Antler Gold Inc says it has officially started its exploration program at the Paresis Gold Project located in north central Namibia.
The project spans approximately 21,000 hectares within Namibia’s renowned “gold corridor,” home to significant ventures such as the Otjikoto Gold Mine (B2Gold) and the Ondundu and Eureka Gold Projects (Osino Resources).
This comes after the Canadian-listed mineral exploration company recently successfully secured N$9.4 million to advance its gold exploration endeavours in Namibia and Zambia.
Antler Gold CEO Christopher Drysdale said the conceptual project is in an area with a complex deformation and magmatic history provides structural complexity and lithological variations, presenting potential for both intrusion-related and orogenic-style gold deposits.
In terms of prioritized target areas, he said, “review of historical data (geochemical and airborne geophysical surveys), regional government data, and satellite imagery has allowed for the identification and prioritization of lithological and structural target areas.”
In line with Antler’s core strategy, he added that the Company intends on finding a suitable partner to progress the project through an earn-in or similar agreement, aimed at maximizing future discovery benefits for shareholders.
Meanwhile, the exploration program will roll out in phases, starting with geological mapping and grab rock chip sampling as phase one, followed by a geochemical sampling program in the second phase, depending on initial rock chip assay results.
The license area includes prospective lithological units like the Okonguarri and Karibib Formations of the Swakop Group.
Despite soil and calcrete coverage, the Okonguarri Formation is significant as a hosting stratigraphic unit at the Otjikoto Gold Mine (B2Gold) and the Eureka Gold Project (Osino Resources).
The Karibib Formation shows potential as a host to gold mineralization, with occurrences like Onguati, Goldkuppe, and Erindi, as well as established mines like the Navachab Gold Mine (QKR) and the Arandis Formation.
