleased to announce that it has closed a non-brokered private placement for gross proceeds of up to $206,140. The non-brokered private placement comprises 937,000 units of Deep-South, at a subscription price of $0.22 per Unit. Each Unit consist of one (1) common share and one (1) common share purchase warrant of Deep-South. Each full Warrant entitles the holder thereof to purchase one (1 [...]
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