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23.08.2018
Trenching Completed from Kasombo Copper-Cobalt Project in DRC

Trenching Completed from Kasombo Copper-Cobalt Project in DRC

 

Highlights:

 

-          Good cobalt assays returned from trenches:

 

  • TR006: 10 m @ 0.21% Co between 42 and 50 m;
  • TR007: 12 m @ 0.23% Co between 17 and 26 m;

 

-          More detailed mapping completed at Kasombo 7;

-          New drilling program now planned.

 

Fe Limited (Company) (ASX: FEL) is pleased to advise that a trenching program was completed at Kasombo Copper-Cobalt Project (Kasombo Project) located in the Democratic Republic of Congo.  Sampling was completed from seven trenches (for a total of 598 m and 273 channel samples) across the mineralised strata of cobalt-rich Kasombo 7. The trenches were logged, with the information incorporated into a new geological map.

 

The channel samples returned good cobalt grades from two trenches at the expected targeted stratigraphic sequence.

 

Trench summary assay

 

Trench_ID

From

To

Thick

Co_ppm

Comment

KSB_TR001

20.4

24.9

4.5

650

 

KSB_TR001

53.2

61.2

8.0

590

 

KSB_TR002

3.0

9.0

6.0

585

 

KSB_TR003

 

 

 

 

no significant Co assay

KSB_TR004

4.0

6.0

2.0

920

 

KSB_TR005

21.0

28.0

7.0

690

 

KSB_TR006

42.0

52.0

10.0

2050

 

KSB_TR007

16.0

28.0

12.0

2300

 

 

Kasombo 7 is a cobalt target hosted in the highly prospective Lower Roan Group rocks of the Katangan CopperbeltThe trenching targeted the favourable horizon noted by past work activity which incidentally is exploited by artisanal workers. 

 

Previously announced assays from Kasombo 7 drilling showed shallow intercepts of cobalt mineralisation that included (refer to FEL announcement dated 14 March 2018):

 

-          KSB004: 11 m @ 0.1% Co from 8 m

-          KSB006: 3 m @ 0.13% Co from 10 m

 

Previously announced assay results from Kasombo 5 drilling showed wide intersections of high grade copper mineralization that included (refer to FEL announcement dated 14 March 2018):

 

-          KSB001:    23 m @ 3.18% Cu from 54 m

-          KSB003b:  24 m @ 3.50% Cu from 37 m

-          KSB003b: 12 m @ 0.19% Co from 36 m

-          KSB003:    10 m @ 0.22% Co from 11 m

 

Commenting on the results of exploration, Chairman Tony Sage said;we are very excited by these results and will now plan a targeted drilling program on both Kasombo 5 and Kasombo 7 to further investigate the size of the great copper results and follow up on the good cobalt results.

 

The Kasombo Project comprises three mineralised areas, Kasombo 5, 6 and 7, within 600 hectares of area located within two granted mining licenses PE 481 and PE 4886, which are held by La Generale Des Carrieres Et Des Mines S.A. (Gecamines).

 

In March 2017, Paragon Mining SARL (Paragon) executed a contract with Gecamines for the undertaking of exploration and research work at the Kasombo Project. In November 2017, FEL was assigned the rights to explore and exploit the Kasombo Project from Cape Lambert Resources Limited (Cape Lambert), which in turn acquired its rights to the Kasombo Project via a 50/50 joint venture with Paragon in the newly established Soludo Lambert Mining SAS (full details of the assignment are described in the Notice of the Annual General Meeting, refer ASX announcement dated 4 October 2017).

 

Yours faithfully

FE LIMITED

 

Tony Sage

Non-Executive Chairman

 

 

 

Figure 1: Location of Kasombo Project and nearby Kipushi Processing Plant

 

 

Figure 2: Kasombo Location Map

 

 

Figure 3: Kasombo 7 Trench Location Map – Google Earth view; for trench name and location refer to Figure 4

 

 

Figure 4: Kasombo 7 Trench Location Map – Geology Map; trench location shown by solid black lines, trench name is adjacent to respective location; fault denoted by dotted black lines

 

Competent Person Statement

 

The information in this report is compiled and collected by Mr Jess Oram, Executive Director of Cauldron Energy (an affiliate company of FE Limited) who is a Member of the Australasian Institute of Geoscientists.  Oram has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves (JORC Code 2012). Oram consents to the inclusion in the report of the matters based on this information in the form and context in which it appears.

 

Australian Securities Exchange Code: FEL

Ordinary Shares:

370,877,963

 

Board of Directors:

 

Tony Sage

Non-Executive Chairman

Kenneth Keogh

Non-Executive Director

Nicholas Sage

Non-Executive Director

 

Contact:

www.felimited.com.au

32 Harrogate St, West Leederville

Western Australia 6007 Australia

Telephone  +61 8 6181 9793

Email    info@felimited.com.au

 

Fe Limited is an Australian domiciled mineral resources exploration and development company.

 

Fe Limited

ABN: 31 112 731 638

 

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Table 1; Location of Trenching

 

Prop ID

Trench ID

Short ID

GPS UTM_E

GPS UTM_N

GPS Elevation

Azimuth

Length (m)

KSB_PTR009

KSB_TR001

TR001

533967

8710293

1289

045

120

KSB_PTR002

KSB_TR002

TR002

533969

8710343

1322

045

96

KSB_PTR003

KSB_TR003

TR003

534021

8710259

1300

045

100

KSB_PTR007

KSB_TR004

TR004

534081

8710269

1297

045

100

KSB_PTR006

KSB_TR005

TR005

534085

8710268

1321

150

75

KSB_PTR005

KSB_TR006

TR006

534027

8710248

1294

150

62

KSB_PTR004

KSB_TR007

TR007

534010

8710228

1295

150

45

 

KEY:

Grid Datum: wgs84, zone 35 south

GPS_UTM_E: easting of trench datum position

GPS_UTM_N: northing of trench datum position

GPS_Elevation: elevation of trench datum position

Azimuth: Azimuth of trench orientation looking from trench datum position

Length (m): Length of trench looking from trench datum position

 

 

 

Table 2; Assays and Stratigraphic Description of Trenching

 

TRENCH ID

Geol_Desc

FROM

TO

Width

Cu_Pref_ppm

Co_MS61_ppm

Fe_MS61_%

S_MS61_%

Cu_Pref_Method

KSB_TR001

OVB

16.4

18.4

2.00

219

209

4.5

<0.01

ME-MS61

KSB_TR001

OVB

18.4

20.4

2.00

201

431

7.0

0.0

ME-MS61

KSB_TR001

RAT

20.4

21.4

1.00

347

657

5.9

0.0

ME-MS61

KSB_TR001

RAT

21.4

22.4

1.00

254

765

7.8

0.0

ME-MS61

KSB_TR001

RAT

22.4

23.2

0.80

264

645

6.1

0.0

ME-MS61

KSB_TR001

RAT

23.2

23.9

0.70

246

671

5.4

0.0

ME-MS61

KSB_TR001

D STRAT

23.9

24.9

1.00

276

508

5.4

0.0

ME-MS61

KSB_TR001

D STRAT

24.9

25.9

1.00

251

209

4.2

0.0

ME-MS61

KSB_TR001

D STRAT

25.9

26.9

1.00

247

74

2.7

0.0

ME-MS61

KSB_TR001

D STRAT

26.9

27.7

0.80

320

163

2.9

0.0

ME-MS61

KSB_TR001

RSF

27.7

28.5

0.80

246

175

2.9

0.0

ME-MS61

KSB_TR001

RSF

28.5

29.3

0.80

255

87

2.5

0.0

ME-MS61

KSB_TR001

RSC

29.3

31.3

1.00

184

99

2.1

0.0

ME-MS61

KSB_TR001

RSC

31.3

33.0

0.70

115

106

2.6

0.0

ME-MS61

KSB_TR001

SD

33.0

35.0

1.00

241

225

4.1

0.0

ME-MS61

KSB_TR001

SD

35.0

36.9

1.90

61

62

2.0

0.0

ME-MS61

KSB_TR001

SD

36.9

38.9

2.00

222

408

4.5

0.0

ME-MS61

KSB_TR001

SD

38.9

40.9

2.00

179

236

4.7

0.0

ME-MS61

KSB_TR001

SD

40.9

42.2

1.30

171

259

3.8

0.0

ME-MS61

KSB_TR001

SD

42.2

43.2

1.00

230

214

4.4

0.0

ME-MS61

KSB_TR001

SD

43.2

44.2

1.00

269

174

5.7

0.0

ME-MS61

KSB_TR001

SD

44.2

45.2

1.00

155

173

4.9

0.0

ME-MS61

KSB_TR001

SD

45.2

46.2

1.00

253

268

4.8

0.0

ME-MS61

KSB_TR001

SD

46.2

47.2

1.00

354

390

5.9

0.0

ME-MS61

KSB_TR001

SD

47.2

49.2

2.00

257

283

5.2

0.0

ME-MS61

KSB_TR001

SD

49.2

51.2

2.00

546

320

5.2

0.0

ME-MS61

KSB_TR001

SD

51.2

53.2

2.00

658

392

5.9

0.0

ME-MS61

KSB_TR001

SD

53.2

55.2

2.00

826

836

8.0

0.0

ME-MS61

KSB_TR001

SD

55.2

57.2

2.00

473

533

6.4

0.0

ME-MS61

KSB_TR001

SD

57.2

59.2

2.00

355

400

7.0

0.0

ME-MS61

KSB_TR001

SD

59.2

61.2

2.00

500

590

6.9

0.0

ME-MS61

KSB_TR001

SD

61.2

62.0

0.80

160

175

4.1

0.0

ME-MS61

KSB_TR001

SD

62.0

62.8

0.80

102

138

3.0

0.0

ME-MS61

KSB_TR001

SD

62.8

63.6

0.80

87

81

3.0

0.0

ME-MS61

KSB_TR001

SD

63.6

64.6

1.00

85

58

3.1

0.0

ME-MS61

KSB_TR001

SD

64.6

65.6

1.00

82

68

3.3

0.0

ME-MS61

KSB_TR001

SD

65.6

66.6

1.00

103

74

3.5

0.0

ME-MS61

KSB_TR001

SD

66.6

67.6

1.00

106

87

3.7

0.0

ME-MS61

KSB_TR001

SD

67.6

68.6

1.00

94

82

3.4

0.0

ME-MS61

KSB_TR001

SD

68.6

69.4

0.80

87

116

4.0

0.0

ME-MS61

KSB_TR001

SD

69.4

70.2

0.80

50

134

4.1

<0.01

ME-MS61

KSB_TR001

SD

70.2

71.0

0.80

42

101

3.4

<0.01

ME-MS61

KSB_TR001

SD

71.0

71.6

0.60

111

122

4.3

0.0

ME-MS61

KSB_TR001

SD

71.6

73.0

1.40

73

76

2.9

0.0

ME-MS61

KSB_TR001

SD

73.0

74.5

1.50

48

66

2.4

<0.01

ME-MS61

KSB_TR001

SD

74.5

76.0

1.50

56

54

2.5

<0.01

ME-MS61

KSB_TR001

SD

76.0

78.0

2.00

73

69

2.7

<0.01

ME-MS61

KSB_TR001

SD

78.0

80.0

2.00

110

53

3.1

0.0

ME-MS61

KSB_TR001

SD

80.0

82.0

2.00

81

54

2.9

0.0

ME-MS61

KSB_TR001

SD

82.0

84.0

2.00

90

116

3.0

<0.01

ME-MS61

KSB_TR001

SD

84.0

86.0

2.00

73

67

3.0

0.0

ME-MS61

KSB_TR001

SD

86.0

88.0

2.00

65

51

2.8

<0.01

ME-MS61

KSB_TR001

SD

88.0

90.0

2.00

66

47

2.7

<0.01

ME-MS61

KSB_TR001

SD

90.0

92.0

2.00

78

48

2.8

<0.01

ME-MS61

KSB_TR001

SD

92.0

94.0

2.00

61

41

2.7

<0.01

ME-MS61

KSB_TR001

SD

94.0

96.0

2.00

96

71

2.7

<0.01

ME-MS61

KSB_TR001

SD

96.0

97.7

1.70

62

81

2.9

<0.01

ME-MS61

KSB_TR001

CMN

97.7

99.7

2.00

129

94

2.7

0.0

ME-MS61

KSB_TR001

CMN

99.7

101.7

2.00

108

72

3.1

<0.01

ME-MS61

KSB_TR001

CMN

101.7

103.7

2.00

66

83

3.4

<0.01

ME-MS61

KSB_TR001

CMN

103.7

105.7

2.00

136

129

4.8

<0.01

ME-MS61

KSB_TR001

CMN

105.7

107.7

2.00

124

155

3.6

<0.01

ME-MS61

KSB_TR001

CMN

107.7

109.7

2.00

133

331

5.0

<0.01

ME-MS61

KSB_TR001

CMN

109.7

111.7

2.00

73

229

3.3

<0.01

ME-MS61

KSB_TR002

RAT

0.0

1.0

1.00

151

344

6.4

0.0

ME-MS61

KSB_TR002

RAT

1.0

2.0

1.00

132

310

6.4

<0.01

ME-MS61

KSB_TR002

RAT

2.0

3.0

1.00

127

353

7.4

<0.01

ME-MS61

KSB_TR002

RAT

3.0

4.0

1.00

217

512

6.0

<0.01

ME-MS61

KSB_TR002

RAT

4.0

5.0

1.00

243

496

4.7

<0.01

ME-MS61

KSB_TR002

RAT

5.0

6.0

1.00

350

607

4.8

<0.01

ME-MS61

KSB_TR002

RAT

6.0

6.7

0.70

461

724

2.6

<0.01

ME-MS61

KSB_TR002

RAT

6.7

7.4

0.70

475

428

7.7

0.0

ME-MS61

KSB_TR002

RAT

7.4

8.1

0.70

449

556

7.0

0.0

ME-MS61

KSB_TR002

RAT

8.1

9.0

0.90

489

760

5.8

0.0

ME-MS61

KSB_TR002

RAT

9.0

10.0

1.00

231

367

4.4

0.0

ME-MS61

KSB_TR002

D STRAT

10.0

11.0

1.00

191

242

4.1

0.0

ME-MS61

KSB_TR002

D STRAT

11.0

12.0

1.00

280

347

5.7

0.0

ME-MS61

KSB_TR002

D STRAT

12.0

13.0

1.00

198

319

2.3

0.0

ME-MS61

KSB_TR002

D STRAT

13.0

14.0

1.00

172

179

2.8

0.0

ME-MS61

KSB_TR002

D STRAT

14.0

15.0

1.00

155

178

3.1

0.0

ME-MS61

KSB_TR002

D STRAT

15.0

16.0

1.00

177

232

2.1

0.0

ME-MS61

KSB_TR002

D STRAT

16.0

17.0

1.00

127

223

1.5

0.0

ME-MS61

KSB_TR002

D STRAT

17.0

18.0

1.00

145

169

2.1

0.0

ME-MS61

KSB_TR002

D STRAT

18.0

19.0

1.00

183

188

1.5

<0.01

ME-MS61

KSB_TR002

D STRAT

19.0

20.0

1.00

176

168

2.9

0.0

ME-MS61

KSB_TR002

D STRAT

20.0

20.8

0.80

157

122

2.5

0.0

ME-MS61

KSB_TR002

D STRAT

20.8

21.5

0.70

145

74

2.0

0.0

ME-MS61

KSB_TR002

RSF

21.5

22.5

1.00

121

53

1.6

0.0

ME-MS61

KSB_TR002

RSF

22.5

23.5

1.00

112

65

1.6

0.0

ME-MS61

KSB_TR002

RSF

23.5

24.5

1.00

198

89

2.1

0.0

ME-MS61

KSB_TR002

RSF

24.5

25.2

0.70

264

82

2.1

0.0

ME-MS61

KSB_TR002

RSC

25.2

27.1

0.90

155

129

1.4

0.0

ME-MS61

KSB_TR002

RSC

27.1

29.1

1.00

87

70

1.5

<0.01

ME-MS61

KSB_TR002

RSF

29.1

30.1

1.00

177

97

2.0

0.0

ME-MS61

KSB_TR002

RSF

30.1

31.1

1.00

146

73

2.0

0.0

ME-MS61

KSB_TR002

RSF

31.1

32.1

1.00

177

636

6.8

0.0

ME-MS61

KSB_TR002

RSF

32.1

33.1

1.00

246

493

4.4

0.0

ME-MS61

KSB_TR002

RSF

33.1

34.1

1.00

209

249

2.6

0.0

ME-MS61

KSB_TR002

RSF

34.1

35.1

1.00

191

201

2.7

0.0

ME-MS61

KSB_TR002

RSC

35.1

35.8

0.70

183

322

3.8

0.0

ME-MS61

KSB_TR002

SD

35.8

37.8

1.00

83

765

6.8

0.0

ME-MS61

KSB_TR002

SD

37.8

39.8

1.00

113

365

5.2

0.0

ME-MS61

KSB_TR002

SD

39.8

41.8

1.00

171

246

4.0

0.0

ME-MS61

KSB_TR002

SD

41.8

43.3

1.50

84

100

4.5

0.0

ME-MS61

KSB_TR002

SD

43.3

44.3

1.00

140

220

6.0

0.0

ME-MS61

KSB_TR002

SD

44.3

45.3

1.00

339

319

6.4

0.0

ME-MS61

KSB_TR002

SD

45.3

46.0

0.70

333

460

5.2

0.0

ME-MS61

KSB_TR002

SD

46.0

47.0

1.00

394

496

6.9

0.0

ME-MS61

KSB_TR002

SD

47.0

49.0

2.00

482

798

6.7

0.0

ME-MS61

KSB_TR002

SD

49.0

51.0

2.00

309

233

12.2

0.0

ME-MS61

KSB_TR002

SD

51.0

53.0

2.00

855

317

8.1

0.0

ME-MS61

KSB_TR002

SD

53.0

55.0

2.00

404

552

9.5

0.0

ME-MS61

KSB_TR002

SD

55.0

57.0

2.00

341

426

7.5

0.0

ME-MS61

KSB_TR002

SD

57.0

58.0

1.00

453

468

8.2

0.0

ME-MS61

KSB_TR002

SD

58.0

59.0

1.00

629

468

6.7

0.0

ME-MS61

KSB_TR002

SD

59.0

60.0

1.00

233

284

5.6

<0.01

ME-MS61

KSB_TR002

SD

60.0

61.0

1.00

306

285

5.1

<0.01

ME-MS61

KSB_TR002

SD

61.0

62.0

1.00

245

81

3.5

<0.01

ME-MS61

KSB_TR002

SD

62.0

63.0

1.00

113

161

3.5

<0.01

ME-MS61

KSB_TR002

SD

63.0

64.0

1.00

58

78

1.9

<0.01

ME-MS61

KSB_TR002

SD

64.0

66.0

2.00

98

115

2.9

<0.01

ME-MS61

KSB_TR002

SD

66.0

68.0

2.00

101

92

3.3

0.0

ME-MS61

KSB_TR002

SD

68.0

70.0

2.00

130

59

3.1

0.0

ME-MS61

KSB_TR002

SD

70.0

72.0

2.00

107

115

3.1

0.0

ME-MS61

KSB_TR002

SD

72.0

74.0

2.00

74

64

3.1

0.0

ME-MS61

KSB_TR002

SD

74.0

76.0

2.00

100

88

3.0

<0.01

ME-MS61

KSB_TR003

RSC

0.0

2.0

2.00

153

142

3.0

0.0

ME-MS61

KSB_TR003

RSC

2.0

4.0

2.00

162

97

3.2

0.0

ME-MS61

KSB_TR003

RSC

4.0

6.0

2.00

143

169

2.8

0.0

ME-MS61

KSB_TR003

RSC

6.0

8.0

2.00

177

92

3.9

0.0

ME-MS61

KSB_TR003

RSC

8.0

10.0

2.00

233

87

3.7

0.0

ME-MS61

KSB_TR003

RSC

10.0

12.0

2.00

209

155

3.2

0.0

ME-MS61

KSB_TR003

RSC

12.0

14.0

2.00

253

211

4.5

0.0

ME-MS61

KSB_TR003

SD

14.0

16.0

2.00

272

203

4.5

0.0

ME-MS61

KSB_TR003

SD

16.0

18.0

2.00

257

371

6.2

0.0

ME-MS61

KSB_TR003

SD

18.0

20.0

2.00

113

94

3.7

0.0

ME-MS61

KSB_TR003

SD

20.0

22.0

2.00

247

226

5.5

0.0

ME-MS61

KSB_TR003

SD

22.0

24.0

2.00

160

147

5.2

0.0

ME-MS61

KSB_TR003

SD

58.5

60.0

1.50

239

152

4.6

0.0

ME-MS61

KSB_TR003

SD

60.0

61.2

1.20

152

325

3.1

0.0

ME-MS61

KSB_TR004

SD

0.0

2.0

2.00

57

282

4.3

<0.01

ME-MS61

KSB_TR004

SD

2.0

4.0

2.00

163

400

4.6

0.0

ME-MS61

KSB_TR004

SD

4.0

6.0

2.00

280

918

6.3

0.0

ME-MS61

KSB_TR004

SD

6.0

8.0

2.00

184

456

4.1

0.0

ME-MS61

KSB_TR004

SD

8.0

10.0

2.00

256

139

6.0

0.0

ME-MS61

KSB_TR004

SD

10.0

12.0

2.00

185

94

4.5

<0.01

ME-MS61

KSB_TR004

SD

12.0

14.0

2.00

173

156

4.6

<0.01

ME-MS61

KSB_TR004

SD

14.0

16.0

2.00

201

118

5.0

0.0

ME-MS61

KSB_TR004

SD

16.0

18.0

2.00

175

274

4.7

<0.01

ME-MS61

KSB_TR004

SD

18.0

20.0

2.00

145

133

4.5

<0.01

ME-MS61

KSB_TR004

SD

20.0

22.0

2.00

149

131

4.2

<0.01

ME-MS61

KSB_TR004

SD

22.0

24.0

2.00

217

160

4.8

<0.01

ME-MS61

KSB_TR004

SD

24.0

26.0

2.00

272

168

5.3

<0.01

ME-MS61

KSB_TR004

SD

26.0

28.0

2.00

253

198

4.8

<0.01

ME-MS61

KSB_TR004

SD

28.0

29.5

1.50

251

263

4.5

<0.01

ME-MS61

KSB_TR004

SD

29.5

31.0

1.50

319

319

4.7

<0.01

ME-MS61

KSB_TR004

SD

31.0

33.0

2.00

245

137

4.4

<0.01

ME-MS61

KSB_TR004

CMN

33.0

34.0

1.00

324

152

4.8

0.0

ME-MS61

KSB_TR004

CMN

34.0

35.0

1.00

661

863

7.0

0.0

ME-MS61

KSB_TR005

SD

15.0

17.0

2.00

127

292

2.8

0.0

ME-MS61

KSB_TR005

SD

17.0

19.0

2.00

113

281

2.2

0.0

ME-MS61

KSB_TR005

SD

19.0

20.0

1.00

147

291

2.5

<0.01

ME-MS61

KSB_TR005

SD

20.0

21.0

1.00

124

359

2.1

<0.01

ME-MS61

KSB_TR005

SD

21.0

22.0

1.00

353

805

3.0

<0.01

ME-MS61

KSB_TR005

SD

22.0

23.0

1.00

275

400

3.1

<0.01

ME-MS61

KSB_TR005

SD

23.0

24.0

1.00

438

703

5.2

0.0

ME-MS61

KSB_TR005

SD

24.0

25.0

1.00

440

838

5.6

0.0

ME-MS61

KSB_TR005

SD

25.0

26.0

1.00

393

901

6.0

0.0

ME-MS61

KSB_TR005

SD

26.0

27.0

1.00

223

503

4.0

0.0

ME-MS61

KSB_TR005

SD

27.0

28.0

1.00

575

647

7.0

0.0

ME-MS61

KSB_TR005

SD

28.0

29.0

1.00

329

495

6.0

0.0

ME-MS61

KSB_TR005

RAT

39.0

40.0

1.00

419

637

6.5

0.0

ME-MS61

KSB_TR005

RAT

40.0

41.0

1.00

268

346

3.8

0.0

ME-MS61

KSB_TR005

RAT

41.0

42.0

1.00

214

411

4.0

0.0

ME-MS61

KSB_TR005

RAT

42.0

43.0

1.00

63

213

6.8

0.0

ME-MS61

KSB_TR005

RAT

43.0

44.0

1.00

48

174

5.6

0.0

ME-MS61

KSB_TR005

RAT

44.0

45.0

1.00

133

189

7.0

0.0

ME-MS61

KSB_TR005

RAT

45.0

45.7

0.70

77

209

8.0

0.0

ME-MS61

KSB_TR005

RAT

45.7

46.2

0.50

164

195

6.6

0.0

ME-MS61

KSB_TR005

RAT

46.2

47.1

0.90

114

204

8.8

0.0

ME-MS61

KSB_TR005

RAT

47.1

48.0

0.90

124

200

8.2

0.0

ME-MS61

KSB_TR006

SD

11.0

13.0

2.00

255

178

4.5

0.0

ME-MS61

KSB_TR006

SD

13.0

15.0

2.00

143

78

3.5

0.0

ME-MS61

KSB_TR006

SD

15.0

16.0

1.00

264

114

4.4

0.0

ME-MS61

KSB_TR006

SD

16.0

17.0

1.00

344

135

5.7

0.0

ME-MS61

KSB_TR006

SD

17.0

18.0

1.00

306

218

5.9

0.0

ME-MS61

KSB_TR006

SD

18.0

19.0

1.00

298

218

5.8

0.0

ME-MS61

KSB_TR006

SD

19.0

20.0

1.00

224

150

4.0

0.0

ME-MS61

KSB_TR006

SD

20.0

21.0

1.00

311

160

4.7

0.0

ME-MS61

KSB_TR006

SD

21.0

22.0

1.00

258

174

5.4

0.0

ME-MS61

KSB_TR006

SD

22.0

23.0

1.00

221

186

5.2

0.0

ME-MS61

KSB_TR006

SD

24.0

25.0

1.00

293

234

5.0

0.0

ME-MS61

KSB_TR006

SD

25.0

26.0

1.00

246

237

4.6

0.0

ME-MS61

KSB_TR006

SD

26.0

27.0

1.00

271

284

4.7

0.0

ME-MS61

KSB_TR006

SD

27.0

28.0

1.00

264

294

4.7

0.0

ME-MS61

KSB_TR006

SD

28.0

29.0

1.00

285

388

4.6

0.0

ME-MS61

KSB_TR006

SD

29.0

30.0

1.00

228

448

4.9

0.0

ME-MS61

KSB_TR006

SD

30.0

31.1

1.10

266

339

4.1

0.0

ME-MS61

KSB_TR006

SD

31.1

33.1

2.00

146

153

3.8

0.0

ME-MS61

KSB_TR006

RSC

33.1

35.0

1.90

293

425

3.2

0.0

ME-MS61

KSB_TR006

RSC

35.0

36.0

1.00

296

411

3.5

0.0

ME-MS61

KSB_TR006

RSC

36.0

37.0

1.00

234

278

2.6

0.0

ME-MS61

KSB_TR006

RSC

37.0

38.0

1.00

277

389

2.5

0.0

ME-MS61

KSB_TR006

RSC

39.4

41.0

1.00

270

264

3.3

0.0

ME-MS61

KSB_TR006

RSC

41.0

42.0

1.00

301

338

3.9

0.0

ME-MS61

KSB_TR006

RSC

42.0

43.0

1.00

272

1090

3.5

0.0

ME-MS61

KSB_TR006

RSF

45.0

45.8

0.80

268

1865

3.1

0.0

ME-MS61

KSB_TR006

RSF

45.8

46.5

0.70

227

2260

1.3

0.0

ME-MS61

KSB_TR006

D STRAT

46.5

47.5

1.00

399

4030

2.9

0.0

ME-MS61

KSB_TR006

D STRAT

47.5

48.5

1.00

415

3530

4.1

0.0

ME-MS61

KSB_TR006

RAT

48.5

50.0

1.50

260

2320

2.3

0.0

ME-MS61

KSB_TR006

RAT

50.0

51.0

1.00

198

639

7.2

0.0

ME-MS61

KSB_TR006

RAT

51.0

52.0

1.00

220

688

5.0

0.0

ME-MS61

KSB_TR006

RAT

52.0

53.0

1.00

180

398

5.4

0.0

ME-MS61

KSB_TR006

RAT

53.0

54.0

1.00

132

242

4.8

0.0

ME-MS61

KSB_TR006

RAT

54.0

55.0

1.00

142

297

4.9

<0.01

ME-MS61

KSB_TR006

RAT

55.0

56.0

1.00

115

208

5.3

0.0

ME-MS61

KSB_TR006

RAT

56.0

57.0

1.00

88

174

6.0

0.0

ME-MS61

KSB_TR006

RAT

57.0

58.0

1.00

160

281

6.0

0.0

ME-MS61

KSB_TR006

RAT

58.0

59.0

1.00

122

286

6.7

<0.01

ME-MS61

KSB_TR006

RAT

59.0

60.0

1.00

122

215

7.6

<0.01

ME-MS61

KSB_TR006

RAT

60.0

61.0

1.00

123

249

7.6

<0.01

ME-MS61

KSB_TR007

RSC

10.0

12.0

2.00

143

327

2.2

0.0

ME-MS61

KSB_TR007

RSC

12.0

13.7

1.70

130

277

1.7

0.0

ME-MS61

KSB_TR007

RSF

13.7

14.9

1.20

194

265

2.8

0.0

ME-MS61

KSB_TR007

D STRAT

14.9

16.0

1.10

168

292

2.6

0.0

ME-MS61

KSB_TR007

D STRAT

16.0

17.0

1.00

203

964

2.7

0.0

ME-MS61

KSB_TR007

D STRAT

17.0

18.0

1.00

873

6450

10.5

0.0

ME-MS61

KSB_TR007

D STRAT

18.0

19.0

1.00

358

1965

4.5

0.0

ME-MS61

KSB_TR007

RAT

19.0

20.0

1.00

426

2310

4.9

0.0

ME-MS61

KSB_TR007

RAT

20.0

21.0

1.00

457

1725

4.7

0.0

ME-MS61

KSB_TR007

RAT

21.0

22.0

1.00

559

2020

5.2

0.0

ME-MS61

KSB_TR007

RAT

22.0

23.0

1.00

588

2150

5.0

0.0

ME-MS61

KSB_TR007

RAT

23.0

24.0

1.00

1450

4710

4.3

<0.01

ME-MS61

KSB_TR007

RAT

24.0

25.0

1.00

562

2040

5.1

<0.01

ME-MS61

KSB_TR007

RAT

25.0

26.0

1.00

431

1380

4.8

<0.01

ME-MS61

KSB_TR007

RAT

26.0

27.0

1.00

324

951

5.8

0.0

ME-MS61

KSB_TR007

RAT

27.0

28.0

1.00

282

941

5.9

<0.01

ME-MS61

KSB_TR007

RAT

28.0

29.0

1.00

172

438

6.0

<0.01

ME-MS61

KSB_TR007

RAT

29.0

30.0

1.00

181

385

5.0

0.0

ME-MS61

 

KEY:

Geol_Desc is stratigraphic sequence intersected by trench sample; refer to map of Figure 4.

Assay preparation by ALS Lubumbashi; assay digest and finish by ALS Johannesburg

Assays by ALS method ME_MS61, three acid digest with ICP-AES and ICP=OES finish

Trench From and To distance is relative to the trench datum defined by the co-ordinate of Table 1.

Cobalt colour highlight:

  • Buff:  > 500   ppm and <= 1000 ppm
  • Orange:  > 1000 ppm and <= 4000 ppm
  • Red  > 4000 ppm

 

 


 

 

JORC Code, 2012 Edition – Table 1 Kasombo Trenching and Mapping

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria

JORC Code explanation

Commentary

Sampling techniques

  • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.
  • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.
  • Aspects of the determination of mineralisation that are Material to the Public Report.
  • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.
  • trench samples were collected from each one metre horizontal increment; commencing from the trench datum to the end of trench
  • Calico bags used to take a 2 kg assay sample
  • We rely on ALS systems, a NATA certified laboratory, to ensure their ICP instruments are in calibration

 

 

Drilling techniques

  • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).
  • No drilling completed

Drill sample recovery

  • Method of recording and assessing core and chip sample recoveries and results assessed.
  • Measures taken to maximise sample recovery and ensure representative nature of the samples.
  • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.
  • The samples collected do not relate to drilling

Logging

  • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
  • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
  • The total length and percentage of the relevant intersections logged.
  • The samples collected from the trench were geologically logged; and a geological interpretation at 1:5000 scale was completed from new data collected from trenches and previous mapping data

Sub-sampling techniques and sample preparation

  • If core, whether cut or sawn and whether quarter, half or all core taken.
  • If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.
  • For all sample types, the nature, quality and appropriateness of the sample preparation technique.
  • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.
  • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.
  • Whether sample sizes are appropriate to the grain size of the material being sampled.
  • No sub-sampling required – original sample taken from trench was submitted to laboratory
  • Blanks, duplicates and standards were inserted into the trench sample sequence at a rate of 1 control per 20 samples

Quality of assay data and laboratory tests

  • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.
  • For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.
  • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.
  • Three acid digest is capable of totally digesting the target elements
  • Samples were prepared and analysed by ALS; with samples crushed and pulverised in ALS’ Lubumbashi, DRC laboratory, and ICP-AES or ICP-MS finish in ALS’ Johannesburg laboratory.
  • Preparation: crush and pulverise so that 80% of sample pass minus 80 micron
  • ALS method ME-MS61, having a low lower level of detection
  • Over-range assay re-analysed by ALS ore grade method OG-62
  • Digest: four acid digest on a 0.25g charge
  • Element Suite (with lower level of detection in brackets in ppm): Ag(0.01), Al(100), As(0.2), Ba(10), Be(0.05), Bi(0.01), Ca(100), Cd(0.02), Ce(0.01), Co(0.1), Cr(1), Cs(0.05), Cu(0.2), Fe(100), Ga(0,05), Ge(0,05), Hf(0.1), In(0.005), K(100), La(0.5), Li(0.2), Mg(100), Mn(5), Mo(0.05),  Na(100), Nb(0.1), Ni(0.2), P(10), Pb(0.5), Rb(0.1), Re(0.002), S(100), Sb(0.05), Sc(0.1), Se(1), Sn(0.2), Sr(0.2), Ta(0.05), Te(0.05), Th(0.2), Ti(0.005), Tl(0.02), U(0.1), V(1), W(0.1), Y(0.1), Zn(2), Zr(0.5)
  • Certified Reference Material (CRM) where inserted in the sample stream at every 20th consecutive sample

 

 

Verification of sampling and assaying

  • The verification of significant intersections by either independent or alternative company personnel.
  • The use of twinned holes.
  • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
  • Discuss any adjustment to assay data.
  • This trenching program is the verification of previous selective rockchip sampling programs; this trenching thus provides a more rigorous control of the selective rockchips

 

Location of data points

  • Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.
  • Specification of the grid system used.
  • Quality and adequacy of topographic control.
  • Samples were located with handheld GPS, having an accuracy of plus or minus 10 m.
  • Trenches were excavated straight with widths sufficient to allow a person to enter
  • Collar location described in datum WGS84 Zone 35south

Data spacing and distribution

  • Data spacing for reporting of Exploration Results.
  • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.
  • Whether sample compositing has been applied.
  • The data is not suitable for Mineral Resource estimation; further drilling is required
  • Mapping indicated a relatively small target zone, this target zone is sufficiently covered by the trenches, and needs to be followed up by further drilling
  • No sample compositing

Orientation of data in relation to geological structure

  • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.
  • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.
  • All trenches are oriented orthogonal to strike of strata; mineralisation is comformable to bedding; therefore trenches are appropriately aligned to probable strike of mineralisation

Sample security

  • The measures taken to ensure sample security.
  • Samples kept under supervision of geological/sampling crew and transported to ALS laboratory by geological crew

Audits or reviews

  • The results of any audits or reviews of sampling techniques and data.
  • No audits or reviews have been completed

 

 

 

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria

JORC Code explanation

Commentary

Mineral tenement and land tenure status

  • Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.
  • The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.
  • The licence is held by state owned company Gecamines and is the subject of a rights agreement between Gecamines and Paragon SARL. Paragon has a joint venture with Cape Lambert Resources and Cape Lambert Resources has entered in to an agreement with Fe Limited to assign its rights to the Kasombo Project to Fe Limited.

 

Exploration done by other parties

  • Acknowledgment and appraisal of exploration by other parties.
  • Gecamines mapping completed in 1990’s.

 

Geology

  • Deposit type, geological setting and style of mineralisation.
  • Cu-Co mineralisation of the Katangan style; where stratabound mineralisation is located in the Lower Roan Supergroup
  • Breccia style cross-cutting Cu-Co mineralisation in vertically dipping structures

Drill hole Information

  • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
    • easting and northing of the drill hole collar
    • elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar
    • dip and azimuth of the hole
    • down hole length and interception depth
    • hole length.
  • If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.
  • Location of all trenches is shown in Table 1and Figures 3 and 4 of text

Data aggregation methods

  • In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.
  • Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.
  • The assumptions used for any reporting of metal equivalent values should be clearly stated.
  • length weighted averaging applied
  • No mass weighted averaging

 

Relationship between mineralisation widths and intercept lengths

  • These relationships are particularly important in the reporting of Exploration Results.
  • If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.
  • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’).
  • Trenches aligned orthogonal to interpreted mineralisation; they are at least orthogonal to bedding as mapped in surface outcrop and in excavated trench exposure.
  • Mapping shows a folded nature to the favourable horizon (mineralisation target) which shows limited size potential

 

Diagrams

  • Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.
  • Presented in the body of the report

Balanced reporting

  • Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.
  • Full reporting of results presented here; all assays are shown in Table 2; summary intercepts also shown, using a cutoff of 500 ppm Co

Other substantive exploration data

  • Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.
  • Further data may be collected in the next phase of exploration, if appropriate from results of this trenching work

Further work

  • The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).
  • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.
  • Scout drilling may be required to follow up mineralisation intersected by trench sampling.

 

 

 



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