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Nzuri Copper Ltd.
Summary
| Project: | Fold and Thrust Belt | |
|---|---|---|
| Deposit: | Monwezi West, Kasangasi | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Copper-Cobalt | |
| Date: | 10/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-10-2017: Nzuri Copper Ltd. announces an Exploration/Drilling Update report for its Monwezi West, Kasangasi deposit at the Fold and Thrust Belt project. Drilling results incl. 19m @ 0.48% Co, 0.04% Cu from 20m. Nzuri Copper Limited (ASX: NZC) (Nzuri or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Ruxton (Internal) | |
| ABSTRACT: | Nzuri Copper Limited (ASX: NZC) (Nzuri or the Company) is pleased to provide an update on exploration at several targets within its Fold & Thrust Belt JV (“FTBJV”), located in the Western Katangan Copper Belt in the Democratic Republic of Congo (DRC), where it has made significant progress at several targets. At the Kasangasi target, located 17km from Ivanhoe Mines’ world-class Kamoa-Kakula deposits, recent mapping, trenching and drilling has helped define the geometry and style of mineralisation. Importantly, initial diamond drilling has intersected the same rock sequence that hosts the Kamoa-Kakula deposits. Diamond drilling is continuing following the completion of RC drilling and samples are currently being analysed. At the Monwezi West Cluster, mapping has now progressed to RC drilling, which so far has intersected broad zones of cobalt mineralisation including a best intercept in hole DMON7_RC02 of 19m @ 0.48% Co from 20m down-hole including a high-grade zone of 7m @ 1.04% Co from 23m. Reconnaissance work has also led to the discovery of previously unknown artisanal workings where cobalt concentrate is produced immediately outside the JV area (Figure 1), highlighting the prospectivity of these areas for new cobalt discoveries. “The Company’s systematic and targeted exploration strategy within the FTBJV is beginning to pay dividends, with the combination of mapping, trenching and geochemical drilling at Kasangasi now supplemented by RC and diamond drilling, helping us to unravel the geology and better understand the potential of this exciting prospect. | |
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