Broadway Acquires Copper and vVanadium Mining Camp in Namibia

BEIJING (Asian Metal) 5 Jun 19 – On June 3, Canadian-based Broadway Gold Mining Ltd. announced that the Company is expanding its effort to identify world-class deposits and has acquired an 85% interest in an extensive land package in Namibia, Africa. The land is known for hosting both large high-grade polymetallic deposits (Tsumeb Mine) and stratabound copper-silver-cobalt deposits (Zambian Copper Belt, Kalahari Copper Belt), as well as unique deposits of gold, vanadium, germanium and uranium.

Four Exploration Prospecting Licenses (“EPLs”) have been purchased with known mineralization over a total strike length of 30 kms west of Tsumeb, Namibia. Within these licenses, which cover 56.3 square kms, ten former vanadium mines and prospects occur as well as three former copper mines, five of which produced unknown amounts of vanadium in the early half of the 20th Century. All the past-producing mines and prospects on the EPLs are hosted in the Tsumeb Super Group and include the Alt Bobos, Bobosberg N and S, Torassen, Uris, Karavatu, Tsumeb West, Tsumeb and Freisenberg mines.

The four EPLs also cover numerous copper occurrences that extend from and surround the Tschudi copper mine, and this copper horizon extends east to the Tsumeb Mine. Unmined zones still remain to the side of the main mine workings and will be followed up in a planned exploration program. The Tsumeb smelter, owned and operated by Dundee Precious Metals of Toronto, and the town of Tsumeb (44,000 pop.) sit on the eastern boundary of the property.