VANCOUVER, March 5, 2013 /CNW/ - Kombat Copper Inc. (the "Company") (TSX.V: KBT) is pleased to report that Company geologists have identified and
commenced work on priority copper targets within its Exclusive
Prospecting Licences ("EPLs"). The Company's EPL's are located in the
highly prospective Otavi Mountainland of northern Namibia. Please refer
to attached diagram.
At EPL 3941, diamond drilling is now underway to test the down dip
extension of the "Domingo I showing" approximately 3 kilometres to the
south-southeast from the Tsumeb mine and located on the south limb of
the Tsumeb syncline. The Domingo I showing consists of dolostone
outcrop with chalcopyrite and galena mineralisation and the drill
target is based on characteristics similar to surface geology at the
world famous Tsumeb mine.
A second priority drilling target has been established on EPL 3942;
approximately 1.3 kilometres to the east of the Domingo showing.
Heckers Breccia, also known as "Domingo III" a strongly silicified
chert breccia with copper oxide mineralisation in the form of malachite
and chalcocite lies along the south limb of the Tsumeb syncline
approximately 4.5 kilometres from the Tsumeb mine. It has been
identified as a priority target due to its proximity to Domingo I and
the Tsumeb mine. This target is being tested with a short Rotary Air
Blast ("RAB") drilling program.
Mr. Alexander Helmel, the Company's President states: "We are excited to
begin exploration on these EPLs. Historical information and existing
mineralisation on both ours and neighbouring EPLs lead us to believe we
have some very significant targets which have yet to be adequately
tested. We look forward to releasing positive results at the completion
of these exploration programs."
Mr. Colin Russell, P.Geo., the Qualified Person as defined by National
Instrument 43-101, is responsible for the design of the program, and
all exploration work on the Kombat Project will be done under his
supervision. Mr. Russell has read and approved the technical content of
this news release.
About Kombat Copper Inc.
Kombat Copper Inc. is a public Canadian exploration and development
company focused on the acquisition of copper assets in southwestern
Africa. The Company recently acquired the Kombat Copper Project which
consists of a past producing mine, mill and concentrator historically
capable of processing 1,000 tonnes of ore per day. The project has more
than 100 years of production history and is located in northern
Namibia, a region known for copper production from high grade deposits.
In addition to these historically producing assets, the Company has
acquired five EPL's in close proximity to the mill and concentrator,
near the town of Tsumeb. These highly prospective EPL's cover an area
of more than 2,250 square kilometres. The Kombat Copper management team
and founders have a considerable amount of experience in Namibia and
internationally, and combines managerial, financial and technical
expertise used to generate value for project stakeholders.
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.
All statements in this news release, other than statements of historical
fact, that address events or developments that Kombat Copper Inc.
expects to occur, are "forward-looking statements". Forward-looking
statements are necessarily based on estimates and assumptions that are
inherently subject to known and unknown risks, uncertainties and other
factors that may cause Kombat Copper Inc.'s actual results, performance
or achievements to be materially different from those expressed or
implied by such forward-looking statements. Such factors include,
without limitation: significant capital requirements and the ability to
raise equity capital; the risks of obtaining and maintaining the
validity and enforceability of the necessary licenses and permits and
complying with the permitting requirements in, Namibia; the lack of
certainty with respect to foreign legal systems, which may not be
immune from the influence of political pressure, corruption or other
factors that are inconsistent with the rule of law. Forward-looking
statements are not guarantees of future performance, and actual results
and future events could materially differ from those anticipated in
such statements. Kombat Copper Inc. expressly disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, events or otherwise, except in
accordance with applicable securities laws.
Image with caption: "Kombat EPL targets (CNW Group/Kombat Copper Inc.)". Image available at: http://photos.newswire.ca/images/download/20130305_C2444_PHOTO_EN_24277.jpg
SOURCE: Kombat Copper Inc.
For further information:
Scott Kelly, Executive Vice-President
+1 (604) 495-8792
Kombat Copper Inc.
Suite 830 - 1100 Melville Street
Vancouver, British Columbia V6E 4A6