Sulliden Mining Capital Inc. Announces Agreement to Acquire Interest in Namibian Gold and Lithium Mining Project - Seite 2

The vendor’s K17 target is characterized by highly altered albitised zones following both bedding and regional foliation along the southern nose of the Dagbreek syncline and located on the western edge of an interpreted intrusive body. Mineralisation is commonly associated with gold, copper, silver, bismuth, molybdenum & uranium. The vendor has reported collecting and assaying multiple anomalous polymetallic rock chip samples ranging up to 21 g/t gold, 16.25% copper and 37.8 g/t silver.

The vendor has collected multiple high anomalous rock chip samples from their K15 target area, assaying up to 1.1 g/t gold. K15 mineralisation appears to be controlled by a North-Northwest trending fault zone and is associated with sulphide-rich quartz veins.

The reader is cautioned that the Company and the Qualified Person have not validated the analytical or assay results reported by the vendor, nor have they been able to confirm and validate any quality control/quality assurance procedures or processes used by the vendor when it reported its results from the K17 and K15 target areas.

Omatjete Gold and Lithium
The 93,105-hectare Omatjete Gold/Lithium Project is located approximately 80 km Southeast of the Khorixas Project and within the Northern Central Zone of the Damara Orogenic Belt which encapsulates the Uis Lithium/Tin/Tantalum belt. The North Central Zone hosts a number of significant deposits such as WIA’s recently discovered Kokoseb Gold deposit (1.3 Moz – see WIA Gold’s website at https://wiagold.com.au/kokoseb-gold-project-namibia/), the Uis Lithium/Tin/Tantalum mine (81Mt @ 0.73% Li2O – see Andrada Mining’s website at https://andradamining.com/assets/uis/) and the recently commissioned Xingfeng’s Lithium/Tin/Tantalum operation.

The Omatjete Gold/Lithium Project is transected by two regional shear zones, one crossing the northern part of the property and one crossing the southern part. Both shear zones are known to host orogenic gold deposits. The northern shear zone hosts the Kokoseb Deposit approximately 20 km west of the property, whereas the southern shear zone hosts the Gross Okangjou Gold Occurence and Epako Gold Prospect located 5 km and 30 km east of the property, respectively.

The recently commissioned Xingfeng Lithium/Tin/Tantalum Operation which mines lithium-cesium-tantalum pegmatites is located immediately adjacent to the western property boundary. The mine pegmatites have been traced along strike to the east onto the Omatjete Property in preliminary prospecting and mapping work by the vendor. However, the Omatjete property has not seen any significant exploration for lithium in its history.