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Golden Deeps Limited (ASX:GED)

ALERT: Price-sensitive ASX Announcement for GED
Current share price for GED : $0.056 0.016 (40%)+
Announcement
Release
9 Jul 2026 9:32AM
Price at Release
$0.040
Full Release
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Summary
Golden Deeps Limited (ASX:GED) announced a new deeper diamond drilling initiative at its Graceland Prospect in Namibia's Otavi Mountain Land. The program will target 'Tsumeb-type' sulphide deposits within the Gossan 1 Corridor, with the initial phase involving 10 diamond drillholes to explore IP-sulphide targets in the top 100 meters. Following this, a second stage will investigate deeper extensions and the strongest IP anomaly, Gossan 1 Far East. The previous exploration yielded exceptional results, including intersections with high copper, silver, and zinc grades. With site preparation underway, drilling is set to start shortly.
Key Points
  • Golden Deeps Ltd (ASX:GED) is launching a new diamond drilling program at the Graceland Prospect.
  • The drilling targets 'Tsumeb-type' sulphide targets within the Gossan 1 Corridor, located in Namibia’s Otavi Mountain Land.
  • The program will initially involve 10 diamond drillholes to test IP-sulphide targets in the top 100m.
  • Stage 2 will explore deeper extensions and a third IP target, Gossan 1 Far East.
  • Exceptional previous results include intersections with up to 31.7% Copper, 1,353 g/t Silver, and 15.3% Zinc.
  • The initial drilling will focus on high-grade zones identified through channel sampling and shallow drilling.
  • Golden Deeps holds 440km2 of tenements in the Otavi Mountain Land, similar in geology to the Tsumeb deposit.
  • The site preparation is underway, with drilling contracted to commence soon.
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.