Arcadia Minerals has announced significant progress at its Karibib Copper-Gold Project in Namibia, particularly in the Gamikaubmund area, where recent exploration has identified three mineralised outcrops spanning approximately 1.1 kilometers.
The company confirmed the presence of skarn-type gold and copper mineralisation at three key sites: Gamikaubmund South (556m), Gamikaubmund Central (320m), and Gamikaubmund North (230m).
A 2020 induced polarisation geophysical survey, recently acquired by Arcadia, aligns these outcrops with a key regional structure, indicating further mineralisation potential.
Historical exploration, including a 1984 study by Goldfields, has previously highlighted the area’s mineral prospectivity.
In 2021, Arcadia collected 44 rock chip samples, yielding peak grades of 26.3 grams per tonne (g/t) of gold, 28.40% copper, and 453 g/t silver.
The company has now planned a 15-hole, 1,000-metre reverse circulation drilling program to assess the depth and extent of the mineralisation.
The Karibib region hosts several major mining operations, including the Navachab Gold Mine, located 35km north, the Twin Hills Gold Discovery, 50km north, and the Kokoseb Gold Project, which holds a JORC resource of 2.12 million ounces.
Arcadia’s ongoing exploration efforts suggest geological similarities with these projects, reinforcing its confidence in the site’s potential.
The company is also in discussions regarding a potential project-level exploration earn-in for the Karibib Project, as it seeks to accelerate development in the mineral-rich region.
“Whilst these discussions are underway, there is no guarantee that an agreement will be reached. The Company will continue to update the market as appropriate,” the company said.
