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