Ongwe identifies 5km gold anomaly at Namibia’s Omatjete project

Ongwe Minerals has discovered a gold-in-soil anomaly extending implicit a 5km onslaught magnitude astatine its Omatjete Gold Project successful Namibia.

This caller aboveground golden find, termed the Nguni anomaly, is situated astir 17km from Ongwe’s existing Manga golden find and astir 55km from Wia Gold’s Kokoseb project, which has a declared assets of 2.93 cardinal ounces.

According to the company, the Nguni anomaly remains unfastened to the north, eastbound and west, indicating the imaginable for further enlargement with further sampling.

Soil samples from the tract person returned assay results of up to 730 parts per cardinal (ppb) gold, with important golden trends supra 100ppb on multi-kilometre stretches.

The mineralisation appears to beryllium concentrated wrong meta-sediments adjacent granitic contacts, a geological mounting likened by Ongwe to the Kokoseb ungraded anomaly.

The find was made utilizing Ongwe’s detectORE system, followed by an infill sampling run astatine 100 × 100m spacing, with investigation conducted astatine MSALABS successful Omaruru.

Regarding the detectORE technique, the institution emphasised that it is employed for accelerated on-site appraisal and should not beryllium utilized arsenic a ceremonial quantification instrumentality for golden contented oregon authoritative assets estimates.

Fire assay and different laboratory confirmation methods person been utilized alongside this exertion to verify results.

The institution is presently undertaking further infill sampling astatine 50 × 50m solution to delineate the anomaly much precisely.

Ongwe stated that elaborate geological mapping astatine the imaginable is partially hindered by overburden but is ongoing alongside a planned drone magnetic survey.

Drilling is besides scheduled astatine the Belmont imaginable wrong the abstracted Khorixas Gold Project arsenic portion of Ongwe’s broader exploration activities successful Namibia’s North-west Damara Gold Belt.

Ongwe Minerals CEO Dave Underwood said: “The recently discovered Nguni imaginable is the biggest golden successful ungraded anomaly I person seen successful Namibia since archetypal embarking connected exploration present successful 2008.

“We are presently doing infill mapping and sampling to accurately specify the mineralisation footprint for the drill programme to commencement successful H2 2026 [second fractional of 2026].”

Additionally, Ongwe has signed an statement via its 51% subsidiary Belmont Minerals Exploration to get a 90% involvement successful a licence country adjacent to the Omatjete Gold Project.

Under the terms, Ongwe volition contented 175,000 shares to the seller, on with imaginable milestone payments totalling up to C$4m ($2.87m) babelike connected the constitution of important mineral resources astatine the site.

The institution is not required to undertake exploration connected this circumstantial licence.