African Metals Corporation: Exploration Activity Update
04 August 2010 - 7:59AM
Marketwired
African Metals Corp. ("AFR") (TSX VENTURE: AFR)(FRANKFURT: OWW) is
pleased to provide an exploration update on activities at its
Luisha South and Kalende Projects, Katanga Provence, Democratic
Republic of Congo.
Luisha South Soil Geochemical Sampling
Basanga Consulting Sprl, geological contractors, has commenced a
regional soil sampling and reconnaissance rock chip sampling
program on the Luisha South Project. Approximately 353 samples will
be collected from a grid with a layout designed to highlight
possible extensions of the Luisha South open pit high grade copper
and cobalt mineralization (refer AFR press release 15 June 2010).
The mineralization has been inferred as continuing to the southeast
towards the licence boundary. Geochemical results for the samples
collected from the program of works are expected within the next 6
weeks depending on Laboratory constraints.
The occurrence of mineralization outside the open pit was
identified by visual estimates in the recently completed RC
percussion drilling campaign. Logging of drill chips from holes
collared south and southeast of the pit boundaries identified
malachite and chalcopyrite copper mineralization. Geological
interpretation of the program is in progress.
Luisha South Drill Program Update
Titan Drilling Sprl recently completed a 2002 metre RC
percussion drilling program at the Luisha South Project. Twenty one
angled and vertical holes were drilled in the vicinity of the pit;
fifteen holes collared to the northwest, west and south of the pit
whilst six holes were collared in the pit base. Samples were
collected from all holes at one meter intervals and riffle split to
produce approximately one kilogram sub-samples for analysis. A
total of 1462 samples including QC controls were despatched to SGS
Minerals laboratory in Kalulushi, Zambia for sample processing and
analysis. Analytical results are expected mid August. A short delay
was experienced in exporting the samples from the DRC, however the
assay results should be available for integration into the mineral
resource estimate prior to the end of August 2010.
Kalende Project
Basanga Consulting Sprl will commence in late August a test
pitting program at the company's Kalende Project, located
approximately 60 kilometers NE of Lubumbashi. Results from previous
regional soil sampling highlighted large scale copper and cobalt
anomalies of up to 1,200 x 800 meters in dimension, overlying
leached prospective Roan Formation (refer AFR press release 22
April 2008). Some of the anomalies are cut by a regional scale
northeast trending linear structure which may have contributed to
the mineralization.
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.
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 news release.
Contacts: African Metals Corporation Nigel Ferguson President
& CEO +1-604-507-2187 +1-604-507-2181 (FAX)
info@africanmetals.com www.africanmetals.com
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