(TheNewswire)
Vancouver, B.C., Canada – TheNewswire - February 25, 2021 –Deep-South Resources Inc. (" Deep-South " or “ the Company ") (TSXV:DSM) announces that ithas appointed the MSA Group of South Africa to produce an updatedNational Instrument (“NI”) 43-101 resource estimation for theCompany’s 100%-owned advanced Haib copper project located in thesouth of Namibia. The report will follow the completion of the currentdrilling program.
Pierre Leveille, President & CEOof Deep-South stated that: "We are pleased to have appointed MSA; theirvast experience will help to enhance an already robust project andunlock further value while reducing risk for our shareholders. Withthe backdrop of a strong copper price, we are highly optimistic forthe coming years that Haib will garner additional interest frominvestors and other interested parties.”
The mandate of MSA includes site visits to verify datacollection, quality assurance and controls, develop a structuralgeological model in collaboration with Deep-South’s geological team,assess the presence of domains and model these domains in three dimensions, complete a geostatistical study for each domain andissue an updated NI 43-101 resource estimation.
About MSA
The MSA Group is a leading provider of exploration,geology, mineral resource and reserve estimation, mining andenvironmental consulting services to the mining industry. Establishedin 1983, MSA has serviced its international client base in more than40 countries. MSA is the leading provider of mineral explorationservices on the African continent. You can visit their web site at: http://msagroupservices.com
About Deep-South ResourcesInc.
Deep-South Resources is a mineral exploration anddevelopment company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largestundeveloped copper deposits in Africa. The recent preliminary economicassessment demonstrated that at a price of copper of $3.00 / lb, itgenerates an after-tax NPV of $950 million and an after-tax IRR of30%. At $4.00 / lb, it generates an after-tax NPV of $1,650 millionand an after-tax IRR of 42%. (See the press release here:https://www.deepsouthresources.com/investors/news-releases/deep-south-pea-update-returns-singnificantly-improved-economics/)
Deep-South is actively involved in the acquisition,exploration and development of major mineral properties in Africa.
Deep-South growth strategy is to focus on theexploration and development of quality assets in significantmineralized trends and close to infrastructures in stable countries.Furthermore, in using and assessing environmental friendlytechnologies in the development of its copper project, Deep-Southembraces the green revolution.
This press release contains certain"forward-looking statements," as identified in Deep-South’s periodic filings with Canadian Securities Regulators thatinvolve a number of risks and uncertainties.
There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements.
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined inthe policies of the TSXVenture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
More information is available by contacting PierreLéveillé, President & CEO at
+1-819-340-0140 or at: info@deepsouthresources.com or
Paradox Public Relations at +1-514-341-0408.
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