Additionally, the company says logistical planning is well advanced ahead of an induced polarisation-resistivity geophysical survey slated to commence in the coming weeks.
The high-powered survey will sweep across the 2km-long stretch at Graceland and is designed to probe the high-grade copper, silver and germanium-rich mineralisation to depths of 300m.
Golden Deeps has its foot on a prime 440-square-kilometre patch of Namibia’s Otavi Mountain Land metallogenic belt, which is home to the Tsumeb mine, which churned out a massive 27 million tonnes of material grading 4.3 per cent copper, 13.5 per cent zinc-lead, 95g/t silver and 50g/t germanium.
Interestingly, early sampling results and field observations at Graceland are displaying the same trademark signatures of the legendary Tsumeb deposit.
Golden Deeps Limited chief executive officer Jon Dugdale said: “The results generated from the large-scale IP survey, which is set to commence shortly, will be modelled and combined with channel and rock chip sampling results to generate drilling targets for both near-surface and deeper Cu-Ag-Zn-Pb-Te ‘Tsumeb-style’ sulphide drilling targets.”
The company is progressing a string of advanced base and critical metals projects on its highly prospective Otavi Mountain Land tenements to upgrade the mineral resource estimates for its Abenab high-grade vanadium project, the Nosib vanadium-copper-lead-silver-gallium deposit and the Khusib Springs silver-copper-zinc-lead deposit.
Silver is increasingly recognised as a future-facing metal, critical to the global energy transition. Its unmatched conductivity makes it essential for solar photovoltaics, electric vehicle wiring and charging infrastructure, wind turbines and power grids. Beyond clean energy, silver is a key component in electronics, 5G and semiconductors, which is driving strong industrial demand for the metal and underpinning its inclusion on emerging critical minerals lists.
The price of the precious silver metal broke the US$40 (A$60) per ounce barrier earlier this month to reach a 13-year-high, driven by supply deficits and increasing demand from the clean energy sector.
Golden Deeps is primed for a step-change at Graceland, with channel sampling and an imminent IP survey expected to deliver 3D drill targets for Tsumeb-style copper, silver, zinc, lead and germanium sulphide systems. Hosting every key metal on the US critical minerals list, Graceland is emerging as a globally significant critical metals play, which could be positioned to leverage surging demand from the energy transition and tight supply markets.
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