Deep-South Resources Inc. announces that the Haib Copper License EPL 3140 has been officially renewed by the Ministry of Mines and Energy of Namibia on Friday July 7, 2023 is valid for a period two years from the date it was renewed. Pierre Leveille, President & CEO of Deep-South stated: "This is a very good news. The Board of Directors and Management of Deep-South are highly pleased to be back at Haib. With the scarcity [...]
Deep-South Resources Inc. announces that it has received the complete assay results from the soil sampling program on the Luanshya West project in Zambia. Pierre Léveillé, President & CEO of Deep-South states: "These results are exciting as they enabled the delineation of several large copper and cobalt anomalies. These results compare favorably to current and past mines on the Copperbelt which have held thresholds in the [...]
Deep-South Resources Inc. announces that since the verdict ordering the Ministry of Mines and Energy of Namibia to re-open the renewal application procedure of 2021, the Haib Copper Licence EPL 3140 has been reinstated by the Ministry with the status "pending renewal". The application procedure is well advanced and we expect a final decision in the coming weeks. As the licence has been reinstated, pending renewal on the [...]
Deep-South Resources Inc. announces the appointment of Alfredo Luis Riviere Rodriguez as Director. Mr. Riviere replaces Thomas Tumoscheit as the representative of Euro Alloys Ltd. Mr. Tumosheit is leaving Euro Alloys and has resigned as Director of Deep-South. Euro Alloys has the right to appoint a Director to the Board of Directors of Deep-South further to a financing and off take agreement closed on March 8, 2019. . Mr [...]
Deep-South Resources Inc. announces the first results from the soil sampling program on the Luanshya West project in Zambia. Pierre Léveillé, President & CEO of Deep-South states: "These preliminary results are very encouraging as current and past mines on the Copperbelt have held thresholds in the range of 50ppm to 150ppm, averaging 80ppm copper and peak values in the range of 100ppm to 450ppm copper. We look forward to [...]
Deep-South Resources Inc. announces that the Directors of Haib Minerals Ltd met with the Minister of Mines, the Mining Commissioner and the Deputy Executive Director. The meeting was held at the Ministry of Mines and Energy of Namibia on Thursday April 13, 2023. The meeting was very constructive. The Ministry has not appealed the High Court verdict . As per the court verdict, the Ministry has re-opened the application [...]
Deep-South Resources Inc. or the Company) announces that the High Court of Namibia has rendered its judgment and reviewed and set aside the decision of the Minister not to renew the Haib Copper licence EPL 3140. The effect of the order is that the Minister must resume the licence renewal application procedure and arrive at a new decision. The court noted that the facts presented by Haib Minerals should not have been [...]
Deep-South Resources Inc. or the Company) announces that the High Court of Namibia has postponed the publication of the verdict in the case to review the Minister's decision not to renew the Exploration and Prospecting licence to March 15, 2023. Pierre Leveille, President & CEO of Deep-South stated, "With the recent events at the Ministry of Mines, the decision of the judge to postpone the verdict a second time is an [...]
Deep-South Resources Inc. announces that, as a result of a continuous disclosure review by the British Columbia Securities Commission , the Company is issuing the following news release to clarify its disclosure as it pertains to its Technical Report entitled "Haib Copper Project 2020 Preliminary Economic Assessment" on the Haib Copper project near Noordover in the south of Namibia . The Technical Report was filed on [...]
Deep-South Resources Inc. announces that it has closed the second and final tranche of its previously announced non-brokered private placement . In the first tranche 4,200,000 units and in the second tranche 9,700,000 Units for a total of 13,900,000 at a price of $0.05 were issued for aggregate gross proceeds of $695,000. Each Unit was priced at $0.05 and consists of one common share and one-half of one common share [...]
Deep-South Resources Inc. announces that it will close a second tranche in an oversubscribed non-brokered private placement. The second tranche will be closed for an amount of $490,000. A first tranche totaling $210,000 has already closed. The first tranche comprised 4,200,000 units at $0.05 per unit. The total offering will comprise up to 14 million units at $0.05 per unit for a total of up to $700,000. Each Unit will [...]
Deep-South Resources Inc. announces that it will close a first tranche in a new non-brokered private placement. The first tranche will be closed for an amount of $210,000. The offering will comprise up to 10 million units at $0.05 per unit for a total of up to $500,000. Each Unit will consist of one common share and one half of one common share purchase warrant . Each whole Warrant will entitle the holder thereof to [...]