African Metals Corporation: Luisha South Project: First 8 Core Holes Completed; Samples Shipped; Drilling Ongoing
03 Dicembre 2010 - 2:00PM
Marketwired
African Metals Corporation ("AFR") (TSX VENTURE: AFR)(FRANKFURT:
OWW) is pleased to provide an exploration update on its on drilling
activities at its projects in the Democratic Republic of the Congo.
Luisha South Stockpile and Soil Geochemical RC Drill samples
In October 2010, Magnum Drilling Sprl completed a 42 hole,
reverse circulation (RC) drilling program on top of the historic
Luisha South open pit stockpile. The program produced 418 samples
including QC controls from 383m of drilling. Mangum Drilling Sprl
also completed a 4 hole (RC) drilling program to test regional
copper in soil geochemical anomalies to the south and southeast of
the open pit. The program produced 116 samples including QC
controls from 200m of drilling.
All 534 samples were dispatched to ALS Laboratories in
Johannesburg, South Africa, for sample processing and multi-element
ICP analysis. Issues with official border customs and transit
protocols at the Zambia-Zimbabwe and Zimbabwe-Republic of South
Africa borders resulted in a two week delay in delivery of the
samples to ALS. The border issues were mainly due to a backlog of
trucks carrying copper blister from the DRC.
The samples are now being fast tracked by ALS and results are
expected mid-December.
Luisha South Open Pit Diamond Drilling
Rubaco Sprl commenced a 1,000 meter NQ diamond core drilling
program on the 17th October 2010. To date they have completed 5
holes in the base of the pit for 365.20 meters. Progress has been
hindered by technical issues including, lack of drilling additives,
water loss, single shift only for the first three weeks, and drill
crews new to copper belt lithology's. Steps to rectify the issues
have been implemented. Core recovery was maintained between 83% and
91%.
To expedite the drilling program, DrillTek Sprl was engaged to
drill all the diamond holes planned for the outside of the open
pit, whilst Rubaco continued drilling the holes designed for within
the base of the pit. DrillTek Sprl commenced drilling on the 15th
November 2010. To date they have completed 3 holes for 218.80
meters of NQ core, with greater than 95% core recovery. DrillTek
lost 3 days drilling out a broken core barrel, and have a 200m hole
in progress.
The combined total of diamond drilling completed at the project
is 584.00 meters.
To view the tables associated with this release, please visit
the following link:
http://media3.marketwire.com/docs/afr-tbls.pdf.
All of the drill holes intersected consistent chalcopyrite and
carrolite mineralization with visual estimates ranging from 0.5 to
3% chalcopyrite, locally up to 5%. Mineralization styles observed
in the core include both syngenetic (bedding parallel fine pyrite
lenses replaced by chalcopyrite and carrolite) and epigenetic
(fracture and vein hosted sulphides). Core orientations are
required to determine structural trends of the vein mineralization.
Carrolite is a cobalt sulphide mineral composed of approximately
40% cobalt and 20% copper in its chemical makeup, the remaining
percentages going to iron, sulphur and minor nickel. Carrolite is
amenable to bio-leaching, and weathers to produce the high grade
cobalt mineral heterogenite. The visual estimates of mineralization
are comparable to those from the first round of RC drilling
completed in June 2010, and AFR is confident of maintaining
geological correlations between the holes.
Rubaco have approximately 3 holes (100m) to complete, all being
shallow new ones in the base of and entrance to the open pit.
DrillTek have approximately 6 tails (375m) to complete on the south
side of the pit. If drilling performance and production continues
improvement then up to 4 extra diamond holes may be drilled. AFR
plans to have all drilling completed by mid-December, with core
logging and core sampling continuing up to and over the festive
season. Analytical results from SGS are expected early February to
enable resource estimation by the end of February.
AFR will be keeping the market updated on progress as and when
results become available during this phase of the development of
the company.
Nigel Ferguson, AusIMM, President and CEO of the Company and a
qualified person under National Instrument 43-101, has verified
data disclosed in this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS
CORPORATION
Nigel Ferguson, President & CEO
To view the figures that accompany this release, please visit:
http://media3.marketwire.com/docs/afr-figs.pdf.
This News Release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. These statements are only predictions and involve known and
unknown risks, uncertainties and other factors that may cause our
or our industry's actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our industry, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, the Company does not
intend to update any of the forward-looking statements to conform
these statements to actual results.
Neither the TSX Venture nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release.
Contacts: African Metals Corporation Peter Rook-Green Treasurer
+1-604-507-2181 +1-604-507-2187 (FAX) info@africanmetals.com
www.africanmetals.com
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