Spectacular Copper, Silver 81 Germanium Results Continue at Graceland

Golden Deeps Ltd (“Golden Deeps” or “the Company”) (ASX: GED) is pleased to announce further, spectacular copper, silver, zinc and germanium channel sampling results and exceptionally high-grade copper-silver channel sampling intersections from the Company’s Graceland Prospect’ in the world-class Otavi Mountain Land Critical Metals District of north-east Namibia (see Figures 1, 2(Cu) and 3 (Ag) for locations and Figure 4 for project map).

Further, exceptional high-grade channel sampling results received from the Graceland Prospect at the World-Class Otavi Mountain Land Critical Metals Province in northern Namibia (see Figures 1 to 3, and 4).

Results from the strongly copper mineralised Gossan 1 East outcrop include spectacular grades of up to 42.7% copper (Cu), 176 g/t silver (Ag) 201 g/t germanium (Ge) and 1,240 g/t antimony (Sb) in Channel A6CL009; 1,353 g/t Ag and 29.3% Cu in Channel A6CL007 and up to 23.2% Cu, 298 g/t Ag in Channel A6C1_008.

These spectacular grades are from channel sampling intersections from Gossan 1 East which include:

• 3.5m @ 12.6% Cu, 79g/t Ag, 403g/t Sb in Gossan 1 East Channel A6CL009
  incl. 1.5m @ 27.6% Cu, 140g/t Ag, 33g/t Ge, 872g/t Sb
  incl. 1.0m @ 20.1% Cu, 176g/t Ag, 43g/t Ge, 1,205g/t Sb incl. 0.5m @ 1,240g/t Sb
  incl. 0.5m @ 42.7% Cu, 67 g/t Ag
  within 7.0m @ 7.2% Cu, 59 g/t Ag, 1.2% Pb, 58 g/t Ge, 330 g/t Sb
  incl. 1.5m @ 2.1% Cu, 46 g/t Ag, 2.06% Pb, 116 g/t Ge, 306 g/t Sb incl. 0.5m @ 201 g/t Ge
• 3.0m @ 9.2% Cu, 135 g/t Ag, Gossan 1 East Channell-‘6CL008
  incl. 2.0m @ 13.4% Cu, 188 g/t Ag
  incl. 1.5m @ 16.9% Cu, 229 g/t Ag
  incl. 1.0m @ 21.6% Cu, 194 g/t Ag
• 2.0m @ 16.2% Cu, 442 g/t Ag, 53 g/t Ge, 438 g/t Sb in Gossan 1 East Channel 2-‘6C1_007
  incl. 1.5m @ 21.6% Cu, 588 g/t Ag, 69.3 g/t Ge, 580 g/t Sb
  incl. 1.0m @ 26.8% Cu, 842 g/t Ag, 80 g/t Ge, 729 g/t Sb
  incl. 0.5m @ 24.4% Cu, 1,353 g/t Ag, 70 g/t Ge, 683 g/t Sb
• 2.5m @ 8.3% Cu, 201 g/t Ag, 293 g/t Sb in Gossan 1 East Channel A6CL010
  incl. 1.0m @ 17.7% Cu, 399 g/t Ag, 26.5 g/t Ge, 610 g/t Sb
  incl. 0.5m @ 21.4% Cu, 391 g/t Ag, 39 g/t Ge, 864 g/t Sb

These latest results, as well as the previously released rockchip and channel sampling, confirm the Tsumeb­like geochemical signature of copper-lead-zinc-silver-germanium and antimony at Graceland. The world-class Tsumeb mine, located within 20km of Graceland, produced 27Mt @ 4.3% Cu, 10% Pb, 3.5% Zn, 95 g/t Ag 8: 50 g/t Ge⁵. Tsumeb is a structurally controlled sulphide ore-body related to hydrothermal fluids introduced via fault structures into brecciated carbonate rocks. Later supergene processes formed the many secondary minerals for which the deposit is famous. Graceland also shows evidence of the same structural controls as Tsumeb.

The Induced Polarisation (IP)-Resistivity Survey continues across these key gossan zones, and is designed to detect both near surface and deeper “Tsumeb-style” high-grade Cu-Pb-2n-Ag-Ge sulphide drilling targets³.

The Company has identified several suitable drilling contractors who…