Ongwe Minerals Launches Drill Program in Namibia with 6,000m Budget
Event summary
- Ongwe Minerals has commenced a 6,000m RC drilling program at its Belmont and Manga gold prospects in Namibia.
- The company completed its RTO and began trading on the TSXV under the ticker 'OGW'.
- Belmont Prospect spans 12 x 6km with high-grade visible gold rock chips at surface.
- Manga Prospect is located along strike from WIA Gold’s 2.9Moz Kokoseb deposit.
The big picture
Ongwe Minerals is leveraging innovative exploration techniques to target orogenic gold systems in Namibia's emerging Northwest Damara Belt. The region has seen significant discoveries, including Osino Resources' Twin Hills deposit and WIA Gold’s Kokoseb deposit, highlighting its potential for high-grade mineralization. Ongwe's strategic land position and experienced team aim to capitalize on this prospective belt.
What we're watching
- Resource Definition
- How the bedrock sampling campaign will define drill-ready targets for H2 2026.
- Execution Risk
- Whether Ongwe can replicate Osino Resources' success in covered areas.
- Market Dynamics
- The pace at which the Northwest Damara Belt attracts further exploration investment.
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