Namibia’s mines and energy minister has said the country made 23 billion Namibian dollars (2 billion U. S dollars) in exports, while another 1.4 billion Namibian dollars (117 million U.S dollars) came in form of royalties last year.
He also spoke about the work being done by the Geological Survey of Namibia, which through its National Airborne Geophysical Surveys program added 19,500 line-kilometers of electromagnetic data to the national airborne geophysical database.
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VTEMmax survey has identified an untested potential northern extension of the zone which was obscured from historical airborne surveys by a powerline crossing the northern part of the property
The correlation of the preliminary ZTEM and seismic data is very encouraging at Esso West and this combination of surveys will aid in drill targeting.
A 12,000-meter to 14,000-meter diamond-drill program is being planned to test for the feeder zones for the near-surface epithermal gold mineralization and the porphyry system at depth using the three-dimensional geophysics interpretation of the BAM Project.
“The start of our exploration program on the recently acquired Charcoal and Castor uranium projects is an exciting development for Cosa.”