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Nzuri Copper Ltd.
Summary
| Project: | Kalongwe | |
|---|---|---|
| Deposit: | Kalongwe | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 6/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-6-2018: Nzuri Copper Ltd. announces an Exploration/Drilling Update report for its Kalongwe deposit at the Kalongwe project. Drilling results incl. 23.0m @ 0.08% Cu, 0.23% Co from 13m. Nzuri CEO Mark Arnesen said the Company’s 2018 exploration program i | |
| Resources: | (Reserve, P+P): 7.99Mt @ 2.94% Cu, 0.34% Co at Kalongwe | |
| CP/QP: | [Overall Report]: Peter Ruxton (Internal) | |
| ABSTRACT: | Nzuri CEO Mark Arnesen said the Company’s 2018 exploration program is delivering exciting results on several fronts, with the latest drilling highlighting two emerging discoveries right on the doorstep of the Kalongwe Copper-Cobalt Project. “Kalongwe SW emerged as a priority near-mine target earlier this year following high-grade results from initial trenching. Our first diamond holes into this prospect have confirmed this potential, returning thick intercepts of strong cobalt mineralisation which has now been confirmed by drilling and trenching over a strike length of at least 300m. “Given its proximity to the proposed open pit development and processing plant at Kalongwe, Kalongwe SW is emerging as a strategic primary high-grade cobalt deposit which could represent a significant strategic addition to our resource inventory at Kalongwe. “In the meantime, recent drilling has also enhanced the potential at Monwezi II, located 2.5km east along strike from Kalongwe. Assays are awaited for the latest diamond holes which have intersected significant zones of oxide copper and of particular interest deeper cobalt sulphide mineralisation.” Nzuri Copper Limited (ASX: NZC) (Nzuri or the Company) is pleased to announce significant new drilling and trenching results from its ongoing exploration program on the Kalongwe Mining Licence at its 85%-owned Kalongwe Copper-Cobalt Project, located in the Western Katangan Copperbelt in the Democratic Republic of Congo (DRC). | |
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