Antler Gold Inc. expands its land holdings in Namibia
Antler Gold Inc. (TSXV: ANTL) is excited to announce the expansion of its land holdings in Namibia. The company has been awarded two additional exploration licenses by the Ministry of Mines and Energy of Namibia. These licenses, EPL-9134 and EPL-9135, augment the Paresis Gold Project land package to approximately 812 km² (81,189 ha) within Namibia’s highly prospective ‘gold corridor’.
Increasing potential for gold deposits
The expansion of the Paresis Gold Project provides Antler with a high potential for hosting gold deposits similar to well-known mines in the region such as the Otjikoto Gold Mine (B2Gold) and the recent discoveries like the Eureka Gold Project (Osino Resources). Additionally, EPL-9134 presents an opportunity for a Carlin-style gold deposit, known as the Victory Gold Target, which is characterized by a large regional-scale thrust fault and base metal occurrences indicating a fertile mineral system.
Renewal of Exclusive Prospecting Licenses
Antler’s Erongo Gold Project, consisting of EPL-8010 and EPL-6408, has been renewed for another two years. This renewal solidifies the company’s presence in the region, providing contiguous land adjacent to the Twin Hills Gold Project recently acquired by Yintai Gold Corp.
Strategic positioning for exploration
Christopher Drysdale, CEO of Antler Gold Inc., expressed the company’s pleasure at strengthening its presence in the Damara Gold Province. With access to significant land holdings in the Central and Northern Zones of the Damara Belt, Antler is strategically positioned to explore the vast potential of the region. The company remains committed to maximizing shareholder value through strategic partnerships and ongoing exploration efforts.
Insight into the geological potential
The geology of the Victory Gold Target and the broader Damara Orogenic Belt presents significant mineralization potential. The geological history of the region, characterized by foldings, faulting, and deep-seated thrusts, provides structural pathways for gold-bearing hydrothermal fluids to channelize and potentially form gold deposits. The presence of base metal occurrences further signifies the area’s fertile nature for mineral exploration.
Antler Gold Inc.’s focus on organic royalty creation
Antler Gold Inc. is a Canadian mineral exploration company listed on the TSX Venture Exchange. The company’s focus on organic royalty creation in Africa’s premier jurisdictions reflects its commitment to building a risk-diversified business model. By assessing new regional opportunities, Antler aims to generate short and long-term income while providing stakeholders with exposure to potential returns from the discovery process.
In conclusion, Antler Gold Inc.’s expansion of its land holdings in Namibia, coupled with the renewal of its Exclusive Prospecting Licenses, positions the company strategically for exploration and potential discoveries in the highly prospective Damara Gold Province. The geological characteristics of the region further enhance the company’s prospects for uncovering valuable mineral deposits.
