Mokambo South (AfricanEagle JV) - Zambian Copperbelt (sitios de interés)
Descripción del sitio
RESOURCE BASE - MOKAMBO SOUTH - (GEOMIN 1976)
6Mt at 2.7% Cu
STATUS - DORMANT
We made excellent progress during 2008 at Ndola and Mokambo generating a number of drill ready targets at Ndola and receiving promising results including 2.44% copper over 15m and 2.47% copper over 12m from our 3,000m diamond drilling programme at Mokambo. Parallel development of multiple exploration projects using our own funds, however, is no longer sustainable in today's climate. With Dutwa as our top priority for 2009, we are therefore seeking partners to earn interests in our more advanced copper projects at Mokambo, where we increased our interest to 87% at the end of 2008 and at Ndola where we retain a 100% interest in the property.
Since 1950, 22 diamond drill holes have been drilled within the Mokambo South licence area. Of these, 11 intersected significant copper mineralization, to depths of 1400m, over a strike length of 1km. From the results reported from these drill holes, the average grade of the mineralisation is 2.4% copper and the average thickness is about 4.6m, indicating a deposit of about 6 million tonnes with some 1.4 million tonnes of contained metal
HISTORY
• The area was investigated in the 1950s by a team from Mufulira and in the 1970s by Geomin, a Romanian group. Geomin estimated that the area holds a global endowment of some 41Mt grading 1.7% copper.
• Copper mineralisation has been intersected by drilling in the Mokambo South Zone over a strike length of at least 1km, to a maximum depth of 430m. Based on the results reported from these drill holes, the average grade is 2.4% copper over an average thickness of 4.6m indicating a deposit of 6Mt. Similarly, the Mokambo North Zone was estimated to contain at least 3.8Mt @ 1.7% copper.
• Since acquiring the project in August 2007, African Eagle has completed a 3000m drilling programme, soil geochemical surveys, geological mapping and geophysical surveys. It has also digitised maps and sections, and re-logged and re-assayed drill cores from the exploration carried out in the 1960s.
OWNERSHIP - MOKAMBO [NORTH & SOUTH] JV*
13% Copperbelt Minerals Ltd
87% African Eagle Resources plc
African Eagle Resources plc (AIM:AFE; AltX:AEA)
*Mokambo Central was optioned to ICS Copper Systems Ltd which abandoned the project after negative evaluation by Coffey Mining in January 2009