(TheNewswire)
Vancouver, B.C., Canada – TheNewswire - March 25, 2021 –Deep-South Resources Inc. (" Deep-South " or “ the Company ") (TSX-V: DSM) announces theinitiation of coverage by Red Cloud Securities Inc. The initiatingcoverage report can be found at the following link:
Red Cloud Securities Inc is a registered InvestmentDealer in all Canadian Provinces and Territories and is a member ofthe Investment Industry Organization of Canada (IIROC). Part of RedCloud Securities Inc’s business is to connect mining companies withsuitable investors.
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 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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