KBT

Kombat Copper Inc. ("Kombat Copper" or the "Company") (TSX VENTURE:KBT) has
completed a detailed review of its extensive historical data base and verified
material drill information to infill a previously unidentified zone of
mineralization between the Asis Far West ("AFW") Sector and previous mine
workings to the east of the Asis West Area a distance of some 300 meters known
as the W800 Extension (Figure 1). The W800 Extension is up-plunge of the drilled
defined AFW Sector in an area with no previous underground access and limited
drill testing. 


Approximately 90 meters west of the exploration-developed drift on the 12 level,
a drill intersection (Au12/200) of 16.0 meters grading 10.35% Cu was defined.
Another intersection (Au12/177) of 6.0 meters grading 3.59% Cu has been
identified in the same zone. Historic assays are as follows: 




----------------------------------------------------------------------------
              Table 1: Historic Results for Drill Hole Au12/200             
----------------------------------------------------------------------------
Hole ID           From (m)          To (m)        Length (m)            Cu %
----------------------------------------------------------------------------
Au12/200               105             107                 2            1.60
----------------------------------------------------------------------------
Au12/200               107             109                 2            2.79
----------------------------------------------------------------------------
Au12/200               109             111                 2           18.18
----------------------------------------------------------------------------
Au12/200               111             113                 2           20.10
----------------------------------------------------------------------------
Au12/200               113             116                 3           19.92
----------------------------------------------------------------------------
Au12/200               116             118                 2            6.56
----------------------------------------------------------------------------
Au12/200               118             121                 3            2.45
----------------------------------------------------------------------------
TOTAL                                                     16           10.35
----------------------------------------------------------------------------
----------------------------------------------------------------------------
              Table 2: Historic Results for Drill Hole Au12/177             
----------------------------------------------------------------------------
Hole ID           From (m)          To (m)        Length (m)            Cu %
----------------------------------------------------------------------------
Au12/177               115             118                 3            1.22
----------------------------------------------------------------------------
Au12/177               118             119                 1            7.17
----------------------------------------------------------------------------
Au12/177               119             120                 1            0.41
----------------------------------------------------------------------------
Au12/177               120             121                 1           10.27
----------------------------------------------------------------------------
TOTAL                                                      6            3.59
----------------------------------------------------------------------------



Several hundred meters further to the west of stopes on 12 level (Figure 1),
surface drill holes have intersected 3.7 meters assaying 6.5% Cu (AW90A), 4.0
meters assaying 1.78% Cu (AW90C) and 2.5 meters assaying 2.58% Cu (AW115A). Due
to the limited nature of the historic mineralized intersections the true width
cannot be determined. Original assay files and drill logs have been found and
the data has been verified.


In February of 2013, Kombat Copper completed a diamond drill core re-sampling
program from the historic AFW Sector. The best result is from diamond drill hole
AW101A located at the eastern edge of the AFW Sector, that returned 10 meters of
8% copper and 124 g/t silver. A resampling of hole AW90C, mentioned above, is
located in the W800 Extension Sector and returned 7.66% Cu but over a core
length of 3.2 meters. This is a significant upgrade to that historically
reported.


From this information, it is now interpreted that significant widths of copper
mineralization can be defined to within 150 meters of the AFW Sector and any
future drilling will target the continuity of the mineralized system in an
effort to join up the Asis West and Asis Far West Sectors.


Kombat Copper's recently completed geological reinterpretation for the area
supports the concept of the emplacement of this historically defined copper
mineralization and may ultimately expand its mineralization inventory as Kombat
progresses with additional drill definition.


The Company anticipates publishing a mineral resource estimate for the AFW
Sector by the end of the first quarter of this year. This mineral resource
estimate shall contribute to the ongoing Preliminary Economic Assessment (PEA)
of the Kombat Mine, targeted for release early third quarter of 2014. 


The Company has also determined that the brownfields restart of the Kombat mine
could be accomplished quickly and with relatively low capital cost if initial
production rates of 500-700 tonnes per day are considered. Kombat's objective
would be to ramp up to 1,100 tonnes per day (the design capacity of the current
mill) over a 1 to 2 year period as more forward development is completed and the
mill is returned to its proven design capacity. It appears that existing
infrastructure will require minimal rehabilitation and existing underground
development will allow a quick ramp up of production in the event economic
viability is determined in the PEA. 


PDAC Investor Exchange 

Kombat Copper will be attending the PDAC Investor Exchange March 2nd and 3rd.
The Company looks forward to updating its shareholders and interested investors
in person at Booth #2221. 


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 exploration 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, three recently-operational shafts, 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 originally opened in
1962 and historically produced approx. 8.7 million tonnes of ore grading 3.1%
copper and 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. 


In addition to mining licenses, the Company holds an 80% interest in five
Exclusive Prospecting Licenses ("EPLs") covering an area of more than 1550 km2.
The EPLs are located also within the copper-rich Otavi Mountainlands and are in
close proximity to Tsumeb.


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 technical information and data included in this press release.


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 Company's plans for the Kombat Mine, its
expectations for the Kombat Mine and the expected effect on the Company's
financial and operating results. 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.


To view Figure 1: Kombat Mine Longitudinal Section, please visit the following
link: http://media3.marketwire.com/docs/KBT228-F1.pdf  


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kombat Copper Inc.
Bill Nielsen
President and CEO
+1 (416) 861-1685


Kombat Copper Inc.
Rob Hopkins
Manager, Investor Relations
+1 (416) 861-5899
info@kombatcopper.com
www.kombatcopper.com

Kombat Copper Inc. (TSXV:KBT)
Historical Stock Chart
Von Jun 2024 bis Jul 2024

Kombat Copper Inc. (TSXV:KBT)
Historical Stock Chart
Von Jul 2023 bis Jul 2024