Ongwe Minerals Inc. has expanded its Omatjete project area by up to 42% by acquiring adjacent licenses, now controlling 50km of strike on the Okondeka Fault Zone. The company aims to explore the newly discovered Manga Gold Prospect and other structures for potential gold mineralization in Namibia’s Northwest Damara Belt.

The company’s CEO, David Underwood, expressed excitement over the expanded license package, covering the highly prospective Okondeka Fault Zone. The technical team at Ongwe has identified new structures and fault systems within the expanded area, providing additional opportunities for exploration and potential gold discoveries in Namibia.

A detailed structural reinterpretation of the Omatjete area revealed the presence of the Okondeka Fault System and the parallel Okakongo Fault System, which may serve as conduits for gold-bearing fluids. The newly identified structures, spanning 25km, offer significant potential for further exploration and discovery of gold deposits in Namibia’s Damara Belt.

Ongwe Minerals Inc. has acquired a 90% stake in Fallout Investments (Pty) Ltd, obtaining a 100% interest in EPL7400 (36,600ha) and applying for EPL11268 (8,200ha). These acquisitions will enhance the company’s position for gold exploration in Namibia’s emerging Northwest Damara gold belt.

The Omatjete Gold Project and Khorixas Gold Project are key focus areas for Ongwe Minerals, offering significant potential for gold discoveries in Namibia. The company’s technical team has a successful track record in advancing gold projects, including the discovery and sale of gold deposits in the region.

Carl Joone, President and Co-Founder of Ongwe Minerals, has reviewed and approved the technical information in this news release. The company remains committed to advancing its gold exploration projects in Namibia and identifying new opportunities for economic mineral resource development.

Read more at GlobeNewswire: Ongwe Minerals Secures Additional Licenses, Significantly