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Kombat Copper Defines the W800 Extension With Resource Calculation Underway

28.02.2014  |  Marketwire

TORONTO, ONTARIO--(Marketwired - Feb 28, 2014) - Kombat Copper Inc. ("Kombat Copper" or the "Company") (TSX VENTURE:KBT) has completed a detailed review of its extensive historical data base and verified material drill information to infill a previously unidentified zone of mineralization between the Asis Far West ("AFW") Sector and previous mine workings to the east of the Asis West Area a distance of some 300 meters known as the W800 Extension (Figure 1). The W800 Extension is up-plunge of the drilled defined AFW Sector in an area with no previous underground access and limited drill testing.

Approximately 90 meters west of the exploration-developed drift on the 12 level, a drill intersection (Au12/200) of 16.0 meters grading 10.35% Cu was defined. Another intersection (Au12/177) of 6.0 meters grading 3.59% Cu has been identified in the same zone. Historic assays are as follows:

Table 1: Historic Results for Drill Hole Au12/200
Hole ID From (m) To (m) Length (m) Cu %
Au12/200 105 107 2 1.60
Au12/200 107 109 2 2.79
Au12/200 109 111 2 18.18
Au12/200 111 113 2 20.10
Au12/200 113 116 3 19.92
Au12/200 116 118 2 6.56
Au12/200 118 121 3 2.45
TOTAL 16 10.35
Table 2: Historic Results for Drill Hole Au12/177
Hole ID From (m) To (m) Length (m) Cu %
Au12/177 115 118 3 1.22
Au12/177 118 119 1 7.17
Au12/177 119 120 1 0.41
Au12/177 120 121 1 10.27
TOTAL 6 3.59

Several hundred meters further to the west of stopes on 12 level (Figure 1), surface drill holes have intersected 3.7 meters assaying 6.5% Cu (AW90A), 4.0 meters assaying 1.78% Cu (AW90C) and 2.5 meters assaying 2.58% Cu (AW115A). Due to the limited nature of the historic mineralized intersections the true width cannot be determined. Original assay files and drill logs have been found and the data has been verified.

In February of 2013, Kombat Copper completed a diamond drill core re-sampling program from the historic AFW Sector. The best result is from diamond drill hole AW101A located at the eastern edge of the AFW Sector, that returned 10 meters of 8% copper and 124 g/t silver. A resampling of hole AW90C, mentioned above, is located in the W800 Extension Sector and returned 7.66% Cu but over a core length of 3.2 meters. This is a significant upgrade to that historically reported.

From this information, it is now interpreted that significant widths of copper mineralization can be defined to within 150 meters of the AFW Sector and any future drilling will target the continuity of the mineralized system in an effort to join up the Asis West and Asis Far West Sectors.

Kombat Copper's recently completed geological reinterpretation for the area supports the concept of the emplacement of this historically defined copper mineralization and may ultimately expand its mineralization inventory as Kombat progresses with additional drill definition.

The Company anticipates publishing a mineral resource estimate for the AFW Sector by the end of the first quarter of this year. This mineral resource estimate shall contribute to the ongoing Preliminary Economic Assessment (PEA) of the Kombat Mine, targeted for release early third quarter of 2014.

The Company has also determined that the brownfields restart of the Kombat mine could be accomplished quickly and with relatively low capital cost if initial production rates of 500-700 tonnes per day are considered. Kombat's objective would be to ramp up to 1,100 tonnes per day (the design capacity of the current mill) over a 1 to 2 year period as more forward development is completed and the mill is returned to its proven design capacity. It appears that existing infrastructure will require minimal rehabilitation and existing underground development will allow a quick ramp up of production in the event economic viability is determined in the PEA.

PDAC Investor Exchange

Kombat Copper will be attending the PDAC Investor Exchange March 2nd and 3rd. The Company looks forward to updating its shareholders and interested investors in person at Booth #2221.

About Kombat Copper

Kombat Copper (TSX VENTURE:KBT) is a publicly traded Canadian exploration and development company with its core operations focused on copper resources in Namibia, one of the world's most prospective copper regions, where it has substantial assets in place with significant exploration upside.

The Company holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company's flagship property: the past-producing Kombat Mine. The Kombat Mine's extensive infrastructure includes an 800m production shaft which was opened in 2006, three recently-operational shafts, ramp systems, extensive underground workings, mine buildings, a tailings facility, a mill and concentrator all supported by the Company's local town site. The Kombat mine originally opened in 1962 and historically produced ~8.7 million tonnes of ore grading 3.1% copper and is linked to vital existing infrastructure, including power, water, roads, and rail with close proximity to the port of Walvis Bay and to one of only five commercial-grade smelters in Africa located in Tsumeb, located 100 road kilometers away from Kombat.

In addition to mining licenses, the Company holds an 80% interest in five Exclusive Prospecting Licenses ("EPLs") covering an area of more than 1550 km2. The EPLs are located also within the copper-rich Otavi Mountainlands and are in close proximity to Tsumeb.

Qualified Person

F. W. Nielsen, P.Geo., President and CEO of Kombat Copper, is a "qualified person" as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.

Cautionary Notes

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.

This news release may contain forward-looking statements. These statements include statements regarding the Company's plans for the Kombat Mine, its expectations for the Kombat Mine and the expected effect on the Company's financial and operating results. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.

To view Figure 1: Kombat Mine Longitudinal Section, please visit the following link: http://media3.marketwire.com/docs/KBT228-F1.pdf



Contact

Kombat Copper Inc.
Bill Nielsen
President and CEO
+1 (416) 861-1685
Kombat Copper Inc.
Rob Hopkins
Manager, Investor Relations
+1 (416) 861-5899
info@kombatcopper.com
www.kombatcopper.com


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