Kangaluwi IOCG (ZRL) - Zambian Copperbelt (sitios de interés)

 

Chisawa, Imboo, Kalulu, Kangaluwi 

 

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FUNDING NEWS

 

'Chinese' buying Zambezi Resources 

Astron is listed on the ASX and located in Sydney, Australia, but also has a strong presence in China with an office in Shenyang. Astron's interest in Zambezi is principally as a strategic opportunity to ultimately supply copper from Zambia into China leveraging off Zambezi's copper/gold projects and facilitating Zambezi's entry into Chinese markets. The transaction will ensure the survival of the Company and add longevity to its existing projects.

http://www.mbendi.com/a_sndmsg/news_view.asp?PG=35&I=97938&M=0&CTRL=S

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RESOURCE BASE

40Mt at 1% already.

Target of 100Mt, possibly 200Mt: only one prospect substanially tested, representing <5% of potential copper mineralisation.

52nd Minesite Presentation May 2008 (slides 6-8)

http://www.zambeziresources.com/_content/documents/631.pdf 

 

August 20,  2008:

First systematic RC drilling from the Chisawa Prospect at Kangaluwi returns significant mineralised widths and grades including: 14m at 1.52% copper, 12m at 1.36% copper, 10m at 1.23% copper and 14m at 0.65% copper. Copper mineralisation remains open-ended along strike and at depth. 
August 4,  2008:

RC drilling returns substantial mineralised widths and grades including: 13m at 2.36% copper, 15m at 1.47% copper, 9m at 1.79% copper and 4m at 2.66% copper.  Mineralisation at Kangaluwi still remains open along strike and at depth. 
July 8,  2008:

Wholly owned Kangaluwi prospect confirmed as major new copper discovery in Southern Zambia. 
July 8,  2008:

28km of prospective strike length identified in immediate area. Drilling to date has tested only 10% of the estimated prospective strike length. 
July 8,  2008:

Initial Metallurgical Test results indicate sulphide recovery in excess of 95% for copper from conventional flotation. 
May 9, 2008:

Large VTEM Conductive Anomaly defined at Kangaluwi Copper Project. 
April 30,  2008:

Mineralised strike at Kangaluwi Prospect extended to 3kms based on visual indications in RC and Diamond drilling, and mineralisation remains open along strike and at depth.