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Nzuri Copper Ltd.
Summary
| Project: | Fold and Thrust Belt | |
|---|---|---|
| Deposit: | Monwezi 7 | |
| Location: | Congo | |
| Commodities: | Copper-Cobalt | |
| Date: | 1/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-1-2019: Nzuri Copper Ltd. announces an Exploration/Drilling Update report for its Monwezi 7 deposit at the Fold and Thrust Belt project. Drilling results incl. 30.4m @ 0.22% Co from 79.1m. Nzuri CEO Mark Arnesen said the 2018 program had delivered enco | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Ruxton (Internal) | |
| ABSTRACT: | Nzuri CEO Mark Arnesen said the 2018 program had delivered encouraging results from across the FTBJV licence areas, providing the Company with a series of exploration and growth opportunities to be pursued further in 2019, in parallel with its core focus on advancing the Kalongwe Project towards development. “The key highlights of the past 12 months have included a significant expansion of the mineralised footprint at Kasangasi – where recent wide-spaced reconnaissance drilling has demonstrated the potential for a standalone deposit – and the successful delineation of three key near-mine prospects, all located within a 1-6km radius of Kalongwe and all of which have the potential to contribute additional ore feed to the Kalongwe plant. Our development team has also been busy, with several work streams advancing in parallel to ensure that Kalongwe is ready to move swiftly into construction as soon as we make a final investment decision and secure project funding. Following completion of the Front-End Engineering Design program last quarter, we have completed detailed design of key items of site infrastructure, almost finalised the metallurgical testwork program and are negotiating a fixed-price Engineering & Procurement offer in parallel with ongoing funding discussions.” Nzuri Copper Limited (ASX: NZC) (Nzuri or the Company) is pleased to announce results from its 2018 exploration field season across the Fold & Thrust Belt Joint Venture (FTBJV) licences, located in the Western Katangan Copperbelt in the Democratic Republic of Congo (DRC), and provide an update on pre-development activities at its flagship Kalongwe Copper-Cobalt Project. The 2018 exploration program across the FTBJV successfully achieved several key objectives, including | |
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