SYS-CON MEDIA Authors: Dana Gardner, Peter Silva, Kevin Jackson, Jessica Qiu, Dan Stolts

News Feed Item

Kombat Copper Releases Initial Mineral Resource Estimate

- Initial NI 43-101 Inferred mineral resource estimate is 1.7 million tonnes grading 1.93% Copper and 16 g/t Silver, completed on a very limited section of the mine's potential.

TORONTO, ONTARIO -- (Marketwired) -- 05/20/14 -- Kombat Copper Inc. (TSX VENTURE: KBT) ("Kombat Copper" or the "Company") has completed its initial NI 43-101 Inferred mineral resource estimate for the Kombat Mine Project located in north central Namibia of 1.7 million tonnes grading 1.93% Cu and 16 g/t Ag. The current mineral resource estimate is presented in Table 1. A technical report will be filed under the Company's profile on SEDAR within 45 days of this release.

The Kombat Mine is a former producing copper mine that opened in 1962 and closed in 2008 with historical production of 12 million tonnes grading between 2.5% and 3.0% copper with additional credits for lead and silver. It has been mined over a strike length of 3.5 kilometers. Figure 1 shows the longitudinal projection of the Kombat Mine workings and the location of this initial mineral resource.

The initial Inferred mineral resource estimate was defined using the existing historic surface and underground drill holes from the Asis Far West part of the Kombat Mine Property. The Kombat technical team is still reviewing the extensive historical database, which now includes in excess of 7,000 drill holes, and they have identified significant opportunities to increase mineral resources with additional infill and expansion drilling.

Bill Nielsen, President and CEO of Kombat Copper commented; "This initial Inferred resource estimate at Asis Far West will allow us to continue with the preliminary economic studies focused on restarting the Kombat Mine operation. We are very excited not only with this initial resource estimate but the number of quality exploration targets we have been able to identify through the course of our data compilation of the Kombat properties."


----------------------------------------------------------------------------
Table 1: Asis Far West Inferred Resources at Various Copper Cut-Off Grades
----------------------------------------------------------------------------
Cut-Off Grade              Tonnes   Bulk Density     Cu     Pb     Ag   CuEq
Cu%                       (000's)           t/m3      %      %    g/t      %
----------------------------------------------------------------------------
Wireframe                   2,967           2.82   1.39   0.17   12.6   1.58
----------------------------------------------------------------------------
0.25                        2,938           2.82   1.40   0.16   12.7   1.59
----------------------------------------------------------------------------
0.5                         2,729           2.82   1.48   0.15   13.2   1.67
----------------------------------------------------------------------------
1.0                         1,679           2.83   1.93   0.13   15.9   2.15
----------------------------------------------------------------------------
1.5                           787           2.85   2.71   0.13   20.3   2.98
----------------------------------------------------------------------------
2.0                           439           2.86   3.51   0.10   26.2   3.83
----------------------------------------------------------------------------
2.5                           286           2.88   4.19   0.09   30.7   4.56
----------------------------------------------------------------------------
3.0                           206           2.89   4.76   0.09   34.7   5.18
----------------------------------------------------------------------------
3.5                           155           2.90   5.27   0.09   38.8   5.73
----------------------------------------------------------------------------
4.0                           114           2.91   5.82   0.09   42.8   6.33
----------------------------------------------------------------------------
4.5                            78           2.92   6.53   0.09   48.1   7.10
----------------------------------------------------------------------------
5.0                            54           2.94   7.32   0.09   55.7   7.97
----------------------------------------------------------------------------

Notes to Mineral Resource Estimate


1.  CIM definitions were followed for Mineral Resources.
2.  The Qualified Persons for this Mineral Resource estimate are: Richard
    Routledge, M.Sc. (Applied), P.Geo. and Eugene Puritch, P.Eng. of P&E
    Mining Consultants Inc.
3.  Mineral Resources are estimated by conventional 3D block modeling based
    on wireframing at a 0.5% CuEq cut-off grade and inverse distance cubed
    grade interpolation.
4.  CuEq is based on metal price only using the formula: CuEq = Cu% +
    (0.28(i) Pb%) + (0.0113(i) Ag g/t).
5.  Metal prices for the estimate are: US$3.43/lb Cu, US$0.95/lb Pb,
    US$26.47/oz Ag based on a two-year trailing average as of February 28,
    2014.
6.  A variable bulk density of 2.79 tonnes/m3 or higher based on density
    weighting has been applied for volume to tonnes conversion. The "revised
    Tsumeb" formula was used for bulk density calculation where bulk density
    = 363 / (130-(0.874 (i) (Cu% + Pb%))).
7.  Mineral Resources are estimated from 1,307 m elevation to 677 m
    elevation, approximately 300 m depth to 947 m depth below surface.
8.  Mineral Resources are classified as Inferred based on drill hole
    spacing, geologic continuity and quality of data.
9.  A small amount of the resource may have been mined at the east end of
    the AFW zone but stope location and amount of material removed is
    uncertain.
10. Mineral resources which are not mineral reserves do not have
    demonstrated economic viability. The estimate of mineral resources may
    be materially affected by environmental, permitting, legal, title,
    taxation, socio-political, marketing, or other relevant issues. There is
    no certainty that all or any part of the Inferred Mineral Resource will
    be upgraded to an Indicated or Measured Mineral Resource as a result of
    continued exploration.
11. P&E recommends reporting resources at the 1%Cu block model cut-off
    grade.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/kbt0520fig1.pdf.

The new mineral resource estimate compares favourably to the most recent historic resource. The previous historic resource for the Asis Far West area, put out by past operators in 2004, using only wide-spaced surface drilling results.

Additional historic resources in the confines of the Kombat Mine, immediately to the west of the area covered by the current resource estimate, amounts to 623,000 tonnes grading 2.72% copper and 27 g/t silver(i). ((i)Referenced from Weatherly International PLC Annual Report, December 2010, Mineral Resources as at June 30, 2010. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves. Kombat Copper is not treating the historical estimates as current mineral resources or mineral reserves and the historical estimate should not be relied upon.)

Open zones remain undefined by sufficient drill density and are available for further resource expansion. The Company has identified numerous opportunities to further expand and upgrade the historic resources in order to grow on this initial mineral resource estimate. Remnant stopes and isolated mineralized drill intersections require further geological interpretation and additional detailed drilling to more fully define these resource opportunities.

Management believes there is significant potential to find additional mineralization in other parts of the Kombat Mine underground, at depth and along strike through additional detail surface and underground drilling and geological mapping. One drill hole established in the 1980's just off the west end of the Mining Licence, approximately 1,300 meters west from the Asis Far West shaft, intersected 10.72 meters @ 2.35% Cu and 33.38 g/t Ag. It is interpreted that the mineralized stratigraphy of interest is present for a significant strike length untested by past drilling.

Kombat Copper's plans for the remainder of 2014 include continued focus on the Asis Far West area of the Kombat Mine. Various studies on determination of production scenarios as well as estimated capital and operating costs are ongoing. Shaft, underground development and mill refurbishment studies are also being undertaken. The Company is also continuing its efforts to increase and improve estimated mineral resources within the mine environment.

Qualified Person

F. W. Nielsen, P.Geo., President and CEO of Kombat Copper, is the Qualified Person for the Company, who along with Eugene Puritch, P.Eng. and Richard Routledge, P.Geo. the Independent Qualified Persons, have all reviewed and approved the contents of this news release.

QA/QC

In P&E's opinion, results of the quality assurance/quality control program carried out by Kombat Copper for its 2012 re-sampling program indicate that the original assay data are not of industry accepted quality and there appears to have been a high bias in the original Kombat Mine laboratory assaying. The bias may have arisen from contamination at the sample preparation stage but may also have arisen through historic core sampling practice. The assay data may be used in an Inferred Resource estimate to permit evaluation of the project's potential, but extensive re-sampling of available AFW core for intervals within the Inferred Resource wireframes and assaying by commercial laboratories is necessary if the project is to advance to reserves estimation. For a Preliminary Assessment study, P&E recommends a review of the project sensitivity at lower grades/or lower revenues than indicated by the current Inferred Resource estimate.

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 (replacement value est. +$100MM) all supported by the Company's local town site. The Kombat Mine 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 the Kombat Mine.

In addition to mining licenses, the Company holds an 80% interest in five Exclusive Prospecting Licenses ("EPLs") covering an area of more than 2200 km2. The EPLs are located also within the copper-rich Otavi Mountainlands and are in close proximity to Tsumeb.

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 mineral resource estimate, the Company's plans for the Kombat Mine, its expectations for the Kombat Mine and the potential of the 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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Disruptive macro trends in technology are impacting and dramatically changing the "art of the possible" relative to supply chain management practices through the innovative use of IoT, cloud, machine learning and Big Data to enable connected ecosystems of engagement. Enterprise informatics can now move beyond point solutions that merely monitor the past and implement integrated enterprise fabrics that enable end-to-end supply chain visibility to improve customer service delivery and optimize supplier management. Learn about enterprise architecture strategies for designing connected systems tha...
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce the value of the network in helping organizations to maximize their company’s cloud experience.
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
IoT is still a vague buzzword for many people. In his session at Internet of @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, will discuss the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. The presentation will also discuss how IoT is perceived by investors and how venture capitalist access this space. Other topics to discuss are barriers to success, what is new, what is old, and what the future may hold.
Whether you're a startup or a 100 year old enterprise, the Internet of Things offers a variety of new capabilities for your business. IoT style solutions can help you get closer your customers, launch new product lines and take over an industry. Some companies are dipping their toes in, but many have already taken the plunge, all while dramatic new capabilities continue to emerge. In his session at Internet of @ThingsExpo, Reid Carlberg, Senior Director, Developer Evangelism at salesforce.com, to discuss real-world use cases, patterns and opportunities you can harness today.
All major researchers estimate there will be tens of billions devices – computers, smartphones, tablets, and sensors – connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo in Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be!
Noted IoT expert and researcher Joseph di Paolantonio (pictured below) has joined the @ThingsExpo faculty. Joseph, who describes himself as an “Independent Thinker” from DataArchon, will speak on the topic of “Smart Grids & Managing Big Utilities.” Over his career, Joseph di Paolantonio has worked in the energy, renewables, aerospace, telecommunications, and information technology industries. His expertise is in data analysis, system engineering, Bayesian statistics, data warehouses, business intelligence, data mining, predictive methods, and very large databases (VLDB). Prior to DataArcho...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation and integration; and visibility through intelligent business operations and big data.
There will be 50 billion Internet connected devices by 2020. Today, every manufacturer has a propriety protocol and an app. How do we securely integrate these "things" into our lives and businesses in a way that we can easily control and manage? Even better, how do we integrate these "things" so that they control and manage each other so our lives become more convenient or our businesses become more profitable and/or safe? We have heard that the best interface is no interface. In his session at Internet of @ThingsExpo, Chris Matthieu, Co-Founder & CTO at Octoblu, Inc., will discuss how thes...
Last week, while in San Francisco, I used the Uber app and service four times. All four experiences were great, although one of the drivers stopped for 30 seconds and then left as I was walking up to the car. He must have realized I was a blogger. None the less, the next car was just a minute away and I suffered no pain. In this article, my colleague, Ved Sen, Global Head, Advisory Services Social, Mobile and Sensors at Cognizant shares his experiences and insights.
We are reaching the end of the beginning with WebRTC and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) ir...
Can call centers hang up the phones for good? Intuitive Solutions did. WebRTC enabled this contact center provider to eliminate antiquated telephony and desktop phone infrastructure with a pure web-based solution, allowing them to expand beyond brick-and-mortar confines to a home-based agent model. It also ensured scalability and better service for customers, including MUY! Companies, one of the country's largest franchise restaurant companies with 232 Pizza Hut locations. This is one example of WebRTC adoption today, but the potential is limitless when powered by IoT. Attendees will learn rea...
From telemedicine to smart cars, digital homes and industrial monitoring, the explosive growth of IoT has created exciting new business opportunities for real time calls and messaging. In his session at Internet of @ThingsExpo, Ivelin Ivanov, CEO and Co-Founder of Telestax, will share some of the new revenue sources that IoT created for Restcomm – the open source telephony platform from Telestax. Ivelin Ivanov is a technology entrepreneur who founded Mobicents, an Open Source VoIP Platform, to help create, deploy, and manage applications integrating voice, video and data. He is the co-founder ...
The Internet of Things (IoT) promises to create new business models as significant as those that were inspired by the Internet and the smartphone 20 and 10 years ago. What business, social and practical implications will this phenomenon bring? That's the subject of "Monetizing the Internet of Things: Perspectives from the Front Lines," an e-book released today and available free of charge from Aria Systems, the leading innovator in recurring revenue management.
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges.
There’s Big Data, then there’s really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at 6th Big Data Expo®, Hannah Smalltree, Director at Treasure Data, to discuss how IoT, Big Data and deployments are processing massive data volumes from wearables, utilities and other mach...
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at Internet of @ThingsExpo, Erik Lagerway, Co-founder of Hookflash, will walk through the shifting landscape of traditional telephone and voice s...
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehe...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, will discuss single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example...
SYS-CON Events announced today that Gridstore™, the leader in software-defined storage (SDS) purpose-built for Windows Servers and Hyper-V, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Gridstore™ is the leader in software-defined storage purpose built for virtualization that is designed to accelerate applications in virtualized environments. Using its patented Server-Side Virtual Controller™ Technology (SVCT) to eliminate the I/O blender effect and accelerate applications Gridsto...