Highlights
- Confirmation of multiple historically defined copper showings in outcrop as well as newly discovered copper mineralisation at surface in both EPL 7081 and EPL 7079
- Identification of redox boundary geological setting on EPL 7079, closely related to the nearby Okohongo copper-silver deposit
- Successful renewal and issuance of Environmental Clearance Certificates for EPL 7079 and EPL 7082
AIM-listed Serval Resources, a company focused on building an independent copper and future metals developer, is pleased to announce the results of its first geological mapping campaign across two key Exclusive Prospecting Licenses (EPLs) in the Kaoko Basin, Namibia. These results have confirmed the prospectivity of these EPLs, which hold the potential for copper-silver mineralisation from surface, and will assist in identifying priority targets for further evaluation.
The Company is also delighted to have received renewals of the Environmental Clearance Certificates (ECCs) for EPLs 7079 and 7082, which are an important regulatory requirement in Namibia and allow for Serval to continue with exploration activities on these EPLs for a further three years.
CEO, Robin Birchall, commented:
"It is exciting that we had our first opportunity to get feet on the ground and start to do work in Namibia. Our land package in the Kaoko Basin is large and one of our positive challenges is target prioritisation, which we aim to address by a systematic approach to exploration. Geological mapping is an important component of this, as it can be used to refine geological interpretations and identify priority zones for follow-up geophysical and soil sampling programmes, before future drilling to expand the known mineralisation. In terms of the findings of this initial programme, it has confirmed the prospectivity of these EPLs and it is of course encouraging to see extensive copper mineralisation at surface.
I would also like to congratulate our team for the receipt of the important ECC renewals, which demonstrate our commitment to sustainable and responsible exploration practices, as well as our experience and capabilities in environmental management.”
EPL 7081
EPL 7081 is Serval’s highest priority licence in the Kaoko Basin and contains a number of key targets where historical drilling has established higher grade copper-silver mineralisation, including Omatapati, Otjozongombe and Horseshoe. Copper-silver mineralisation is believed by the Company to be most prospective at the contact between the Lower and Upper Omao Formations.
Geological mapping covering approximately 20 km² was completed on EPL 7081 by the Serval team. The mapping confirmed visual identification of copper mineralisation associated with the Nosib/Otavi contact at the Horseshoe prospect. Mineralisation is specifically occurring within the Omivero Shale and along the contact with the Lower Omao unit, extending into the Lower Omao. Visible mineralisation was also confirmed at the Lower and Upper Omao contact at Omatapati, with surface expressions extending further southeast of Omatapati.
Mapping efforts on EPL 7081 produced a more accurate delineation of the Lower and Upper Omao contact, together with the identification of visible copper mineralisation at Omatapati. This will enable more focused follow-up work, including detailed geological mapping, geophysical surveys, and soil sampling. These results also open the opportunity to extend the Omatapati prospect in a south easterly direction.