Ongwe Minerals Inc (OGW) News
TSXV: OGW · Gold · Exploration stage
- Market cap$79.3M
- Share price$1.33
- 52-week range$0.880 – $1.60
- Shares outstanding59,657,192
- ExchangeTSXV
- Websiteongweminerals.com
Ongwe Minerals Inc. is a Canadian listed gold exploration company focused on the discovery and advancement of new gold systems in Namibia. The Ongwe team, previously with Osino Resources (sold to Shanjin International for CAD$368M), has a history of making and advancing gold discoveries in Namibia, including Osino's Twin Hills (currently in construction) and Eureka deposits, and the advancement and sale of Auryx Gold's Otjikoto gold deposit (in production, sold to B2Gold for CAD$180M). The Company's current focus is on the promising Omatjete and Khorixas Gold Projects in the emerging Northwest Damara gold belt. The Omatjete Gold Project is strategically located along the regional Okondeka Fault Zone, which also hosts the Kokoseb gold deposit (WIA Gold). Early exploration work by Ongwe has led to the discovery of a) the Manga Gold Prospect, which has a 4.5km x 1km footprint of gold in soil and early scout drilling indicating gold in bedrock and b) the Nguni Gold Prospect, which has a 5km long gold in soil footprint with values up to 1.3g/t and open to the west, north and east. The company has tied up 50km of strike length along this prospective fault zone and regional sampling is ongoing to locate further anomalous gold. The Khorixas Gold Project is situated just 60km west of Osino's Eureka gold project, adjacent to the northern margin of the Damara Orogenic Belt. Khorixas hosts two large-scale surface discoveries called Belmont and K17. The Belmont prospect has a surface gold footprint of approximately 12 * 6km and lies between the regional scale, basin margin, Khorixas Fault and the Belmont Thrust Zone. Calcrete and grab sampling to date have indicated eighteen target areas. The K17 prospect is a surface discovery of copper - gold mineralization in soil and rock chip samples approximately 12km 2 in area. This mineralization is believed to be intrusion related and planning is currently underway for a geophysical program in H2 2026 to define the subsurface mineralization and develop drill targets.
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News for Ongwe Minerals Inc (TSXV: OGW) on MineTerminal Pro.