Nigel Ferguson, the President of African Metals Corporation (TSX
VENTURE: AFR)(FRANKFURT: OWW) is pleased to report that the Company
has received final assay results from the remaining 14 holes of the
21 holes completed during the June 2010 Reverse Circulation
percussion drilling program, conducted on its Luisha South Project
in the Katanga Province of Democratic Republic of Congo.
HIGHLIGHTS
-- 42 meters at 1.90% Cu, 0.30% Co from 68m (LURC002) ending in
mineralization;
-- 44 meters at 1.30% Cu, 0.50% Co from 48m (LURC003) ending in
mineralization;
-- 74 meters at 1.20% Cu, 0.40% Co from 38m (LURC005) ending in
mineralization.
Reverse Circulation Drill Assay Results
Titan Drilling Sprl completed a 2,002 meter drilling program at
the Luisha South Project in June 2010. Nineteen angled and two
vertical holes were drilled in the vicinity of the historical
Luisha South Pit. Fifteen holes were collared to the northwest,
west and south of the pit, whilst six holes were collared in the
pit floor.
Drilling tested the potential for mineralization both down dip
and along strike from the current excavated open pit and also
tested significant high grade copper and cobalt assay results
returned from trench and adit sampling completed earlier in March
of this year and reported on the 15th June 2010.
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 1,462 samples including QC
controls were dispatched to SGS Minerals laboratory in Kalulushi,
Zambia for sample processing and analysis.
Assay results from the first 7 holes (LURC014A to LURC020)
indicated that the 'upper' and 'lower' mineralized horizons from
mines such as Kipoi Central (Tiger Resources) were present in the
Luisha South mineralization (refer AFR press release 23 August
2010).
Assay results from the remaining fourteen of the twenty-one
drill holes have now been received including drill holes LURC001 to
LURC014.
Holes LURC001, LURC002, LURC003 and LURC005 were collared on the
southwest side of the Luisha Pit to test the hanging wall of the
historic Pit mineralization. All holes intersected broad intervals
of copper and cobalt mineralization. All holes failed to penetrate
through to the barren basal sedimentary breccia unit due to ground
conditions, indicating that the mineralization is still open at
depth and further testing with diamond core tails is required.
Holes LURC013 and LURC014 were collared on the surface on the
northwest edge of the pit testing for a transverse fault offset to
mineralisation. Both intersected basal sedimentary breccia units,
confirming the presence of an offset structure. Ground water issues
forced the early abandonment of two of the fourteen drill holes
reported, namely LURC006 and LURC012. Drill hole LURC012 terminated
in significant copper and cobalt mineralization on the southwest
side of the Luisa Pit, whilst LURC006 was terminated above the
mineralized stratigraphy down dip of LURC002. Both will be further
tested with diamond core tails.
Geological logging and interpretation of the drill chips suggest
that the mineralization is hosted by dolomitic siltstone and
carbonaceous siltstone of the upper Roan Formation (SD2D to SD3B)
and basal dolomitic arenites and stromatolitic units of the Lower
Kambove (formerly CMN). The interpretation is significant as these
units host the 'third' ore horizon in other nearby mines along the
line of lode such as the Kipoi Central copper deposit as defined by
Tiger Resources Ltd. Geological interpretations suggest that all 3
mineralized horizons are present in the Luisha Project.
Anomalous length weighted drill intercepts based on 0.5% Cu cut
off are summarised in the table below.
To view the table, please visit the following link:
http://media3.marketwire.com/docs/africanmetals.pdf.
Site Visit Completed by Independent Geological Consultant
An independent resource consultant visited the project between
the 15th and 17th August as part of the diligence requirements for
resource estimation for the Luisha South Project. Initial
interpretations by AFR technical staff have been made and now that
all remaining assay results have been received, the resource
estimation is expected to be finalized and released in early to
mid-September.
Soil Sampling of South East Strike Extensions
A regional first phase soil sampling program has been completed
to cover any potential south eastern extension to the Luisha South
Pit mineralization. Samples were collected at 50 meter spacing on
lines 200 meters apart to produce a total of 353 samples. All
samples were analyzed by the Niton Analyzer, with all anomalous
samples being dispatched to ALS Laboratories in South Africa.
Although significant anomalous material has been identified on
several line sections, further infill sampling is required to fully
identify potential zones that may warrant drill testing in the
future. A program has been planned and will commence shortly.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS
CORPORATION
Nigel Ferguson, President & CEO
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.
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.
Drill Hole Sampling and Assaying Procedure
The Company undertakes drilling and sampling to strict
guidelines. The 5.5" RC percussion samples were collected from the
cyclone at one meter intervals. Individual bags were weighed to
determine sample recovery and weights recorded on the appropriate
drill logs. The one meter cyclone sample was run through a 50:50
riffle splitter twice to homogenize and was subsequently further
split to produce two sub-samples each of approximately one kilogram
sample weight. One sub sample was bagged, labeled and stored as
reference sample for future use with the other sub-sample being
combined with the sub-sample from the subsequent one meter sample
interval to produce a two meter sample composite. Holes collared
around the surface of the pit had the 2 meter composite samples
submitted for analysis. Holes collared in the pit floor had the 1m
reference samples submitted for analysis. Quality Control measures
included collection of field duplicates and submission of standards
with the samples.
Samples were delivered under security by road transport to SGS
Minerals Laboratory in Kalulushi, Zambia for sample preparation and
analysis. The laboratory maintains quality assurance protocols in
line with ISO 17025, and maintains quality accreditation for
commercial laboratories in line with ISO 9002. The laboratory also
participates in international round robin programs organized by
LQSI of the USA.
The sample preparation scheme was PRP90; drying for 4 hours at
105 degrees Celsius; crushing to 2mm with 90% passing 2mm; and
pulverizing of a 1000 gram sub-split of the 2mm chips to 85%
passing 75 microns. Digest was scheme DIG42S; 0.4 grams of
pulverized material digested in a 4 acid mixture on a hot plate at
200 degrees Celsius for 45 minutes, with subsequent dilution back
to 100ml before AAS analysis by method 'AAS42S'. Results for
copper, cobalt and manganese were reported in percentages. Lower
detection limits were 0.01% for all 3 elements.
About African Metals Corporation.
African Metals Corporation (TSX VENTURE: AFR)(FRANKFURT: OWW) is
a Canadian listed company focused on the discovery and development
of significant high grade Copper and Cobalt deposits in the highly
mineralized Katanga Copper Belt of the world renowned Africa Copper
Belt in the Democratic Republic of Congo ("DRC").
AFR acquired a 100% interest in Chevalier Resources Inc. in
March 2010 including a 57% interest in the Luisha Project contained
within licence PEPM 4881, Katanga Province, Democratic Republic of
the Congo ("DRC") through a subsidiary incorporated in the DRC. In
July AFR negotiated a further 18% interest in the project with the
option to increase the equity interest to 90% based on results. The
project is located 75 kilometres northwest of Lubumbashi, the
capital of Katanga Province and consists of approximately
16.2km2.
The Luisha Project includes a small historical open pit mine and
associated waste rock pile and is underlain by Roan Group sediments
which host major Cu-Co deposits in the DRC. The Luisha South
orebody was explored between 1923 and 1928 and an oxide deposit
with an estimated pre-production tonnage of approximately 350,000
tonnes at 8.6% Cu was delineated. The Luisha Project also covers
some three kilometers of the Roan Group strike length which is
favorable for Cu-Co mineralization.
Additionally, African Metals has an option to earn an 80%
interest in 8 properties held by local company, KMH, covering some
682 square kilometers within the Katanga Provence Central African
Copper Belt in the southeastern part of the DRC. AFR has delineated
several sizeable soil anomalies within the licenses and is
progressing exploration to test depth continuations of this
mineralization.
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 NEWS RELEASE.
Contacts: African Metals Corporation Nigel Ferguson President
& CEO +1-604-507-2187 +1-604-507-2181 (FAX)
info@africanmetals.com www.africanmetals.com
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