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News
06.05.2010
African Metals Corporation secures drilling services with Titan Drilling Congo Sprl for drill testing of its Luisha South Project in the Democratic Republic of the Congo
African Metals Corporation secures drilling services with Titan Drilling Congo Sprl for drill testing of its Luisha South Project in the Democratic Republic of the Congo
African Metals Corp (“AFR”) is pleased to report that it has executed an agreement with Titan Drilling Congo Sprl, a wholly owned subsidiary of Titan Drilling Limited, to provide reverse circulation (RC) drilling services to the Company for the Luisha South Project in the Democratic Republic of Congo.
Reverse Circulation and Diamond Drilling
AFR is now equipped with a much better understanding of the nature, control and style of mineralization, including some definition of the geometry of the mineralisation, including a possible higher grade ore shoot within the northern half of the historical pit. As a consequence, planned drilling has targeted an initial eight shallow drill holes from the pit floor and a further six drill holes from the south western wall, to test this mineralisation. A further nine drill holes have been planned to test the projected and possibly offset southern extension to mineralisation. All drill holes will be angled at between -55° and -70° drilling towards the northeast.
The planned RC and Diamond drilling program includes an anticipated 2,000 to 2,500 meters of Reverse Circulation and 500 to 600 meters of HQ diamond core. A diamond drilling contractor is yet to be secured and advanced negotiations are underway with two contractors. The drill program has been planned in an effort to secure sufficiently spaced drill data to allow a resource calculation to be completed on the results.
In addition should the results of surface samples, currently at the laboratory in South Africa and taken from the regional mapping program indicate the presence of potential mineralisation buried beneath surficial sediments, an additional RC meterage could conceivably be drilled to test these areas with one or two scout holes, whilst the drilling rig is available to African Metals Corp.
It is anticipated that the drilling rig will be mobilized to site on or around the 20th May and drilling commenced at the project shortly thereafter. Preparations of the field work are well in hand and subject to any delays caused by third parties, should commence on time.
Plan View of the Luisha South Pit, Waste Dumps, Historical and Planned drill holes: www.irw-press.com/dokumente/AFR_060510.pdf
The Company will update the market with additional information as and when it becomes available.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION
“Nigel Ferguson”
Nigel Ferguson
President & CEO
Nigel Ferguson, AusIMM, President and CEO of the Company and a qualified person under National Instrument 43-101, has verified data disclosed in this release.
For more information please contact
Nigel Ferguson
President and CEO
Phone +1-604-5072181
Wolfgang Seybold
Axino AG
Phone +49-711-25359240
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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African Metals Corp (“AFR”) is pleased to report that it has executed an agreement with Titan Drilling Congo Sprl, a wholly owned subsidiary of Titan Drilling Limited, to provide reverse circulation (RC) drilling services to the Company for the Luisha South Project in the Democratic Republic of Congo.
Reverse Circulation and Diamond Drilling
AFR is now equipped with a much better understanding of the nature, control and style of mineralization, including some definition of the geometry of the mineralisation, including a possible higher grade ore shoot within the northern half of the historical pit. As a consequence, planned drilling has targeted an initial eight shallow drill holes from the pit floor and a further six drill holes from the south western wall, to test this mineralisation. A further nine drill holes have been planned to test the projected and possibly offset southern extension to mineralisation. All drill holes will be angled at between -55° and -70° drilling towards the northeast.
The planned RC and Diamond drilling program includes an anticipated 2,000 to 2,500 meters of Reverse Circulation and 500 to 600 meters of HQ diamond core. A diamond drilling contractor is yet to be secured and advanced negotiations are underway with two contractors. The drill program has been planned in an effort to secure sufficiently spaced drill data to allow a resource calculation to be completed on the results.
In addition should the results of surface samples, currently at the laboratory in South Africa and taken from the regional mapping program indicate the presence of potential mineralisation buried beneath surficial sediments, an additional RC meterage could conceivably be drilled to test these areas with one or two scout holes, whilst the drilling rig is available to African Metals Corp.
It is anticipated that the drilling rig will be mobilized to site on or around the 20th May and drilling commenced at the project shortly thereafter. Preparations of the field work are well in hand and subject to any delays caused by third parties, should commence on time.
Plan View of the Luisha South Pit, Waste Dumps, Historical and Planned drill holes: www.irw-press.com/dokumente/AFR_060510.pdf
The Company will update the market with additional information as and when it becomes available.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION
“Nigel Ferguson”
Nigel Ferguson
President & CEO
Nigel Ferguson, AusIMM, President and CEO of the Company and a qualified person under National Instrument 43-101, has verified data disclosed in this release.
For more information please contact
Nigel Ferguson
President and CEO
Phone +1-604-5072181
Wolfgang Seybold
Axino AG
Phone +49-711-25359240
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0082871041">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA0082871041</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.