VANCOUVER, March 5, 2013 /CNW/ - Kombat Copper Inc. (the
"Company") (TSX.V: KBT) is pleased to report that Company
geologists have identified and commenced work on priority copper
targets within its Exclusive Prospecting Licences ("EPLs"). The
Company's EPL's are located in the highly prospective Otavi
Mountainland of northern Namibia.
Please refer to attached diagram.
At EPL 3941, diamond drilling is now underway to
test the down dip extension of the "Domingo I showing"
approximately 3 kilometres to the south-southeast from the Tsumeb
mine and located on the south limb of the Tsumeb syncline. The
Domingo I showing consists of dolostone outcrop with chalcopyrite
and galena mineralisation and the drill target is based on
characteristics similar to surface geology at the world famous
Tsumeb mine.
A second priority drilling target has been
established on EPL 3942; approximately 1.3 kilometres to the east
of the Domingo showing. Heckers Breccia, also known as "Domingo
III" a strongly silicified chert breccia with copper oxide
mineralisation in the form of malachite and chalcocite lies along
the south limb of the Tsumeb syncline approximately 4.5 kilometres
from the Tsumeb mine. It has been identified as a priority target
due to its proximity to Domingo I and the Tsumeb mine. This target
is being tested with a short Rotary Air Blast ("RAB") drilling
program.
Mr. Alexander
Helmel, the Company's President states: "We are excited to
begin exploration on these EPLs. Historical information and
existing mineralisation on both ours and neighbouring EPLs lead us
to believe we have some very significant targets which have yet to
be adequately tested. We look forward to releasing positive results
at the completion of these exploration programs."
Qualified Person
Mr. Colin
Russell, P.Geo., the Qualified Person as defined by National
Instrument 43-101, is responsible for the design of the program,
and all exploration work on the Kombat Project will be done under
his supervision. Mr. Russell has read and approved the technical
content of this news release.
About Kombat Copper Inc.
Kombat Copper Inc. is a public Canadian
exploration and development company focused on the acquisition of
copper assets in southwestern Africa. The Company recently acquired the
Kombat Copper Project which consists of a past producing mine, mill
and concentrator historically capable of processing 1,000 tonnes of
ore per day. The project has more than 100 years of production
history and is located in northern Namibia, a region known for copper production
from high grade deposits. In addition to these historically
producing assets, the Company has acquired five EPL's in close
proximity to the mill and concentrator, near the town of Tsumeb.
These highly prospective EPL's cover an area of more than 2,250
square kilometres. The Kombat Copper management team and founders
have a considerable amount of experience in Namibia and internationally, and combines
managerial, financial and technical expertise used to generate
value for project stakeholders.
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.
All statements in this news release, other
than statements of historical fact, that address events or
developments that Kombat Copper Inc. expects to occur, are
"forward-looking statements". Forward-looking statements are
necessarily based on estimates and assumptions that are inherently
subject to known and unknown risks, uncertainties and other factors
that may cause Kombat Copper Inc.'s actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. Such factors include,
without limitation: significant capital requirements and the
ability to raise equity capital; the risks of obtaining and
maintaining the validity and enforceability of the necessary
licenses and permits and complying with the permitting requirements
in, Namibia; the lack of certainty
with respect to foreign legal systems, which may not be immune from
the influence of political pressure, corruption or other factors
that are inconsistent with the rule of law. Forward-looking
statements are not guarantees of future performance, and actual
results and future events could materially differ from those
anticipated in such statements. Kombat Copper Inc. expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
SOURCE Kombat Copper Inc.
Image with caption: "Kombat EPL targets (CNW Group/Kombat Copper
Inc.)". Image available at:
http://photos.newswire.ca/images/download/20130305_C2444_PHOTO_EN_24277.jpg