VANCOUVER,
Jan. 25, 2013 /CNW/ - Kombat
Copper Inc. (the "Company") (TSX.V: KBT) is pleased to report
that drilling has resumed at its 80% owned Kombat Mine in
Namibia and expects to deliver
2012 drilling results shortly.
One diamond drill rig is currently operating at
the Asis Far West ("AFW") area close to the new 850 meter
exploration and development shaft located within the Kombat mining
licence. A series of five holes has been designed to confirm
historical resources identified by previous owners and prove there
is great expansion potential of the known copper ore body as the
Company moves towards delivering a NI 43-101 compliant resource.
The initial hole has a target depth of approximately 900m and is
expected to be completed in February
2013. The remaining four holes will proceed
uninterrupted.
The Company completed its initial diamond
drilling program consisting of seven (7) holes totaling 1437 metres
in December 2012. These holes were
designed to confirm historical copper-lead-zinc-silver
mineralization within the eastern near-surface portion of the main
Kombat orebody located 3 km east of the AFW shaft.
Prior to seasonal shutdown, the Company
submitted over 600 samples to the Bureau Veritas Laboratory whilst
the remaining samples are being processed for shipping and assay.
Results from this program are forthcoming.
Mr. Alexander
Helmel, the Company's President states: "Our initial
drilling program was designed primarily to confirm known copper
lead zinc silver resources and has only scratched the surface of
the project. Our team continues to execute its strategic plan
to tap into the mine's true potential and we feel positive that the
Kombat mine has significant untapped mining potential at our finger
tips and blue sky exploration potential yet to unlock shareholder
value."
Qualified Person
Mr. Colin
Russell, P.Geo., the Qualified Person as defined by National
Instrument 43-101, is responsible for the design of the program,
and all exploration work on the Kombat Project will be done under
his supervision. Mr. Russell has read and approved the
technical content of this news release.
Stock Options
The Company has granted incentive stock options
to certain directors and consultants of the Company to purchase in
aggregate, of up to 300,000 common shares of the Company. The
stock options are exercisable on or before January 24, 2018 at a price of $0.25 per share.
About Kombat Copper Inc.
Kombat Copper Inc. is a public Canadian
exploration and development company focused on the acquisition of
copper assets in southwestern Africa. The Company recently acquired the
Kombat Copper Project which consists of a past producing mine, mill
and concentrator historically capable of processing 1,000 tonnes of
ore per day. The project has more than 100 years of production
history and is located in northern Namibia, a region known for copper production
from high grade deposits. In addition to these historically
producing assets, the Company has acquired five EPL's in close
proximity to the mill and concentrator, near the town of Tsumeb.
These highly prospective EPL's cover an area of more than 2,250
square kilometers. The Kombat Copper management team and founders
have a considerable amount of experience in Namibia and internationally, and combines
managerial, financial and technical expertise used to generate
value for project stakeholders.
All statements in this news release, other
than statements of historical fact, that address events or
developments that Kombat Copper Inc. expects to occur, are
"forward-looking statements". Forward-looking statements are
necessarily based on estimates and assumptions that are inherently
subject to known and unknown risks, uncertainties and other factors
that may cause Kombat Copper Inc.'s actual results, performance or
achievements to be materially different from those expressed or
implied by such forward-looking statements. Such factors include,
without limitation: significant capital requirements and the
ability to raise equity capital; the risks of obtaining and
maintaining the validity and enforceability of the necessary
licenses and permits and complying with the permitting requirements
in, Namibia; the lack of certainty
with respect to foreign legal systems, which may not be immune from
the influence of political pressure, corruption or other factors
that are inconsistent with the rule of law. Forward-looking
statements are not guarantees of future performance, and actual
results and future events could materially differ from those
anticipated in such statements. Kombat Copper Inc. expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except in accordance with applicable
securities laws.
SOURCE Kombat Copper Inc.