Kombat Copper Inc.
TSX VENTURE : KBT

Kombat Copper Inc.

July 08, 2015 07:00 ET

Kombat Completes Drilling Program and Provides Latest Results of 1.35% Cu and 15.36 g/t Ag Over 15.53 Metres

TORONTO, ONTARIO--(Marketwired - July 8, 2015) - Kombat Copper Inc. (TSX VENTURE:KBT) ("Kombat" or the "Company") has received the final assay results from its recently completed 35 hole diamond drill program. A near-surface mineral resource is indicated along specific intervals of the Kombat Mine trend.

Drilling Highlights:

  • Hole K15-030 intersected 1.35% Cu and 15.36 g/t Ag over a 15.53m core length
  • Hole K15-033 intersected 0.64% Cu and 1.1% Pb over a 22.07m core length

Full Results can be found in Table 1 set out below.

Bill Nielsen, President and CEO of Kombat Copper, commented: "I am very pleased with the final assay results as they continue to be indicative of the style and grade of the mineralization we have intersected throughout our targeted diamond drilling program at the Kombat Mine. We will now need to determine the extent of the zones and their ability to host sufficient copper and lead mineralization through a more detailed drill program in order to fully assess the future potential of the project."

Drilling Results

From this last series of drill results, Hole K15-030 confirms mineralization that was encountered in K15-028 on the margins of an old stope that assayed 10.95% Cu over 1.2 meters (See Figure 1). From these holes, two distinct mineralized zones were intersected, one of which was copper-lead rich while the other was only lead rich. Hole K15-031 was drilled beneath an outcrop containing copper mineralization on the Central Pit trend and several zones of low-grade mineralization were intersected. Hole K15-032 was drilled along a well-known trend but in an area that has seen very little in the way of intensive drilling and reported a near surface intersection of 0.95% copper over 0.6m. This result warrants additional sampling. Several other lower grade intersections were defined, one of which was lead enriched. Intersections in Hole K15-033 further defined mineralization seen to the east of the #3 Shaft (See Figure 2). These are significantly lead enriched with several zones of significance being defined.

Holes K15-034 and 035 did not return any significant copper mineralization.

Next Steps

Kombat will be performing a detailed interpretation of the drilling results to determine the lateral extent of the various mineralized structures and investigating the relationship between copper and lead mineralization to determine why some zones contain appreciable lead vales while others have virtually none. This interpretation will inform the design of more detailed drill programs at closer densities.

Work is also continuing on the update of the Kombat Mine's database with the goal of being able to display all past mine workings in 3D view. With this completed, the Kombat team will have a better view and understanding of the underground and geological structures that determined the Kombat Mine's development and can potentially identify additional targets for investigation.

Table 1

Hole # From
(m)
To
(m)
m True
width
Cu % Pb % Ag g/t
K15-030 29.47 45.00 15.53 9.63 1.35 0.8 15.36
incl. 29.47 32.86 3.39 2.10 4.57 3.59 53.44
incl 43.02 45.00 1.98 1.23 2.53 0.015 24.53
K15-031 2.60 7.94 5.34 3.31 0.48 0.007 4.89
and 50.36 52.00 1.64 1.02 0.54 0.0006 4.56
K15-032 15.36 15.96 0.6 0.37 0.95 0.00 21.7
and 34.90 41.55 6.65 4.12 0.04 1.06 0.85
and 52.00 53.53 1.53 0.95 0.47 0.02 2.75
K15-033 1.53 23.60 22.07 13.68 0.64 1.10 4.95
incl. 1.53 13.83 12.3 7.63 1.04 1.62 8.16
and 28.24 31.00 2.76 1.71 1.12 0.04 2.46
and 50.80 61.00 10.2 6.32 0.78 1.48 4.89
incl. 50.80 57.00 6.2 3.84 1.13 2.43 6.72
* assumes zone are vertically dipping.

Table 2: Summary of All 2015 Drill Holes

Hole # From
(m)
To
(m)
Length
(m)
Est. True
Width
Cu% Pb% Ag g/t
K15-001 8.27 37.92 29.65 18.5 1.24 0.0053 19.18
Incl. 14.76 32.27 17.51 10.9 1.86 0.0044 29.34
K15-002 13.47 24.58 11.11 6.8 0.75 0.14 6.68
K15-003 NSV
K15-004 32 51 19 9.3 0.97 2.24 11.58
incl. 38.64 43 4.36 2.70 3.49 9.65 37.06
K15-005 19.34 46.65 27.31 13.4 0.61 1.95 5.68
incl. 19.34 34.37 15.03 7.4 0.17 3.53 2.15
incl. 33.68 46.65 12.97 6.4 1.23 0.23 11.54
K15-006 1.5 10.2 8.7 5.39 0.57 NSV 4.32
K15-007 15.1 23.57 8.47 5.25 0.69 NSV 6.39
K15-008 32.21 34 1.79 1.11 2.74 NSV 19.36
K15-009 17.15 18.85 1.7 1.05 0.54 NSV 2.07
K15-010 0 19.25 19.25 11.94 1.16 NSV 11.04
K15-011 0 13.76 13.76 8.53 0.16 NSV 1.64
K15-012 3.55 11.88 8.33 5.16 1.37 NSV 14.77
K15-012 40.05 50.11 10.06 6.24 0.1 NSV 1.52
K15-013 5.4 24.52 19.11 11.85 0.76 NSV 9.12
K15-014 46.25 61.59 15.34 9.51 0.47 NSV 1.89
K15-015 9.66 23.6 13.94 8.64 2.86 NSV 9.66
incl. 9.66 12 2.34 1.45 16.31 0.07 75.34
K15-016 NSV
K15-017 53.7 79.12 25.42 15.76 0.29 0.51 1.61
K15-018 41.4 52.95 11.55 7.16 0.48 0.004 4.73
K15-019 NSV
K15-020 21.1 44.45 23.25 14.42 0.56 0.01 1.98
K15-021 7.44 46.33 38.89 24.11 0.66 2.29 8.67
incl. 32.03 46.33 14.3 8.87 1.38 2.32 17.84
K15-022 34.07 42.3 8.23 5.1 2.01 0.39 7.9
K15-023 6.82 11.26 4.44 2.75 0.63 0.08 1.42
K15-024 NSV
K15-025 NSV
K15-026 40.13 43.38 3.25 2.02 0.84 4.46 8.9
K15-027 NSV
K15-028 29.2 30.4 1.2 0.74 10.95 0.16 142
K15-029 43.84 54 10.16 6.3 1.05 0.003 15.36
K15-030 29.47 45.00 15.53 9.63 1.35 0.8 15.36
incl. 29.47 32.86 3.39 2.10 4.57 3.59 53.44
Incl. 43.02 45.00 1.98 1.23 2.53 0.015 24.53
K15-031 2.60 7.94 5.34 3.31 0.48 0.007 4.89
and 50.36 52.00 1.64 1.02 0.54 NSV 4.56
K15-032 15.36 15.96 0.6 0.37 0.95 NSV 21.7
and 34.90 41.55 6.65 4.12 0.04 1.06 0.85
and 52.00 53.53 1.53 0.95 0.47 0.02 2.75
K15-033 1.53 23.60 22.07 13.68 0.64 1.1 4.95
incl. 1.53 13.83 12.3 7.63 1.04 1.62 8.16
and 28.24 31.00 2.76 1.71 1.12 0.04 2.46
and 50.80 61.00 10.2 6.32 0.78 1.48 4.89
incl. 50.80 57.00 6.2 3.84 1.13 2.43 6.72
K15-034 NSV
K15-035 NSV
NSV= No Significant values
Note that there are several corrections and updates to those originally published.

Readers are cautioned that the thicknesses and grade from the above intersections are not necessarily representative of potential resource tonnes and grade as there has been insufficient exploration work to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

A second phase of drilling will likely be required to attain a sufficient density of data to calculate a compliant mineral resource estimate. The second phase drill program is scheduled to be completed once sufficient funding is in place and the Company will be providing interested parties and shareholders with updates as the results of this second phase drill program become available.

QA/QC

Assay QA/QC for these drill holes are checked and verified through the use of blind standards, duplicates and insertion of blind blanks into the sample stream. Initial indications are that the QAQC results are within expected limits. Samples were prepared at ALS Laboratory Namibia (Pty) Ltd and analyzed at ALS Minerals laboratory in Johannesburg, South Africa.

Qualified Person

F. W. Nielsen, P.Geo., President and CEO of Kombat Copper, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information and has verified the data included in this press release. As the President and CEO of the Company, Mr. Nielsen is not considered independent.

About Kombat Copper

Kombat Copper (TSX VENTURE:KBT) is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in place with significant upside.

The Company holds an 80% interest in five Mining Licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company's flagship property: the past-producing Kombat Mine. The Kombat Mine's extensive infrastructure includes an 800m production shaft which was opened in 2006, two additional recently-operational shafts, three ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator. The Kombat Mine opened in 1962 and historically produced 12.46 million tonnes of ore grading 2.62% copper over a period of 45 years. It is linked to vital existing infrastructure, including power, water, roads, and rail with close proximity to the port of Walvis Bay and to one of only five commercial-grade smelters in Africa located in Tsumeb, located 100 road kilometers away from Kombat.

Cautionary Notes

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements. These statements include statements regarding the drill program, possible mineralization and deposits, the anticipated timeline regarding future exploration work and availability of results, Company's expectations regarding mineral resources and potential development work and the Company's plans for the Kombat Mine, including its dewatering and any financial impact. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

To view Figure 1: Kombat Shallow Surface Drilling Location of Holes (Central Pit Area) and Figure 2: Kombat Shallow Surface Drilling Location of Holes (West of Central Pit), please visit the following link: http://media3.marketwire.com/docs/1016183_F1-2.pdf.

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