| Elbe Copper Gold Zinc Silver Project |
| Project Location |
| Okahandja District, Republic of Namibia, Africa |
| Mineral Rights (EPL) |
| Joint venture agreement for EPL 3136 with Ongopolo Mining & Processing to earn 60% interest. Project covers 19,539 ha. |
| Geology Resources/Technical Report |
Elbe Mine Project NI 43-101
 |
| Project Summary |
|
The Elbe Base Metal Project is an advanced stage copper, zinc,
silver and gold deposit, located 70 km northwest of the capital
Windhoek. Access to the site is via a 12 km heavy-load gravel road
off the Trans-Kalahari highway. The main Ruacana power transmission
corridor also crosses the Licence area. Westport Resources concluded a joint venture agreement with Ongopolo Mining & Processing to earn a 60% interest in the project by expending C$1m in exploration and development studies and issuing 300,000 shares over a 2-year period. The signing of the Elbe agreement with Ongopolo marks an initial step in our strategic relationship to jointly develop high value projects with production potential in Namibia. The Elbe option with Ongopolo licence block (EPL 3136) is 19,539 ha in size and incorporates all the historical development area and exploration targets. The licence is surrounded by Teckcominco's ERL-52. Ongopolo own and operate the Tsumeb copper smelter, Otijhase concentrator and mine are bringing into production the Tsumeb, Tschudi, Khusib Springs, Otijhase and Kombat deposits. The Elbe Project is hosted in Darmaran aged quartizites and schists of the Kuiseb Formation. Locally, the most prominent lithology is quartz-biotite schists which intruded by several phases of strongly foliated granitiod and dolerite dykes. The A gossan discovered by airborne geophysics has been traced for over 1500m of which 650m was considered economic by Falconbridge with assays in excess of 1% copper. The A gossan consists mainly of pyrrhotite-chalcopyrite-sphalerite mineralization. Individual drill intersections produced results for example hole 2 of 69 m of 1.11% Cu, 1.39% Zn, 0.88 g/t Au and 8.52 g/t Ag and hole 13 produced 12.84 m 1.29% Cu, 3.36% Zn, 1.09 g/t Au and 11.84 g/t Ag. Interesting enough the average gold grade of about 0.5 g/t for the sulphide intervals with peak value of 5.4 g/t.  Falconbridge
Exploration (SWA) Ltd. completed a feasibility study in 1974 that
led to the development of three declines for access to the shallow
deposit. One decline terminated within 35 metres of the
mineralization when Falconbridge ceased work in Namibia. Gold Fields
Namibia Ltd., who in 1989 calculated an "ore reserve" of 3.29 Mt at
1.56% Cu, 1.47% Zn, 10.05 g /t Ag and 0.55 g /t gold, after
acquiring the project from Falconbridge. These historical resource
figures do not conform to the mineral resources categories set out
in National Instrument 43-101 and they should not be relied upon.Westport management is not only encouraged by the advanced development potential to mine the Elbe Deposit, rather the project provides an excellent opportunity to expand the known zones of mineralization plus the potential exists for new parallel zones of mineralization and targets identified at the nose fold structure. An aggressive exploration program has commenced at Elbe including Environmental Baseline studies, database management, 3-D computerized modeling of the deposit, surface trenching and sampling and diamond drilling designed to produce a positive feasibility study within two years. |