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African Metals Corporation provided initial figures for resources estimated by Geosure Exploration & Mining Solutions Pty Ltd, independent geological consultants, for its Luisha South Project in the Democratic Republic of the Congo.
The resource as estimated includes:An Inferred 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. Resource modeling was also completed at various cut off grades as presented in Table One below and includes a higher grade inferred resources of some 1.8 million tonnes at 2% Cu and 0.4% Co for 36,000 tonnes of contained copper metal and 7,200 tonnes of contained cobalt metal. The resources stated above are more than double those which the company had targeted through its initial drilling program at the Luisha South Project. Nigel Ferguson, CEO and President of African Metals Corp, commented: “The Company is very pleased with this maiden resource estimate, which is expected to continue to grow in the coming months. A diamond drill rig will be mobilising to site soon to infill and extend zones of mineralisation untested by the previous RC drilling program., Management expects further significant increases in the total contained metal content estimated for the Luisha South Project Concurrently the Company will continue surface drilling to seek extensional mineralisation outside the current resource area.” For more information, click here. |
