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Fe Ltd.
Summary
| Project: | Kasombo | |
|---|---|---|
| Deposit: | Kasombo 5, Kasombo 7 | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 3/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-3-2018: Fe Ltd. announces an Exploration/Drilling Update report for its Kasombo 5, Kasombo 7 deposit at the Kasombo project. Drilling results incl. 24m @ 3.50% Cu from 37m. Fe Limited (Company) (ASX: FEL) is pleased to advise that it has received the r | |
| 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 received the results of all assay sampled from its preliminary reverse circulation (RC) drill program at the Kasombo Copper-Cobalt Project (Kasombo Project) located in the Democratic Republic of Congo. Assays from Kasombo 5 showed wide intersections of high grade copper mineralization, with copper and cobalt intercepts from the drilling at Kasombo 5. Kasombo 5 is a high-grade copper target hosted in the highly prospective Lower Roan Group rocks of the Katangan Copperbelt. Drilling targeted down-dip extensions to mineralised sequences exposed in a shallow open-cut. RC drilling at Kasombo 7 returned shallow intercepts of cobalt mineralisation from depths of 8m and over intercepts of up to 11m and was targeted at down-dip and along strike extensions of the high grade cobalt mineralisation sampled from breccia exposed by artisanal workings (refer sample results of up to 6.99% Co reported in ASX announcement dated 12 December 2017). Commenting on the results of exploration, Chairman Tony Sage said; “the final assay results from Kasombo 5 demonstrate extensive high grade copper mineralisation with accompanying shallow cobalt mineralisation. We are very excited by this and are progressing our plans to complete a step out drilling program, with tenders for drilling already underway. The Kasombo 7 results demonstrate that more work is needed there to better understand the cobalt mineralisation, and whilst we are encouraged by the extensive workings by artisanal miners, which have exposed cobalt mineralisation, additional channel sampling and trenching work will now proceed to give us that broader understanding.” | |
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