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Kombat Copper Continues Its Path to Production With Preliminary Intersections of 1.24% Copper Over 29.65 Metres

11.05.2015  |  Marketwired

TORONTO, ONTARIO--(Marketwired - May 11, 2015) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat" or the "Company") has received assay results from the first 5 holes of its 34 hole diamond drill program as well as trenching results. Management remains confident that the results observed to date are indicative of a near-surface mineral resource which may support a higher-grade open pit mining scenario on the property.

Drilling Highlights:

  • Hole K15-001 intersected 1.24% Cu, 0.0053% Pb, 19.18g/t Ag over 29.65m core length including 1.86% Cu, 0.0044% Pb, 29.34g/t Ag over 17.51m core length
  • Hole K15-005 intersected 1.23% Cu, 1.95% Pb, 5.68g/t Ag over 27.31m core length including 0.32% Cu, 3.53% Pb, 5.68g/t Ag over 15.03m core length and 2.43%Cu, 0.61%Pb, 9.57g/t Ag over 13.57m core length

Full Results can be found in Table 1

Trenching Highlights:

  • 2.67% Cu, 0.08% Pb, 27.01g/t Ag over 16m

Full Results can be found in Table 2

Bill Nielsen, President and CEO of Kombat Copper, has recently spent a significant amount of time on the project site in Namibia and observed and directly participated in the drilling and exploration work. He commented: "We see that our initial interpretations are coming to fruition and with minor corrections we feel that we can consistently hit copper mineralization along an appreciable strike length. We have more work to do to confirm sufficient tonnes and grade to support an initial open pit operation, but this limited program has met with very encouraging initial results."

Drilling Results to Date

The initial 5 holes have been drilled over a strike length of 600 meters, testing at least two mineralized horizons that are interpreted to be 75-100 meters apart. Hole K15-003 drilled the gap between the two mineralized horizons confirming that distinct mineralized horizons are present. The Company believes that these horizons are more extensive and continuous than had previously been thought.

Lead values of some significance have been returned from several holes. This confirms the zoned nature of the mineralized lenses at Kombat Mine.

The remaining holes in the Drill Program have tested selected target areas along the strike length of 1,500 meters between the #1 and #3 shafts where past mining has provided positive indications of near surface copper mineralization (See Figure 1). The Company's intent is to intersect copper mineralization in areas that over the past 50 years have been largely ignored.

The program has recently been completed and core is still being processed. Nine additional holes are in the laboratory and results are expected in 3 weeks. Complete assay results will likely be available within 6 weeks.

Additional assay work is required to determine acid soluble copper as some intersections display a significant amount of oxide copper mineralization.

Table 1 Assay Results From Holes K15-001 - K15-005

Hole # From (m) To (m) Length (m) Est. True Width Cu% Pb% Ag g/t
K15-001 8.27 37.92 29.65 18.50 1.24 0.0053 19.18
incl 14.76 32.27 17.51 10.9 1.86 0.0044 29.34
K15-002 13.47 24.58 11.11 6.80 0.75 0.14 6.68
incl 17.65 24.58 6.93 4.23 1.02 0.21 9.91
K15-003
K15-004 32.00 51.00 19.00 9.30 0.93 2.24 11.58
incl. 32.00 41.93 9.93 4.9 1.22 4.26 11.92
incl. 37.87 51.00 13.13 6.43 1.27 2.26 15.73
K15-005 19.34 46.65 27.31 13.4 1.23 1.95 5.68
incl. 19.34 34.37 15.03 7.4 0.32 3.53 2.14
incl. 33.08 46.65 13.57 6.6 2.43 0.61 9.57
*assumed zone are vertically dipping

Trench Results to Date

Trench assay results from a back-filled open stope established in the early part of the 20th century by a German company who first mined at Kombat confirmed that back-fill material was less than 5% copper material, which was the lower cut-off grade for mining at the time. The 2.67% Cu over 16 meters as well as mineralization confirmed in the walls of the old stope is encouraging and adds to the Company's open pit scenario for the area.

Table 2: Trench Sample Results

Trench Sampling
From (m) To (m) Length (m) Est. True Width Cu% Pb% Ag g/t
0.0 16.0 16.0 16.0 2.67 0.80 27.01
0.0 2.0 2.0 2.0 0.53 0.014 11.8
0.0 2.0 2.0 2.0 1.285 0.98 1.60

Kombat Copper continues discussions with the Namibian Water Corporation Ltd. (Namwater) who are looking to use the Kombat Mine as a significant source of water for the country. The Company has presented them with a 3 phase dewatering project that could supply a large, sustained volume of potable water. This would allow for the dewatering of the mine infrastructure at little to no cost to Kombat Copper.

Readers are cautioned that the potential quantity and grade of the above results are conceptual in nature and that there has been insufficient exploration work to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

A second phase of drilling will likely be required to attain a sufficient density of data to calculate a compliant mineral resource estimate.

QA/QC

Assay QA/QC for these drill holes are checked and verified through the use of blind standards, duplicates and insertion of blind blanks into the sample stream. Initial indications are that the QAQC results are within expected limits.

Qualified Person

F. W. Nielsen, P.Geo., President and CEO of Kombat Copper, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information and has verified the data included in this press release. As the President and CEO of the Company, Mr. Nielsen is not considered independent.

About Kombat Copper

Kombat Copper (TSX VENTURE:KBT) is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in place with significant upside.

The Company holds an 80% interest in five Mining Licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company's flagship property: the past-producing Kombat Mine. The Kombat Mine's extensive infrastructure includes an 800m production shaft which was opened in 2006, two additional recently-operational shafts, three ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator all supported by the Company's local town site. The Kombat Mine opened in 1962 and historically produced 12.46 million tonnes of ore grading 2.62% copper over a period of 45 years. It is linked to vital existing infrastructure, including power, water, roads, and rail with close proximity to the port of Walvis Bay and to one of only five commercial-grade smelters in Africa located in Tsumeb, located 100 road kilometers away from Kombat.

Figure 1: Longitudinal Section of the Kombat Mine Identifying Areas Drilled: http://media3.marketwire.com/docs/1006420.pdf

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the proposed drill program, the anticipated timeline regarding the proposed drill program and availability of results, Company's expectations regarding mineral resources and potential development work and the Company's plans for the Kombat Mine. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.



Contact

Bill Nielsen
President and CEO
+1 (416) 861-1685
Rob Hopkins
Manager, Investor Relations
+1 (416) 861-5899
info@kombatcopper.com
www.kombatcopper.com


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