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Fe Ltd.
Summary
| Project: | Kasombo | |
|---|---|---|
| Deposit: | Kasombo 5 | |
| Location: | Congo | |
| Commodities: | Copper | |
| Date: | 2/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-2-2018: Fe Ltd. announces an Exploration/Drilling Update report for its Kasombo 5 deposit at the Kasombo project. Drilling results incl. 23m @ 3.18% Cu from 54m. Fe Limited (Company) (ASX: FEL) is pleased to advise that it has recently received a long- | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jess Oram (Cauldron Energy (affliate company)) | |
| ABSTRACT: | Fe Limited (Company) (ASX: FEL) is pleased to advise that it has recently received a long-awaited assay from the first drillhole completed at the Kasombo Copper-Cobalt Project (Kasombo Project). The assay was from drillhole KSB001 located at the Kasombo 5 prospect. Mapping works at the Kasombo Project (reported in ASX announcement dated 12/12/2017) showed two styles of mineralisation: the first conforming to a style typical of deposits of the Katangan Copper Belt; the second showing cross-cutting breccia style, which provides the potential to significantly increase deposit size. The drilling program recently completed was designed to test the concepts of mineralisation observed from that mapping program. The evaluation of this drilling will conclude on receipt of assay from three further batches. ALS is committed to finalising these assays by the end of February. The Kasombo Project comprises three mineralised areas of approximately 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses PE481 and PE4886 and situated approximately 25 km from the DRC’s second largest city, Lubumbashi, in the Katanga Copper Belt. Commenting on the commencement of the exploration works, Chairman Tony Sage said; “I am pleased to see that the early results of the preliminary drill program support our high hopes for this project. We are building the justification to proceed with a planned 5,500 m drill-out of Kasombo 5 and Kasombo 7.”+ | |
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