Ongwe Minerals Uncovers 2km Gold Anomaly at Namibia’s Belmont Prospect
Event summary
- Ongwe Minerals discovered a 2km-long bedrock gold anomaly at its Belmont prospect in Namibia’s Khorixas Gold Project.
- The anomaly, named 'Plains,' is up to 125m wide with gold values in bedrock samples reaching 0.2 g/t.
- 3,970m of drilling was completed across the Khorixas Fault Zone, with assay results pending from MSALABS.
- Exploration has moved to the Manga target on the Omatjete Project, with additional sampling planned at Belmont.
The big picture
Ongwe Minerals’ discovery at Belmont underscores the potential of Namibia’s Northwest Damara Gold Belt, a region attracting increased exploration activity. The find follows similar successes by competitors like Osino Resources and WIA Gold, highlighting the belt’s emerging status as a high-potential gold frontier. Ongwe’s use of innovative bedrock sampling techniques could set a new standard for identifying concealed mineralization in challenging terrains.
What we're watching
- Drill Target Validation
- Whether diamond drilling will confirm higher-grade quartz veins within the Plains anomaly.
- Assay Results Timing
- The pace at which pending assay results from MSALABS could refine resource estimates.
- Project Scaling
- How Ongwe will prioritize further exploration across its three Namibian projects.
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