African Metals Corp. Provides Update on Activities at Its Luisha South Projects, Katanga Provence, Democratic Republic of Congo
27 Setembro 2010 - 7:24PM
Marketwired
African Metals Corporation (TSX VENTURE: AFR)(FRANKFURT: OWW)
("AFR") is pleased to provide an exploration update on its on
activities at its project in the Democratic Republic of the Congo.
Luisha South Soil Geochemical Sampling
Basanga Consulting Sprl, geological contractors, recently
completed an infill soil sampling program on the Luisha South
Project. A total of 340 samples were collected from a grid with a
layout designed to delineate the copper in soil geochemical
anomalies highlighted by the first round of reconnaissance sampling
(refer AFR press release 16 September 2010).
Geochemical results based on Niton analysis of the samples
collected from the infill program have been received. A review of
the results lends further support to the interpretation of deep
soil and laterite cover occurring to the south and southeast of the
open pit masking the surface geochemical response of copper and
cobalt mineralization.
The infill samples have defined two low order Cu anomalies
occurring to the southeast of the Pit along the expected strike
extension to mineralization. The anomaly closest to the Pit hosts a
sample that returned 3,884 ppm Cu. The anomalies are interpreted as
possibly reflecting shallower soil and laterite horizon development
over mineralized stratigraphy.
Soil samples collected from lines extending south of the line of
lode have delineated two strong geochemical copper anomalies near
the break of slope of a northwest-southeast trending ridge line.
The northern anomaly hosts consistent values above 300 ppm Cu over
at least 400m.
Initial and infill soil samples that returned anomalous Niton Cu
values will be sent to ALS Laboratories in Johannesburg for check
analysis.
A program of follow-up reconnaissance RAB and RC drilling to
test the sub-surface extent of the mineralization has been
designed. The Company is now in negotiations with two drilling
contractors to provide drilling services enabling the testing of
the Luisha South geochemical anomalies. It is anticipated that a
contract will be entered into within weeks and drilling commenced
at the project within 2 weeks of signing the drilling contract.
AFR will be keeping the market updated on progress as and when
results become available during this exciting phase of the
development of the company.
To view accompanying map, click on the following link:
http://media3.marketwire.com/docs/AFR927map.pdf
Nigel Ferguson, AusIMM, President and CEO of the Company and a
qualified person under National Instrument 43-101, has verified
data disclosed in this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS
CORPORATION
Nigel Ferguson, President & CEO
This News Release contains forward-looking statements.
Forward-looking statements are statements which relate to future
events. These statements are only predictions and involve known and
unknown risks, uncertainties and other factors that may cause our
or our industry's actual results, levels of activity, performance
or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. While these
forward-looking statements, and any assumptions upon which they are
based, are made in good faith and reflect our current judgment
regarding the direction of our industry, actual results will almost
always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested
herein. Except as required by applicable law, the Company does not
intend to update any of the forward-looking statements to conform
these statements to actual results.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this new release.
Contacts: African Metals Corporation Nigel Ferguson President
& CEO +1-604-507-2181 +1-604-507-2187 (FAX)
info@africanmetals.com www.africanmetals.com
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