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Golden Deeps Ltd. has reported significant mineral findings at its Graceland critical metals prospect in northern Namibia. These findings include impressive grades of copper, zinc, and silver, as detailed in the company’s quarterly activities report for the three months ending 30 September 2026.
Golden Deeps’ exploration efforts have focused on deeper diamond drilling to explore mineralisation beneath high-grade zones identified near the surface. Recent laboratory results from four shallow diamond drill holes have confirmed the continuation of mineralised zones beneath Gossan 1 and Gossan 1 East at the Central Otavi Project in the Otavi Mountain Land.
Drilling results
- Gossan 1: Drill hole GLBPD009 intersected 8.20 metres grading 3.5% copper equivalent, with significant concentrations of zinc, lead, silver, and germanium.
A notable 2.12-metre interval within this intersection showed 6.2% copper equivalent.
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- Gossan 1 East: Drill hole GLBPD007 yielded 4.48 metres grading 4.0% copper equivalent, with notable copper, silver, and antimony levels.
A 2.28-metre section of this drill hole returned 7.3% copper equivalent, indicating high mineral concentration.
Exploration strategy
Golden Deeps has embarked on a deeper drilling program to explore three priority sulphide targets along an 800-metre corridor at Graceland. Up to 10 diamond drill holes are planned in this initial phase to confirm the extension of mineralisation into deeper sulphide zones.
Beyond Graceland, Golden Deeps continues to explore other prospects:
- South Ridge and Butterfly North: These sites are under investigation for copper, lead, zinc, and silver mineralisation. Butterfly North, in particular, is being reassessed for drilling potential based on induced polarisation survey data.
- Border, Driehoek, and Kaskara Prospects: These areas are being explored for various metals, including vanadium, copper, lead, zinc, and germanium. Border already contains an existing zinc-lead-silver resource.
Uranium exploration
Golden Deeps has applied for three uranium exploration licences in western Namibia through its subsidiary, Huab Energy Pty Ltd. These applications aim to explore potential uranium-bearing palaeochannels identified via satellite imagery, which may hold mineralisation similar to the Langer Heinrich mine.
During the September quarter, Golden Deeps reported an exploration and evaluation expenditure of A$513,000, accounting for 77% of its total net expenditure. The company held A$3.548 million in cash as of 30 September 2026, supporting its ongoing and future exploration initiatives.
Golden Deeps Limited’s exploration efforts have yielded promising results, strengthening the potential for significant mineral deposits at Graceland and other prospects. The company remains focused on identifying and extending mineralisation zones, drawing inspiration from the historic Tsumeb mine’s geological characteristics.
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The African Mining Market is a source of insightful information on mining & industrial markets, and developments in Africa.
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