Business · Energy & Commodities · 6 hrs ago
Kaoko reports copper-silver discovery at Namibia's Chalkos project
Kaoko Metals says its first two drill holes at the Otniel prospect have confirmed copper and silver mineralisation.
Otniel is part of the Chalkos exploration project in Namibia.
One hole returned 37.1 metres grading 1.23% copper and 15.2 grams of silver per tonne, while the other returned 48 metres grading 1.02% copper and 12.9 grams of silver per tonne.
Both holes also contained shorter intervals with higher grades.
These results give the company laboratory measurements to compare with copper seen in the drill core earlier.
They are early exploration results, and the company says it needs more drilling to establish the size and continuity of the mineralisation.
Drilling is continuing at Otniel, while a second rig is testing copper mineralisation at Donkey Hill; further Otniel assays are also expected.
Kaoko Metals says its first two drill holes at the Otniel prospect confirmed broad, shallow copper-silver mineralisation at the Chalkos project in Namibia.
Hole DDOT001 returned 37.1 metres grading 1.23% copper and 15.2 grams per tonne silver from 54 metres.
Hole DDOT002 returned 48 metres grading 1.02% copper and 12.9 grams per tonne silver from 46 metres down-hole.
The company says drilling is continuing at Otniel and a second rig is working at Donkey Hill.
- Who
- Kaoko Metals, an exploration company.
- What
- It reported assay results confirming copper-silver mineralisation in its first two drill holes at Otniel.
- When
- The results were reported on 11 October 2026.
- Where
- The Otniel prospect at the Chalkos project in Namibia.
- Why
- The drilling is intended to assess the scale and continuity of mineralisation at Otniel and test Donkey Hill.
This story does not have two clearly opposing sides.
Confirming broad zones of shallow copper-silver mineralisation with higher-grade zones in our first two drill holes is an exciting start to our drilling campaign at Chalkos
To achieve these results with our very first holes drilled within a 400km² landholding highlights the enormous exploration opportunity ahead of us.
We are still just at the beginning of this exploration campaign.
Kaoko reported broad zones of visible mineralisation in its opening two holes.
Kaoko reported maiden assay results from the first two Otniel drill holes.
- Project
- Chalkos, Namibia
- Prospect
- Otniel
- DDOT001
- 37.1m at 1.23% copper and 15.2g/t silver from 54m
- DDOT002
- 48m at 1.02% copper and 12.9g/t silver from 46m down-hole
- Donkey Hill
- Surface mineralised footprint extended to more than 1.5km
Sources
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