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Golden Deeps Limited (ASX:GED)

ALERT: Price-sensitive ASX Announcement for GED
Current share price for GED : $0.043 -0.015 (-25.86%)+
Announcement
Release
12 Feb 2026 8:11AM
Price at Release
$0.058
Full Release
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Summary
Golden Deeps Limited has reported significant mineralisation at its Graceland Critical Metals Prospect, located in Namibia's Otavi Mountain Land. The drilling program intersected intensely mineralised zones beneath high-grade gossans, particularly at Gossan 1 and Gossan 1 East. The company conducted an Induced Polarisation (IP) and Resistivity survey over a 2.5km by 1km corridor, identifying several anomalies indicative of 'Tsumeb-type' sulphide targets, extending the mineralised Graceland Corridor to over 3km. Diamond drilling results revealed high-grade intersections of copper, silver, zinc, and other valuable metals, bolstering the potential for further exploration and development in the area. The findings suggest a strong correlation to the world-class Tsumeb deposit, emphasizing the strategic importance of this region for critical metals exploration.
Key Points
  • Intense mineralisation was intersected below Gossan 1 at Graceland.
  • Diamond drilling results show high-grade Cu, Ag, Zn, Pb, Ge intersections.
  • IP and Resistivity surveys identified 'Tsumeb-type' sulphide targets.
  • Graceland Corridor's mineralisation extends over a 3km strike length.
  • The discovery is located in Namibia’s prolific Otavi Mountain Land belt.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.