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Sunday 21 April 2019
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Kombat Copper terminates contract with EBH

screen-shot-2016-09-09-at-12-10-02-pm….Plans further drilling
 
Kombat Copper Inc. has announced plans to carry out further drilling at its Kombat Mine in Namibia in order to continue expanding its resource base to further support near-term development.
 
Also, as previously disclosed in the company’s management’s discussion and analysis for the three months ended June 30, 2016, the company has terminated the contract-mining agreement with EBM Mining Namibia (Pty) Ltd.
 
The contract-mining agreement with EBM has been terminated as a result of slower than anticipated development due to funding issues. With a change in Kombat Copper’s management, the company’s new directive will be to aggressively move towards development scenarios based on sound technical data and planning.
A near-term drill programme has been designed to support the longer term objectives of assessing the economic viability of its primary asset and to formulate a feasibility study for the Kombat Mine complex. This will determine the scheduling and costs of returning the mine back to commercial production. In conjunction with the upcoming drill programme, management will continue to work on a number of initiatives that can enable near-term cash flow.
 
Stephan Theron, president and CEO of the company, commented: “The near-term drill programme will target some of the shallower areas of Kombat Mine and will build on the success of the 2015 programme. This will ensure an expanded resource statement. With the new COO on board, we will also work on near-term cash flow initiatives. We foresee stronger copper and lead prices in 2017/18.” The company aims to expand on the 2015 drill programme by infill drilling in specific areas and re-calculating resources to compliant standards in several areas, including the Kombat East, Kombat Central Pit, Kombat West and Asis Far West sections of the mine property.
 
A phased programme of 12 000 metres of diamond drilling is being planned. Known areas of significant mineralisation have been prioritised and an initial 5 000m of drilling is anticipated to commence in the last quarter of this year.
 
Initial priority will be given to the Kombat East – #3 Shaft area of the mine where modelling is ongoing and recent and historic drilling has indicated significant zones of copper and lead mineralisation. Near-surface mineralisation will initially be expanded from results obtained by Kombat Copper in 2015.
The 2015 diamond drilling programme aimed to verify historic drill intersections in the area and identify additional areas of interest.
Kombat East underground workings are now de-watered to a depth of almost 100 meters below surface.
 
The Kombat West area represents an area between historic workings at the Kombat Mine in the 1960s and from the early 1900s. The drill holes above represent a strike length of 210m.
At the Asis Far West, the company plans to re-interpret the 2014 inferred mineral resource that has been calculated for the area. A better understanding of the geometry and configuration of the Kombat mineralisation may allow for an improved interpretation and resource calculation. It is planned to extend the interpretation to the east, well past the existing mine development on 12 and 13 levels, a distance of 1 000-1 200 metres from the AFW shaft. Historic diamond drilling in an undeveloped area below 12 level resulted in intersections of 16m at 10.35 percent Cu in hole AU12/200 and 6m at 3.59 percent Cu in hole AU12/177.
 
At the company’s Gross Otavi mining licence area, located 10 km to the west of Kombat Mine, a work programme of geochemistry and further diamond drilling on the Gross Otavi East area is being considered. Past drilling from the 1960s intersected 1.76 percent Cu and 8.9 percent Pb over 7.32m and 6.6 percent Cu over 0.91m in an area that had been subjected to limited surface mining in the early 1900s.
 
Due to the limited nature of the historic mineralised intersections, the true width cannot be determined. A re-interpretation of the geology and structures in the area has indicated a possible correlation between the East area and the historic resource in the Central area consisting of 158 000 tonnes averaging 1.54 percent Cu and 5.85 percent Pb.
 
Kombat Copper is not treating the historical estimate as a current mineral resource or mineral reserve and the historical estimate should not be relied upon. Additional metallurgical and engineering studies are required. The initial objective at Gross Otavi East would be to define further near-surface mineralisation.
Consideration is also being given to expanding the company’s current land position in order to allow for the expansion of resources by exploration. Airborne geophysical methods are being assessed to assist with geological and structural interpretations and their relationship to mineralisation.



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