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Nzuri Copper Ltd.
Summary
| Project: | Fold and Thrust Belt | |
|---|---|---|
| Deposit: | Fold and Thrust Belt | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Copper | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-2-2017: Nzuri Copper Ltd. announces an Exploration/Drilling Update report for its Fold and Thrust Belt deposit at the Fold and Thrust Belt project. Drilling results incl. 18m @ 1.84% Cu from 42m. The Directors of Nzuri Copper Limited (ASX: NZC) (“Nzuri” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Ruxton (Internal) | |
| ABSTRACT: | The Directors of Nzuri Copper Limited (ASX: NZC) (“Nzuri” or “the Company”) are pleased to advise that the first results for the 2016/2017 rock chip sampling and initial drilling programme at the Fold and Thrust Belt Joint Venture (FTBJV) project have been received. Following a review of previous exploration work and data, completed in the third quarter of 2016, reconnaissance field visits to all prospects were undertaken for the purpose of field data validation. The exploration programme was developed and commenced with an RC drilling programme at Kambundji East and rock chip sampling at the other prospects. The work described in this update is an initial work programme on the prospective targets identified in the Companies FTBJV licence. A summary of the key exploration targets on the JV licence is shown in Figure 1. A drilling programme was completed on 24 December 2016 prior to the onset of the peak rainy season. Four RC holes were drilled for 336 metres and were designed to test for depth extensions as well as grade and tenor of the classic Congolese Copperbeltstyle stratiform mineralisation hosted within Mines Subgroup rocks which was mapped at surface (see ASX announcement on 24 April 2015 for further details). Two of the four drill holes (DKJI_RC002 and DKJI_RC005) intersected visible copper mineralisation at the traditional Lower Ore Body position and proved depth extension of the mineralisation observed at surface. | |
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