Sentinel [Kalumbila] (KML FirstQuantum) - Zambian Copperbelt (sitios de interés)
Descripción del sitio
RESOURCE BASE - 2009
Inferred 1380Mt at 0.78% Cu
Snowden’s estimated resource is based on a total of 62 bore holes - 31 drilled by Kiwara and 31 by previous site owners. The resource is close to surface and open on strike to the south west, thus implying an open pittable mine with strong potential for further resource finds.
STATUS - RESOURCE DRILLING
• Resource drilling commenced in March 2010; nearly 50,000 metres completed in 148 holes to date with 14 rigs now on site
• Detailed sections drilled through central part of the resource demonstrate excellent continuity of mineralization
• Wide intercepts of mineralization (>200 metres) encountered down dip of previous drilling
• Drilling emphasis now moving to strike continuity and extensions
• A timeline has been established to complete a mining licence application by Q2 2011
• Preliminary metallurgical testwork has demonstrated that the ore can be concentrated using standard flotation technology typical to most mines in the Copperbelt
• Social and economic studies are in progress with a view to delivering a full Environmental Impact Statement in Q2 2011
• Regional exploration program on potential satellite copper and nickel prospects has been initiated
• A decision to proceed with development of the project is subject to results of these resource and mine studies,securing all relevant permits and approval by the Company’s board of directors
• Significant drill program underway with 71 drill holes for 21,000 metres completed to date
• Visual results suggest excellent continuity of mineralization
• Drilling emphasis now moving to strike continuity and extensions
• Aim to complete 65,000 metres of resource drilling by year-end and generate a new resource model in early 2011
At the time of acquisition Kiwara had begun an in-fill drill program at Kalumbila to determine a mineral resource estimate for the properties. In Q2, six drill rigs were actively focused on two detailed sections over the central resource. These have confirmed excellent continuity of mineralization that will allow for further resource drilling to cover a larger area. Emphasis has now moved on to widely spaced drilling to test the ultimate extent of the Kalumbila ore system. An economic assessment including metallurgical test work, engineering and geotechnical studies are planned in the second half of 2010.
The project [Kalumbila] could be producing as early as 2013 and could churn out as much as 150,000 tonnes of copper a year (Mineweb)
FQM will develop Kalumbila Cu deposit with concentrator
KALUMBILA SECTION 2009
OWNERSHIP - PL 367 - [TRIDENT PROJECT]
The Trident project comprises five prospecting licences totaling 2,300 sq km containing a number attractive base metal prospects including the Sentinel deposit.
• Kalumbila Nickel-Cobalt-Copper deposit
• Kawako Nickel-Copper deposit
• Kawanga Uranium prospect
Kalumbila Minerals Ltd - KML
4% [? Kashengeneke Ltd]
96% Kiwara Resources Zambia Ltd
subsidiary of First Quantum Minerals Ltd
May 2010
Acquisition of Kiwara PLC against $128.4 million in net cash and $137.2 million in common shares for a 85% interest in KML
Kalumbila Minerals Ltd Joint Venture
(Cu, Ni, Co, U, PGM, Limestone, Iron ore)
5% Kashengeneke Enterprises Ltd
15% LM Engineering Ltd
80% Kiwara Resources Zambia Ltd
October 16, 2008
KIWARA PLC
• Formerly Wadharma Investments Plc
• Termination of Listing: February 1 , 2010 (JSE:KWR, LSE:KIW)
• Kiwara Plc AIM Admission Document - July 6, 2007
KALUMBILA HISTOR
Y
• Discovered by Roan Selection Trust in 1950’s
• 31 diamond drill core B/H – still available
• Focus on Ni – reported 8MT @ 0.54%Ni, 0.20%Co and 0.14%Cu
• Anglo American focused on Ni zone during 1990’s
• Kiwara focused on up-dip potential and the underexplored Cu potential
Position calculated from
UTM Zone 35S (WGS84)
317500mE, 8644500mN
-12° 15' 23.90", +25° 19' 19.69"
Other names: Kabombo dome, Kabompo Gorge Project
Other articles: NAMF p51
