Deep-South Resources Inc. or the Company) announces that the High Court of Namibia has rendered its judgment and reviewed and set aside the decision of the Minister not to renew the Haib Copper licence EPL 3140. The effect of the order is that the Minister must resume the licence renewal application procedure and arrive at a new decision. The court noted that the facts presented by Haib Minerals should not have been [...]
Deep-South Resources Inc. or the Company) announces that the High Court of Namibia has postponed the publication of the verdict in the case to review the Minister's decision not to renew the Exploration and Prospecting licence to March 15, 2023. Pierre Leveille, President & CEO of Deep-South stated, "With the recent events at the Ministry of Mines, the decision of the judge to postpone the verdict a second time is an [...]
Deep-South Resources Inc. announces that, as a result of a continuous disclosure review by the British Columbia Securities Commission , the Company is issuing the following news release to clarify its disclosure as it pertains to its Technical Report entitled "Haib Copper Project 2020 Preliminary Economic Assessment" on the Haib Copper project near Noordover in the south of Namibia . The Technical Report was filed on [...]
Deep-South Resources Inc. announces that it has closed the second and final tranche of its previously announced non-brokered private placement . In the first tranche 4,200,000 units and in the second tranche 9,700,000 Units for a total of 13,900,000 at a price of $0.05 were issued for aggregate gross proceeds of $695,000. Each Unit was priced at $0.05 and consists of one common share and one-half of one common share [...]
Deep-South Resources Inc. announces that it will close a second tranche in an oversubscribed non-brokered private placement. The second tranche will be closed for an amount of $490,000. A first tranche totaling $210,000 has already closed. The first tranche comprised 4,200,000 units at $0.05 per unit. The total offering will comprise up to 14 million units at $0.05 per unit for a total of up to $700,000. Each Unit will [...]
Deep-South Resources Inc. announces that it will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $210,000. The offering will comprise up to 10 million units at $0.05 per unit for a total of up to $500,000. Each Unit will consist of one common share and one half of one common share purchase warrant . Each whole Warrant will entitle the holder thereof to [...]
Deep-South Resources Inc. announces that it has completed the soil sampling program on the Luanshya West project and on the Chililabombwe project. The program on the Mpongwe project has been postponed to 2023 due to difficult weather. The program completed: Luanshya West Project : 1980 soil samples have been delivered to the laboratory for assays. The samples were collected on a regional grid of 500 x 100 and an infill [...]
Deep-South Resources Inc. announces that the Company will extend the exercise period of the 15,341,944 share purchase warrants for a further one-year term. The warrants are exercisable at a price of $0.22 per common share and are scheduled to expire January 20, 2023. Upon receipt of TSX Venture Exchange acceptance of this transaction, the warrants will expire after the close of business January 20, 2024. The share [...]
Deep-South Resources Inc. announces that the High Court of Namibia has postponed the verdict in the case to review the Minister's decision not to renew the Exploration and Prospecting licence to February 23, 2023. The judge is using the limit of the three months allotted by the rules of the High Court to render his verdict. The judge indicated that he has read the pleadings of the parties and other documents filed with [...]
Deep-South Resources Inc. announces that the Environmental Project Briefs submitted to the Zambia Environmental Management Agency have been approved. The team started mobilizing on Tuesday November 8 and will start the soil sampling program on the three licences. The program: The program consists of geochemical soil sampling on each licence with the aim of identify anomalies and defining drilling targets. Luanshya West [...]
Deep-South Resources Inc. provides projects update on the exploration programs on the exploration licences in Zambia. On July 6, 2022, Deep-South announced the closing of an option agreement to acquire up to an 80% undivided interest in three copper Large Scale Exploration Licences in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. Recent Highlights: Environmental projects Briefs [...]
Deep-South Resources Inc. announces that the High Court of Namibia hearing of the review of the Minister's decision not to renew the Exploration and Prospecting licence was held on October 3, 2022. The judge indicated that a written judgment is to be expected on November 18, 2022. About Deep-South Resources Inc. Deep-South Resources is a mineral exploration and development company. Deep-South's growth strategy is to focus [...]
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