Cazaly Resources Secures Prospecting Licence for Abenab North Project in Namibia
Cazaly Resources Ltd. has obtained an exclusive prospecting licence for the Abenab North project in northern Namibia, part of the Otavi Fold Belt. The area is known for its carbonate-hosted copper and base-metal deposits, along with rare-earth element mineralisation. The project is approximately 20 km east of the historic Tsumeb Copper Mine. Cazaly plans further geophysical work to identify drill targets and will initiate ground activities in the coming quarter.
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Cazaly Resources Ltd. secured an exclusive prospecting licence for the Abenab North project in northern Namibia, expanding its presence in the Otavi Fold Belt. The project is located between Tsumeb and Grootfontein within a geological setting known for carbonate-hosted copper and base-metal deposits, as well as rare-earth element mineralisation.
Abenab North is 20 km east of the Tsumeb Copper Mine, which produced about 30 million tonnes of copper, zinc, and lead before closing in 1996. Cazaly has identified untested magnetic anomalies in the licence area and plans to conduct further geophysical assessments and ground activities soon.
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