The Ziggy Cu project is situated on a newly awarded Exclusive Prospecting License, EPL 8937 located in Mooifontein, near Helmeringhausen in southern Namibia. Copper mineralisation on the project is closely linked with a shear zone which is located within amphibolite-grade gneisses of the Namaqualand Metamorphic Complex (Figure 1). The geological setting of the mineralisation at Mooifontein consists of a 10–15 m wide zone of intense structural deformation which can be followed for over 5 km. Quartz veins are associated with the shear zone and define a wider zone of up to 200 m. Numerous massive ironstone pods are contained within the shear zone, while malachite staining is common in zones between 1–2 m wide.
Limited historic exploration work has been done on this prospect and is limited to a few pits and four diamond drill holes drilled in the 1970’s which were not sampled. Much of the shear zone, covered by a thin veneer of Nama Group sediments, was never prospected and may host similar mineralised structures which are presently concealed. More recently, in 2008, a historical rock grab sample with noticeable malachite staining taken from the shear zone was submitted for assaying and returned 13% Cu (Figure 2).
To explore this shear zone more comprehensively, fieldwork encompassing mapping, sampling, and ground geophysics is planned, particularly in areas that are underlying younger Nama Group sediments. The license it situated approximately 5 km south-east from the town of Helmeringhausen in the Karas Region.
Figure 1: License location of the Ziggy Cu Project.
Figure 2: Grab sample taken in the shear zone at the Ziggy Cu project – historical assay result of 13%.
Forward Looking Statements
Information set forth in this presentation contains forward-looking statements that are based on assumptions as of the date of this presentation. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Antler Gold Inc. (“Antler Gold”, “Antler” or the “Company”) cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond Antler’s control. Such factors include, among other things: risks and uncertainties relating to metal prices, changes in planned work resulting from weather, logistical, technical or other factors, the possibility that results of work will not fulfill expectations and realize the perceived potential of Antler Gold's mineral properties, uncertainties involved in the interpretation of drilling results and other tests, the possibility that required permits may not be obtained in a timely manner or at all, risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions, the possibility of cost overruns or unanticipated expenses in work programs, the risk of environmental contamination or damage resulting from the exploration operations, the need to comply with environmental and governmental regulations and the lack of availability of necessary capital, which may not be available to Antler Gold acceptable to it, or at all. Antler Gold is subject to the specific risks inherent in the mining business as well as general economic and business conditions. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Antler Gold undertakes no obligation to publicly update or revise forward-looking information. Antler Gold does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on Antler Gold, readers should refer to Antler Gold's website at www.antlergold.com.
Qualified Person
The technical and scientific information in this presentation has been reviewed and approved by Oliver Tors, B.Sc (Hons)., Exploration Manager of the Company, who is registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr. Sci. Nat. No. 120660) who is a Qualified Person as defined by NI 43-101. Mr. Tors is an employee of Antler Gold Inc. and is not independent of the Company under NI 43-101.