Spectacular copper, silver-81 germanium results continue at Graceland Critical Metals Prospect, Namibia

Gouden Diepen Ltd (“Golden Deeps” or “the Company”) (ASX: GED) is pleased to announce further spectacular copper, silver, zinc and germanium channel sampling results and exceptionally high-quality copper-silver channel sampling intersections from the company’s Graceland Prospect’ in the world-class Otavi Mountain Land Critical Metals District in northeastern Namibia (see Figures 1, 2 (Cu) and 3 (Ag) for locations and figure 4 for the project map).

Further exceptional high-quality channel sampling results received from the Graceland Prospect in the world-class Otavi Mountain Land Critical Metals Province in northern Namibia (see Figures 1 to 3 and 4).

Results of the highly mineralized copper Gossan 1 East outcrops include spectacular grades up to 42.7% copper (Cu), 176 g/t silver (Ag), 201 g/t germanium (Ge) and 1,240 g/t antimony (Sb) in channel A6CL009; 1,353 g/t Ag and 29.3% Cu in channel A6CL007 and up to 23.2% Cu, 298 g/t Ag in channel A6C1_008.

These spectacular numbers come from channel sampling intersections of Gossan 1 East, including:

• 3.5m@. 12.6% CU, 79G/T HASS, 403g/t Sb in Gosan A6CNEL A6CNEL I
  incl. 1.5 m @ 27.6% Cu, 140 g/ton Ag, 33 g/ton Ge, 872 g/ton Sb
  incl. 1.0 m @ 20.1% Cu, 176 g/t Ag, 43 g/t Ge, 1,205 g/t Sb incl. 0.5 m @ 1,240 g/t Sb
  incl. 0.5 m @ 42.7% met, 67 g/ton AG
  within 7.0 m @ 7.2% Cu, 59 g/t Ag, 1.2% Pb, 58 g/t Ge, 330 g/t Sb
  incl. 1.5 m @ 2.1% Cu, 46 g/t Ag, 2.06% Pb, 116 g/t Ge, 306 g/t Sb incl. 0.5 m @ 201 g/t Ge
• 3.0 hrs @.2% CU, 135 g/t, gosan 1 East Channel -6Cl008
  incl. 2.0 m @ 13.4% Cu, 188 g/ton Ag
  incl. 1.5 m @ 16.9% with, 229 g/ton AG
  incl. 1.0 m @ 21.6% Cu, 194 g/ton Ag
• 2.0 m @ 16.2% Cu, 442 g/t Ag, 53 g/t Ge, 438 g/t Sb at Gossan 1 Oostkanaal 2-‘6C1_007
  incl. 1.5 m @ 21.6% Cu, 588 g/t Ag, 69.3 g/t Ge, 580 g/t Sb
  incl. 1.0 m @ 26.8% Cu, 842 g/t Ag, 80 g/t Ge, 729 g/t Sb
  incl. 0.5 m @ 24.4% Cu, 1,353 g/t Ag, 70 g/t Ge, 683 g/t Sb
• 2.5 m @ 8.3% CU, 201 g/ttt, 293 g/t
  incl. 1.0 m @ 17.7% Cu, 399 g/t Ag, 26.5 g/t Ge, 610 g/t Sb
  incl. 0.5 m @ 21.4% Cu, 391 g/t Ag, 39 g/t Ge, 864 g/t Sb

These latest results, as well as previously released crushed stone and channel sampling, confirm Tsumeblike’s geochemical signature of copper-lead-zinc-silver-germanium and antimony at Graceland. The world-class Tsumeb mine, located 20 km from Graceland, produced 27 Mt @ 4.3% Cu, 10% Pb, 3.5% Zn, 95 g/t Ag 8: 50 g/t Ge⁵. Tsumeb is a structurally controlled sulfide ore body related to hydrothermal fluids introduced into brecciated carbonate rocks via fault structures. Later supergene processes formed the many secondary minerals for which the deposit is famous. Graceland also shows evidence of the same structural controls as Tsumeb.

The Induced Polarization (IP)-Resistivity Survey continues in these key Gossan zones and is designed to detect both near-surface and deeper “Tsumeb-style” high-grade Cu-Pb-2n-Ag-Ge sulfide drill targets³.

The company has identified several suitable drilling contractors who will provide indicative quotes for an initial drilling program to test under the identified gossans and identified IP targets.

Golden Deeps CEO Jon Dugdale commented:

“The latest channel sampling results from Gossan 1 East at Graceland include spectacular results of up to 42.7% copper, 1,353 g/t silver and 201 g/t germanium, which have again revealed significant thicknesses of exceptionally high-grade copper-silver-zinc-lead-germanium-antimony mineralization with the same geological signature as the neighboring Tsumeb mine.

“The Gossan 1 East channel sampling intersections lie along a 400 meter long fault structure associated with the Gossan 1 outcrop, which also recently produced very high-grade channel intersections. The large and widespread geochemical soil anomalies within both corridors demonstrate large, structurally controlled, mineralized systems, exhibiting similar controls to the rich Tsumeb deposit – which continued beneath a modest surface 1,500 meters depth.

“Our ongoing IP-Resistivity survey aims to detect both surface sulphide deposits beneath the gossan zones that produced these spectacular grades, and deeper Tsumeb-like sulphide deposits.

“The company looks forward to the results of the IP survey to model drill targets for high-grade Tsumeb-type copper-silver-zinc-lead-germanium deposits.”

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