Area 4 (Vale/ARM Antofagasta) - Zambian Copperbelt (sitios de interés)
Descripción del sitio
Joint Venture Agreement:
70% TEAL Exploration & Mining Incorporated
30% Antofagasta Minerals Plc (ANTO can earn up an additional 20%)
April 8, 2008
Area 4 - PLLS 100: Kabula, Chipopo, Katembula and CFA3 copper prospects
Area 2 - PLLS 73: Kawiri copper prospect and other drill-ready exploration prospects
(ex Korea Zinc Copperbelt JV - PLLS 72-73-74-100-102 dated March 9, 2005)
Area 4 Geology:
Large area west of the Kafue anticline. Two prominent basement domes surrounded by Roan Group sediments. Deep basins in the north and south are filled with both Roan and Nguba Group sediments. Nguba Group intensely folded and faulted in the north (Chipopo). Type 1a & Type 2 Targets.
Historical drilling: 77 diamond; wagon auger Chipopo area (330 holes), Chiryongoli (Kabula) area (550 holes).
TEAL drilling: Diamond drillholes: 3, total 1,221m. Machine auger: 175 holes, total 2,121m.
TEAL drilling: Diamond drillholes: 3, total 1,221m. Machine auger: 175 holes, total 2,121m.
Historical Mineral Resources (1988) :
Kabula: 1.3Mt at 2.04% Cu
CFA3: 1.6Mt at 0.92% Cu
Katembula North: 0.12Mt at 2.90% Cu
Katembula South: Denovan Camp, Kasungu River
TEAL drilled two holes into the Kabula prospect to verify the grade and high silver grades were also encountered. The area was never assayed for precious metals in the past. TEAL intends to carryout a reinterpretation of the geology of this area, specifically considering the distribution of precious metals.
Technical Report on Sedar dated October 21, 2005 (2216K)
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Antofagasta Minerals Plc (LSE:ANTO)