Antler Gold Provides Corporate Update On 2022 Work Program
HALIFAX, NOVA SCOTIA
Antler Gold Inc. is pleased to provide an update on acitivites on its projects in Namibia and Zambia.
Onkoshi Project, Namibia
The Company anonuced on April 13, 2022 that it and its wholly owned subsdiary, Antler Gold Namibia (Pty) Ltd. had entered into a binding agreement dated April 13, 2022 to acquire 90% of the Onkoshi Gold Project in Namibia from an arm’s length vendor. The Project will be held in Antler’s project generation vehicle owned 87.5% by Antler and 12.5% by Sherpa Resource Holdings Ltd. The Onkoshi Gold Project, previously known by the Erindi and Vredelus Projects, is considered to rank as one of the best gold targets in Namibia, arguably alongside the B2Gold’s Otjikoto deposit.
The Project is located approximately 140km northwest of Windhoek and covers highly prospective areas of the Damara Mobile Belt for gold and shares significant similarities to B2Gold’s Otjikoto deposits. The project has had a significant amount of historical work performed over it which has successfully delineated open-ended mineralization with an interpreted combined strike length in the order of 5.5 km. A desktop review of all historic data has commenced by Project Generator. In addition, the Company has begun the environmental work which will form part of the Environmental Compliance Certificate application. The company has also commenced negotiations with the various surface right owners encompased by the EPL to secure access for exploration activites.
