Mukuba Confirms Copper Mineralization From Ongoing Drilling at the Northcore Project, Zambia
27 Septiembre 2010 - 7:00AM
Marketwired Canada
Mukuba Resources Limited (TSX VENTURE:MKU) ("Mukuba" or the "Company") is
pleased to announce that assay results from its ongoing drilling program on its
Northcore Project continue to confirm copper mineralization. Mukuba plans to
continue to focus its 2010 exploration program on various high priority targets
within the larger exploration license area on the Northcore Project, located
southwest of Ndola, Zambia.
Trevor Richardson, President and CEO of Mukuba Resources commented, "I am
pleased with the results from the current intercepts of copper mineralization.
They validate the presence of pervasive copper in the system and will assist our
technical team in building a model to move toward and assess the potential for
higher copper concentrations within the areas of targets 17 and 18. In addition
to this area, various other targets are being tested with soil sampling and
drilling."
The current drill core assay results were designed to test copper anomalies
identified from the 2009 IP and soil sampling. A total of 5,283 metres (21
holes) of diamond drilling have been completed to date of the planned 10,000
metre drilling program. Analysis of the samples using a mixed, four acid digest
with an AAS finish on the bulked solution is being carried out by SGS Mineral
Services (Zambia) in Kalulushi. The laboratory is currently awaiting final
accreditation following a further inspection in November 2010.
In addition, regional soil sampling across various new target areas within the
larger license area has been completed and anomalous areas are being followed up
with closer spaced soil grid lines to better delineate newly identified soil
targets and it is anticipated that additional drill targets will be identified
and selected based on the level of coincidence between the new soil geochemical
survey and airborne geophysical results.
Assay results by target area include:
Target 17
------------------------------------------------------------------
Borehole From (m) To (m) (i)Interval (m) Cu (%)
------------------------------------------------------------------
NC024 5.80 7.00 1.20 0.12
------------------------------------------------------
11.30 37.00 21.05 0.20
------------------------------------------------------
46.00 47.00 0.87 0.13
------------------------------------------------------
149.00 150.00 0.94 0.23
------------------------------------------------------
195.00 196.00 0.64 0.11
------------------------------------------------------------------
NC026 103.00 104.00 0.87 0.11
------------------------------------------------------
132.68 133.50 0.47 0.47
------------------------------------------------------
137.00 138.00 0.77 0.73
------------------------------------------------------------------
NC029 80.62 84.82 3.44 0.31
------------------------------------------------------
including 81.02 81.62 0.49 0.64
------------------------------------------------------
86.00 87.84 1.67 0.14
------------------------------------------------------------------
(i)intervals are not necessarily representative of true width
Target 18
------------------------------------------------------------------
Borehole From (m) To (m) (i)Interval (m) Cu (%)
------------------------------------------------------------------
NC023 64.02 65.33 1.13 0.20
------------------------------------------------------
66.91 69.00 1.81 0.15
------------------------------------------------------
71.00 74.00 2.30 0.13
------------------------------------------------------
83.00 85.00 1.73 0.12
------------------------------------------------------
88.00 89.71 1.61 0.12
------------------------------------------------------
102.00 103.00 0.87 0.11
------------------------------------------------------------------
NC025 12.00 16.00 4.00 0.48
------------------------------------------------------
including 13.00 14.00 1.00 0.76
------------------------------------------------------
33.00 34.00 0.87 0.11
------------------------------------------------------------------
(i)intervals are not necessarily representative of true width
Qualified Person
Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined by National
Instrument 43-101 and oversees Mukuba's exploration programs. Mr. Meyer has
supervised and approves the preparation of the technical information contained
in this press release.
About the Company
Mukuba is a Canadian mining company focused on the exploration and development
of the Northcore Project, which is located in the highly prospective Central
African Copperbelt region of Central Zambia. The Northcore Project encompasses
approximately 2,274 square km of geologically prospective ground in the Domes
Region of the Zambian Copperbelt. Mukuba's exploration licenses for the
Northcore Project cover both copper and cobalt. Geological mapping, soil
sampling, investigation of the historical showings, ground-truthing of the
geological surveying results and drilling carried out by the Company have
confirmed existing historical geological anomalies, identified new anomalies and
confirmed the presence of copper mineralization.
Mukuba also has the exclusive option to acquire an 85% interest in the
exploration license rights to a property (the Nyimba Project) near the town of
Nyimba, approximately 300 km east of Lusaka, in Zambia. The Nyimba Project is
well advanced and substantial exploration work has been completed to date on its
polymetallic deposits which hosts zinc, with copper, lead, molybdenum, silver
and gold. Mukuba continues to assess historic exploration records which indicate
there are five defined areas of mineralization within the 500 square kilometre
license area. The most prospective area appears to be Chipirinyuma, where soil
sampling by Minex and Rio Tinto defined a surface anomaly measuring 3.5 km by
1.2 km.
Forward-looking Information
Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects. This
press release contains statements about our results, planned drilling and future
business and planned activities. These are "forward-looking" because we have
used what we know and expect today to make a statement about the future.
Forward-looking statements usually include words such as may, intend, plan,
expect, anticipate, believe or other similar words. We believe the expectations
reflected in these forward-looking statements are reasonable. However, actual
events and results could be substantially different because of the risks and
uncertainties associated with our business or events that happen after the date
of this press release. You should not place undue reliance on forward-looking
statements. As a general policy, we do not update forward-looking statements
except as required by securities laws and regulations.
(TSXV:MKU)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
(TSXV:MKU)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
Más de Mukuba Resources Limited Artículos de Noticias