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Nzuri Copper Ltd.
Summary
| Project: | Fold and Thrust Belt | |
|---|---|---|
| Deposit: | Monwezi | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 2/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-2-2018: Nzuri Copper Ltd. announces an Exploration/Drilling Update report for its Monwezi deposit at the Fold and Thrust Belt project. Drilling results incl. 20.2m @ 1.85% Cu from 47m. Nzuri Copper Limited (ASX: NZC) (Nzuri or the Company) is pleased t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Ruxton (Internal) | |
| ABSTRACT: | Nzuri Copper Limited (ASX: NZC) (Nzuri or the Company) is pleased to announce additional high-grade drill intercepts from its ongoing exploration program within the Fold & Thrust Belt JV (“FTBJV”), located in the Western Katangan Copperbelt in the Democratic Republic of Congo (DRC). Building on the positive results reported in the Company’s ASX Release of 22 January 2018, the latest results have further reinforced the growing importance of the Monwezi Target Area, which is located 2 to 5km directly along strike from Kalongwe, the Company’s flagship copper-cobalt DMS project. Recent drilling has confirmed the potential to define additional copper and cobalt resources at Monwezi with the potential to significantly extend the Kalongwe mine life. Recent drilling at the Monwezi 2 target has delivered the best intercept returned from this area to date, with a thick zone of 20.2m grading 1.85% Cu intersected from 47m down-hole in DKAL_DD124. The intercept includes a high-grade zone of 7.5m @ 2.39% Cu. This hole was designed to test the shallow portion of the deposit, commencing at a vertical depth of 35m, and has proved that upgrading of copper occurs in the shallow (supergene) areas. Drilling and trenching has now confirmed that the mineralisation at Monwezi 2 commences from close to surface and extends over a strike length of approximately 300m to a vertical depth of at least 150m (Figure 1). An additional 300m of strike extent has been sporadically and ineffectively tested by historical drill holes and Nzuri considers that the mineralised zone remains open to the south-west. The mineralised zone is approximately 20m true thickness and dips at 40 degrees to the north-west (Figure 2). | |
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