African Metals Corporation (TSX VENTURE: AFR)(FRANKFURT: OWW)
("AFR") 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 RC Drilling
Magnum Drilling Sprl completed a 383 meter reverse circulation
(RC) drilling program at the Luisha South Project in October 2010.
Forty two vertical holes (SPRC001 to SPRC042) were drilled at
approximately 35m centers on the top of the historic stockpile,
located adjacent to the Luisa South open pit (Figure 1).
The geological and analytical results of the RC program will
enable a resource estimate of the copper and cobalt content of the
stockpile.
Drill samples were collected from all holes at one meter
intervals, and riffle split to produce approximately one kilogram
sub-samples for analysis. A total of 418 samples including QC
controls were dispatched to SGS Minerals Laboratory in Kalulushi,
Zambia for sample processing and analysis. Results are expected
towards the end of November.
Luisha South Soil Anomalies RC Drilling
Mangum Drilling Sprl also completed a 200 meter reverse
circulation (RC) drilling program at the Luisha South Project in
October 2010 (Figure 1). A total of four x 50m vertical scout holes
(LURC021 to LURC024) were drilled to test copper in soil
geochemical anomalies highlighted by recent regional soil sampling
programs (refer AFR press release 27 September 2010).
Drill holes LURC021 and LURC022 intersected maroon to red
siltstone and fine grained sandstone. A dark grey to black
sub-metallic mineral, possibly manganese, occurred in variable
amounts in the upper portions of the holes.
Drill hole LURC023 intersected malachite in the first meter,
explaining the 0.39% copper in soil anomaly. The malachite possibly
representing float fragments within the soil profile. Both LURC023
and LURC024 drilled through soil cover and onwards into sedimentary
breccia, possibly of the Red Rat formation. Minor sulphides were
noted in the unit. Diamond tails are planned to be drilled on both
holes to test the model of the breccia overlying mineralized
dolomitic units, as observed in LURC004 which intersected 8m of
copper and cobalt mineralized sediments beneath the overlying Red
Rat unit. Drill hole LURC004 was the southeastern most hole
completed in the June 2010 RC drilling program.
Samples were collected from all four RC holes at one meter
intervals, and riffle split to produce approximately one kilogram
sub-samples which were combined to produce a 2m composite for
analysis. A total of 116 samples including QC controls were
dispatched to ALS Laboratories in Johannesburg, South Africa, for
sample processing and analysis. Results are expected towards the
end of November.
Luisha South Open Pit Diamond Drilling
Rubaco Sprl commenced a 1000m diamond drilling program on the
17th October 2010. To date, approximately 140m have been completed
in two holes, LUDH25 and LUDH26. Both holes are collared in the
base of the pit. The drilling program is scheduled to be completed
by the end of November.
The diamond drilling program is a combination of new holes from
surface and tails to existing RC drill holes. Geological
interpretation of the June RC drill program indicated that a number
of the holes either finished short of, or within, zones of
mineralization; ground water being the common cause of early hole
termination. It is envisaged that geological, density, and
analytical data from the diamond holes will enable an upgrade to
the maiden inferred resource currently reported as 5.8 Million
tonnes at 1.3% Cu for 75,400 tonnes of contained copper metal and
0.4% Co for 23,200 tonnes of contained cobalt metal (using 0.5% Cu
cut-off -AFR press release 18 October 2010).
Kalande Test Pitting
Basanga Consulting Sprl completed in October a test pitting
program at the company's Kalande Project, located approximately 60
kilometers NE of Lubumbashi. A total of 36 test pits were excavated
during the program.
Results from previous regional soil sampling program highlighted
large scale low grade copper and cobalt anomalies of up to 1200 x
800 meters in dimension, overlying leached prospective Roan
Formation (refer AFR press release 22 April 2008). It was
interpreted that a lateritic layer was contributing to the masking
of the geochemical response. The test pitting program was designed
to explore beneath the lateritic layer for evidence of copper and
cobalt mineralization.
The test pits were hand excavated from surface with dimensions
of approximately 1.0m x 0.5m x 4m deep. All test pits bar nine
failed to penetrate beneath the laterite layer. The nine samples
are highlighted on the attached Figure 2. The nine pits revealed
clay and strongly leached siltstones and sandstones. Malachite
mineralization was not observed in the pits, though dark minerals
representing manganese oxides with possible minor heterogenite
(cobalt) were observed in the central anomaly in test pits TP12,
TP13, TP14 and TP18.
Vertical channel samples were collected from all test pits at
one meter intervals. The samples including field duplicates and
standards will be analyzed by Niton portable XRF. The results are
expected to be available by mid-November.
Kalande RAB Drilling
In response to the more extensive laterite development
encountered at the project, Rubaco Sprl completed 127m of open hole
scout RAB drilling from five vertical holes in the Kalande Project
during October 2010 (refer Figure 2). The RAB program was designed
to test the stratigraphy beneath the laterite for mineralization.
Test pits TP12, TP13, TP15, TP17 and TP18 were targeted for
drilling.
All RAB holes successfully drilled through the laterite layer,
and terminated at the water table where sample return was
restricted. White clay and leached pale grey to white siltstone and
minor sandstone was commonly intersected beneath the laterite.
Drill samples were collected from all RAB holes at one meter
intervals, and spear sampled to produce approximately one kilogram
sub-samples for analysis. A total of 127 samples were dispatched to
ALS Laboratories in Johannesburg, South Africa, for sample
processing and analysis. Results are expected towards the end of
November.
AFR will be keeping the market updated on progress as and when
results become available during this phase of the development of
the company.
To view the maps associated with this release, please visit the
following link:
http://media3.marketwire.com/docs/fig1and2AFR.pdf
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
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 Exchange 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 new release.
Contacts: African Metals Corporation Nigel Ferguson President
& CEO +1-604-507-2181 +1-604-507-2187 (FAX)
info@africanmetals.com www.africanmetals.com
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