Welcome!

News Feed Item

Kombat Copper Completes Reviews on Historical Data and Begins Planning Exploration Programs

TORONTO, ONTARIO -- (Marketwired) -- 03/13/14 -- Kombat Copper Inc. (TSX VENTURE: KBT) ("Kombat" or the "Company") has completed a review of historical work completed on its Exclusive Prospecting Licenses (EPLs) and is now formulating work programs to test the economic potential of these extensive land positions (5 EPLs covering 1,550 km2).

The Company's primary objective is to bring the former producing Kombat Mine back into production and significant efforts are being made to achieve this goal. Kombat has some very attractive exploration tenements in geologically favourable areas of Namibia and efforts are being implemented to explore these land positions for economically viable mineralization.

Kombat's most prospective exploration target is Kombat's strike extension to the west of Weatherly International's Tschudi deposit that is financed and being readied for production. Weatherly have reported resources of 50.1 Mt grading 0.86% Cu and open pit reserves of 22.7Mt grading 0.95% Cu. The ore will be processed using heap leach and Solvent Extraction - Electro Winning (SX-EW) for copper recoveries in the order of 85%. A total of 17,000 tonnes of copper is expected to be produced annually from the Tschudi deposit.

The Tschudi deposit is open at depth and along strike to the west with Kombat Copper retaining the land position to the north, south and west of this deposit. Historic soil sample results display a distinct copper anomaly associated with the favourable stratigraphic horizon on the Kombat ground to the west of the Tschudi deposit. It is known that the deposit dips on to Kombat's ground to the north but future exploration work will concentrate on the geochemical anomaly to the west, which can be extrapolated over a distance of 8-10 kilometers. It is Kombat's intent to drill test this horizon this year. Once environmental management plans are in place (expected at the end of Q1), this program can be implemented.

The Company is targeting a minimum of 7.0-10.0 million tonnes of near-surface oxide mineralization grading 0.75% to 1.0% copper. Based on the anomalous geochemical results determined from the database outline below and the proximity to Weatherly International's Tschudi deposit, the Company feels that this conceptual target is attainable. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Kombat has acquired a historical geochemical database consisting of thousands of soil samples that cover a significant portion of its three EPLs near the famous former producing Tsumeb Mine (30 million tonnes grading 4.3% Cu, 13.9% Pb/Zn, 95 g/t Ag, 50 g/t Ge). The results of this geochemical database are still being evaluated but a number of priority target areas have already emerged. These targets will be subjected to further ground work and will be drill-tested should the target ranking process dictate.

On its westernmost EPL 3943 (Figure 1), Kombat has defined a geological/structural setting that bares distinct similarities to the B2 Gold's Otjikoto Deposit (29 million tonnes grading 1.4 g/t Au) that they are currently readying for production by the end of 2014. Soil sampling by Kombat Copper on EPL 3943 in 2012 defined a distinct gold in soil response within the same geological sequence that hosts the B2 Gold deposit. Drill testing is warranted.

Grant of Options

Kombat has granted a total of 625,000 stock options to various directors and consultants of the Company in accordance with the Company's stock option plan. The options have an exercise price of $0.16 and will expire five years from the date of grant. The options will vest immediately. The grant of options remains subject to approval by the TSX Venture Exchange.

Engaging Transcend Resources Group

Kombat Copper has engaged Transcend Resource Group to provide investor relations services to the Company. Transcend is a well-known investor relations group that will assist Kombat Copper with investor communications and the dissemination of Company news and information. Kombat Copper has entered into a three-month contract with Transcend whereby Transcend will be paid $5,000 per month in consideration for such services. The contract is renewable at Kombat Copper's option.

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 ("EPL's") covering an area of more than 1550 km2. The EPL's 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 Copper's Namibian Land Position, please visit the following link: http://media3.marketwire.com/docs/933107_FIGURE1.pdf.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busine...
SYS-CON Events announced today that Outscale will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outscale's technology makes an automated and adaptable Cloud available to businesses, supporting them in the most complex IT projects while controlling their operational aspects. You boost your IT infrastructure's reactivity, with request responses that only take a few seconds.
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that DivvyCloud will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in rea...
SYS-CON Events announced today that Tintri, Inc, a leading provider of enterprise cloud infrastructure, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Tintri offers an enterprise cloud platform built with public cloud-like web services and RESTful APIs. Organizations use Tintri all-flash storage with scale-out and automation as a foundation for their own clouds – to build agile development environments...
SYS-CON Events announced today that Progress, a global leader in application development, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Enterprises today are rapidly adopting the cloud, while continuing to retain business-critical/sensitive data inside the firewall. This is creating two separate data silos – one inside the firewall and the other outside the firewall. Cloud ISVs ofte...
SYS-CON Events announced today that Tappest will exhibit MooseFS at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. MooseFS is a breakthrough concept in the storage industry. It allows you to secure stored data with either duplication or erasure coding using any server. The newest – 4.0 version of the software enables users to maintain the redundancy level with even 50% less hard drive space required. The software func...
SYS-CON Events announced today that EARP will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "We are a software house, so we perfectly understand challenges that other software houses face in their projects. We can augment a team, that will work with the same standards and processes as our partners' internal teams. Our teams will deliver the same quality within the required time and budget just as our partn...
SYS-CON Events announced today that Interoute has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Interoute is the owner operator of Europe's largest network and a global cloud services platform, which encompasses over 70,000 km of lit fiber, 15 data centers, 17 virtual data centers and 33 colocation centers, with connections to 195 additional partner data centers. Our full-service Unifie...
SYS-CON Events announced today that Carbonite will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Carbonite protects your entire IT footprint with the right level of protection for each workload, ensuring lower costs and dependable solutions with DoubleTake and Evault.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...