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Fe Ltd.
Summary
| Project: | Kasombo | |
|---|---|---|
| Deposit: | Kasombo 5 | |
| Location: | Congo | |
| Commodities: | Copper | |
| Date: | 2/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: Fe Ltd. announces an Exploration/Drilling Update report for its Kasombo 5 deposit at the Kasombo project. Drilling results incl. 15m @ 0.16% Co from 17m. Fe Limited (Company) (ASX: FEL) is pleased to advise that it has recently received the ass | |
| 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 the assay from its second drillhole completed at the Kasombo Copper-Cobalt Project (Kasombo Project). The assay was from abandoned drillhole KSB002 located at the Kasombo 5 prospect. The drillhole was abandoned before the copper target zone was intersected because of driller error, but still intersected unexpected cobalt mineralisation. The assays show drillhole KSB002 intersected a zone of low grade cobalt mineralisation, having a thickness of 15 m, averaging 1670 ppm cobalt from a hole depth of 17 m. Preliminary reverse circulation (RC) drilling was completed at Kasombo 5 and Kasombo 7 in late December 2017 and early January 2018 (ASX announcement 8 January 2018): 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 exploration works, Chairman Tony Sage said; “I am pleased to see that the early results of the preliminary drill program continue to support our high hopes for this project.” | |
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