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Be the first with the news that moves the market- Antler Gold (TSXV:ANTL) has posted an exploration update from Namibia
- The company has found several mineralised trend over it’s 3 licensees
- The Western License has returned 4 additional drilling targets
- Work on the Central License has been limited, due to COVID 19
- Antler Gold (ANTL) is in the grey at C$0.08 per share with a market cap of $4.5 million
Antler Gold (TSXV:ANTL) have posted an exploration update from their Namibian gold licenses, uncovering several new drill targets.
The Erongo Gold Project in central Namibia covers 3 seperate gold licenses, and another 5 under application, for a total landholding of approximately 81,000 hectares/.
The Erongo Gold Project is located some 130 km north west of Windhoek, Namibia’s capital city.
Namibia has an established infrastructure of paved highways, railways, power and water connections.
Antler’s work on its biggest license, named the Western Project, was completed in March of this year and included systematic validation of historic surface geological phenomenon. This was done through geological mapping, augmented by high-resolution walk magnetic surveys. Through this Antler has defined four additional high priority drill targets on the license.
Work on the Central Project has been limited to desktop only work due to COVID-19 shutdowns, and has focused on the interpretation of regional Government airborne magnetic data, and compilation and review of historic data from the immediate area.
Dan Whitaker, President and CEO of Antler said “we are very pleased to have made significant progress on our Erongo Project during this unprecedented time.
“We have several high priority targets to follow up on and eagerly await further information from the ongoing work on the Central Project which contains the southwest extension of a known mineralised trend.
“The safety and security of our employees, contractors and consultants is paramount and we are assured all are following the necessary procedures… we are working closely with the Ministry of Mines and Energy and Energy and the Chamber of Mines in Namibia regarding the status of national health directives.
Antler Gold (ANTL) is holding steady at $0.08 per share at 11:58 am EST.
