White Metal receives exploration licence renewal on Okohongo copper-silver project
Junior exploration company, White Metal Resources received a two-year renewal for its exclusive prospecting licence (EPL7071), for the Taranis (Okohongo) Copper-Silver Project in the Kaoko Copperbelt, in northwestern Namibia.
The property size was reduced from its original size of 19,805 hectares to 13,825 hectares as part of the requirements for the EPL renewal. The new expiry date of EPL7071 is 12 June 2023.
Michael Stares, President & CEO of White Metal, in a statement, said they will continue to advance the Okohongo Copper-Silver Project and at the same time pursue a partner to work with them in moving the project forward.
“We have been very successful in our exploration of the Property including developing new copper targets north and south along strike from the Okohongo deposit and completing a new Mineral Resource Estimate. We will continue to work the project in tandem with White Metal’s flagship gold project, the Tower Stock Gold Project, located in Ontario,” Stares said.
White Metal’s new mineral resource estimate for the project is based on a total of 28 (3,226 metres) reverse circulation drill holes (518 chip samples in resource) and 781.70 metres of historical diamond drill core in 4 holes (63 core samples in resource).