Deep-South Resources (DSM) - Legal Update & Zambian Schedule DSM interview from Crux Investors https://youtu.be/8c5BXfowSaU https://www.deepsouthresources.com/ Updated investors presentation https://www.deepsouthresources.com/wp-content/uploads/DSM-Investor_Presentation-June_2022.pdf
DEEP-SOUTH TO ACQUIRE UP TO 80% OF THREE COPPER EXPLORATION LICENCES IN THE HEART OF THE ZAMBIA COPPER BELT VANCOUVER, BC, July 6, 2022 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or the Company) (TSXV: DSM) announces that it has closed an option agreement entered on March 28, 2022 (the "Option Agreement") with World Class Minerals Venture Ltd ("WCMV"), a private company of Zambia, to acquire up to 80% undivided interest in three copper Large Scale Exploration Licences (the "Licences") in the center of the Zambian Copper belt, one of the most prolific copper belts in the world. The Option Agreement: WCMV has granted the Company the sole and exclusive right to acquire up to a 80% undivided interest over a period of five (5) years following the execution of the Option Agreement in the Licences LEL 23246, LEL 23247 and LEL 23248 in Zambia. Pursuant to the Option Agreement, Deep-South has to make a cash payment of USD $150,000, the issuance of a total 1.75 million common shares of the Company (the "Common Shares") and total work expenditures of USD $3,000,000. As of today, the Company has already paid a total amount of USD $30,000 and issued 500,000 Common Shares. During the Option Agreement, the other payments will be made as follow: Milestone.........Cash............Securities........................Exploration Work Commitments Year 2.........USD$30,000.......250,000. common shares......- Year 3.........USD$30,000........-............................................Not less than USD$1,000,000 Year 4.........USD$30,000......1,000,000.common shares...Not less than USD$1,000,000 Year 5.........USD$30,000........-............................................Not less than USD$1,000,000 Before the end of the second anniversary of the Option Agreement, Deep-South will also complete the collection and analysis of 100 soil samples over the identified anomalies on Licence LEL 23246 and 350 soil samples over the identified targets on each of Licences LEL 23247 and LEL 23248. Deep-South will then decide whether to proceed with more intensive sampling or to evaluate any drilling targets. Upon completion of the payments due in the second year, Deep-South will have acquired an undivided interest in 51% of the Licences. Data Acquisition: In connection with the Option Agreement, Deep-South has acquired all of the exploration data for the Licences held by Mr. Nathan Sabao (the "geological consultant") by entering into a mining exploration data agreement dated March 28, 2022 (the "Mining Exploration Data Agreement"). Deep-South will issue 500,000 Common Shares to the geological consultant. Furthermore, on the first anniversary of the Mining Exploration Data Agreement, the geological consultant will transfer to Deep-South all of the exploration data for the Licences in consideration of the issuance of a further 500,000 Common Shares. Finder's fee: In connection with the entering into the Option Agreement and the Mining Exploration Data Agreement, Deep-South has issued 300,000 Common Shares as a finder's fee to Gestion Karl Mansour Inc., an arm's length party to the Company and WCMV. 50,000 Common Shares will be issued to Gestion Karl Mansour Inc. at the same time the payments described above for Year 3 of the Option Agreement are made. All securities to be issued in connection with the Option Agreement, the Mining Exploration Data Agreement and the finder's fee will be subject to a hold period of 4 months and one day from their date of issuance. The Licences: Luanshya West project (LEL 23247). The licence is situated in the center of the Zambian Copper belt which forms part of the Central African Copper belt, one of the most prolific copper belts in the world. The Large Exploration Licence covers 5,423.26 hectares (54.24 Sq. Km). A National Instrument 43-101 Standards of Disclosure for Mineral Projects ("43-101") compliant technical qualifying report is available on SEDAR at www.sedar.com under Deep-South's profile. The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the Democratic Republic of Congo (the "DRC") are located. This prospectivity is reinforced by a positive series of coincident soil geochemical anomalies over the contact zone. The project area is close to established copper / cobalt mines with Chibuluma mine some 35Km to the north-east, Chambishi mine 41Km north-northeast, N'changa mine 53Km north-northwest and Luanshya mine some 40Km east-southeast from the centre of the project area. Some 850 soil samples and some geophysical data were collected over the subject property by Teal (a subsidiary of African Rainbow Minerals Ltd) between 2007 and 2009. The airborne geophysical data was evaluated by the geophysical consultant K. P. Knupp on behalf of Teal. Knupp identified a total of 11 targets for strata- bound vein-hosted Cu, Pb, Zn, Co, Ni, Ag and Au mineralisation and 1 target for stratiform Cu-Co mineralisation over the larger exploration property then held by Teal. Chililabombwe project (LEL 23247). The licence is situated in the north of the Zambia Copper belt near the DRC border. The Large Exploration Licence covers 2,200 hectares (22.5 Sq, Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. The project area is close to established copper / cobalt mines with Konkola mine 12 km west and the Lubambe mine 30 km to the north-west from the center of the project area. Mpongwe project (LEL 23248). The licence is situated in the center of the Zambian Copper belt. The Large Exploration Licence covers 67,500 hectares (675 Sq. Km). The project prospectivity is based on the location of the subject property over the unconformable contact zone between basement granites and Lower Roan Group sediments where most copper belt mines in both Zambia and the DRC are located. More information about the Licences and the planned programs will be disclosed after closing of the transactions described herein. Qualified Person Peter Walker B.Sc. (Hons.) MBA Pr.Sci.Nat. of P & E Walker Consultancy is the main author of the 43-101 resource qualification report on LEL 23246, and is a Qualified Person as such term is defined in NI 43-101. Mr. Walker is responsible for the technical part of this press release. About World Class Mineral Ventures Ltd: WCMV is a Zambian private exploration company held in equal part by Mr. Kavumba Ngoma, Mr. Nathan Sabao and Mr. Chisunka Chileya Mpundu On another matter, the Company also announces that the board has approved the grant of 450,000 stock options to two directors at an exercise price of $0.08 per share for a term of three years from the date of the grant. The stock options were granted in accordance with the Company's Stock Option Plan.
THE POWER PLAY in 3 minutes Deep-South Resources - Pierre Leveille, CEO - 07 July 2022mp4 https://thepowerplay.jwpapp.com/m/s...re-leveille-ceo-07-july-2022mp4?list=CQw6yjwj
Deep South Resources Inc. TSX.V: DSM OTCQB: DSMTF http://www.deepsouthresources.com/ https://www.deepsouthresources.com/investors/news-releases/ https://twitter.com/deepsouthres https://www.facebook.com/DeepSouthResources/ https://www.linkedin.com/company/deep-south-resources/?originalSubdomain=ca https://ceo.ca/DSM Strategic shareholder: Teck Resources Ltd Current Price 0.035¢ An all time low Current Market cap 5,200,000$ Canadian Current working capital 1,100,000$ Canadian DSM Zambia Power Play https://thepowerplay.jwpapp.com/m/sWTKC39A/deep-south-resources-pierre-leveille-ceo-07-july-2022mp4?list=CQw6yjwj
This week meet Piere Leveille, CEO Deep South Resources! 1st 7min.40sec about the economy then after CEO is on…
Investor Presentation Latest Update https://www.deepsouthresources.com/wp-content/uploads/DSM-Investor_Presentation-June_2022.pdf
Hunting for Large Copper Deposits in Zambia Webinar details + Free reistration link Thursday, July 21, 2022 @ 11:00 AM ET https://6ix.com/event/hunting-for-large-copper-deposits-in-zambia/ Join Deep-South Resources' CEO, Pierre Léveillé, as he runs through the company's three new exploration licences in Zambia and why he believes copper is a long-term bet. A lively Q&A follows the conversation, where you can ask Pierre anything about the company, its new licences, the jurisdiction, copper and more. Deep-South Resources is a mineral exploration and development company. Deep-South is actively involved in the acquisition, exploration and development of major mineral properties in Africa. Deep-South growth strategy is to focus on the exploration and development of quality assets, in significant mineralized trends, close to infrastructure, in stable countries. Mandatory free registration: https://webinars.6ix.com/conferences/9e7e8eb51557/registration_modal
https://www.stockwatch.com/News/Item/Z-C!DSM-3283279/C/DSM DEEP-SOUTH BOARD OF DIRECTORS WILL START THE SEARCH TO REPLACE THE LATE MR. JOHN AKWENYE AS CHAIRMAN. IN THE MEAN TIME THE BOARD HAS NOMINATED JEAN-LUC ROY AS ACTING CHAIRMAN Vancouver, B.C., Canada – July 27, 2022 – Deep-South Resources Inc. ("Deep-South"or the Company) (TSX-V: DSM) announces that its Board of Directors will start the search to find and appoint a new Chairman or Chairwoman to replace the late Mr. John Akwenye who passed in May 2022. In the mean time, the Directors have nominated Mr. Jean-Luc Roy to the position of Acting Chairman of the Board.
