Promising gold find at Otavi

A CANADIAN mining company, Teal Exploration & Mining, will undertake a pre-feasibility study following promising preliminary finds of gold south-east of Otavi.

The company has identified a 1,3 million ounce gold resource after recent drilling at its Otjikoto Gold Project. Rick Menell, Teal’s President and Chief Executive Officer, on Monday said Teal completed an assessment study related to the viability of mining operations at Otjikoto.”The positive conclusion of this study has motivated us to start immediately with a pre-feasibility study of the mineral resource.Another drilling programme will commence during May and will result in a second phase of resource estimation upgrade.”An Environmental Assessment Study, is underway and this study will include flora and fauna, water resource management, meteorological data collection and social impact assessments,” Menell said in a press release.Teal owns the Otavi Exploration Area in Namibia within which the Otjikoto Gold Project is situated.it covers some 3 084 square kilometres, the area is north-east of Otjiwarongo.Rick Menell, Teal’s President and Chief Executive Officer, on Monday said Teal completed an assessment study related to the viability of mining operations at Otjikoto.”The positive conclusion of this study has motivated us to start immediately with a pre-feasibility study of the mineral resource.Another drilling programme will commence during May and will result in a second phase of resource estimation upgrade.”An Environmental Assessment Study, is underway and this study will include flora and fauna, water resource management, meteorological data collection and social impact assessments,” Menell said in a press release.Teal owns the Otavi Exploration Area in Namibia within which the Otjikoto Gold Project is situated.it covers some 3 084 square kilometres, the area is north-east of Otjiwarongo.