 | | | Published : June 05th, 2007 | Drill Programme Returns High-grade Intersections and Shows Vertical Co |
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June 5, 2007
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African Copper-Infill Drill Programme Returns High-grade Intersections and
Shows Vertical Continuity of Copper Mineralisation in the Proposed Open Pit
Area at Dukwe - 17,000 metre drill programme completed at the Dukwe Project
- Infill drill programme completed within open-pit boundary to provide confidence in vertical continuity of mineralisation in steeply east dipping mineralized zone
- Metallurgical drill hole returns 1.18% copper and 2.4 g/t silver over a vertical distance of 454 metres
- 2.65% copper and 2.5 g/t silver over a vertical distance of 113 metres from 40 metres below surface
- 2.51% copper and 5.6 g/t silver over a vertical distance of 94 metres from 32 metres below surface
- 2.49% copper and 2.8 g/t silver over a vertical distance of 107 metres from 21 metres below surface
- 1.73% copper and 1.5 g/t silver over a vertical distance of 130 metres from 20 metres below surface including 97 metres at 2.12% copper and 1.6 g/t silver
- Updated resource calculation is expected before the end of June 2007
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LONDON, UNITED KINGDOM--(CCNMatthews - June 5, 2007) - African Copper Plc ("African Copper" or the "Company") (TSX:ACU)(AIM:ACU)(BSE:AFRICAN COPPER) announces results from the recently completed in-fill drill evaluation at its flagship Dukwe Mining Project in northern Botswana.
The Dukwe Project is hosted within the NNE striking, steeply east dipping Bushman Shear Zone (BSZ). The lineament is a 200km long regional structure which is between 200 to 400m wide. The drill holes described in Table 1 below are all within the proposed open pit area (see link to Figure 1) and are drilled sub-vertically into sub-vertical mineralisation.
"This drill programme was designed for grade control and to verify the vertical continuity of the Dukwe ore body," commented Joseph Hamilton, CEO. "The results from this set of drill holes, in conjunction with results from holes that were drilled previously (African Copper press releases early 2006), have given us a much clearer picture of the ore body we intend to mine and the grades we will encounter as we progress through the open pit. A new resource calculation is currently underway for the Dukwe pit area and we expect to have that complete before the end of the second quarter of 2007."
All significant copper mineralisation within the primary sulphide zone at the Dukwe Mining Project occurs as chalcopyrite hosted by a complex assemblage of hydrothermal quartz veins and vein breccias within metamorphosed carbonate rocks. This characteristic assemblage is continuous along strike and is subject to the pinch-and-swell deformation associated with the regional BSZ. The near surface parts of this mineralisation have been enriched in a supergene blanket, while the zones closest to surface have been oxidized with the development of copper carbonate, silicate and oxide minerals as well as native copper. This mineralized breccia package has a variable overall true width ranging from less than 10m to 80m.
In line with the Company's strategy to fully exploit the economic potential of its mineralized resources and to generate cash flow as quickly as possible to optimize shareholder value, the potential to mine economic mineralisation from the upper oxide and supergene zones of the deposit was identified as being a viable operational strategy.
Consequently, during the period mid-July to mid-December 2006, African Copper undertook a focused infill drilling programme, over the areas of the Dukwe orebody considered amenable for open pit mining, between Section Line 16 and Section Line 53. To optimize costs and the speed of evaluation, a policy of drilling alternating Diamond drill and reverse circulation holes was implemented on a nominal collar spacing of 20m meters between holes. The majority of holes were drilled vertically, or steeply inclined, to a depth of 150m, this being the boundary between oxide/supergene and sulphide mineralisation, and the practical limit of open pit mining at Dukwe.
The drill programme included holes in both the pit area and in extensions to the mineralisation to the south (southern extension holes not reported here). A total of 114 new holes were drilled over a strike length of 1.8 km and comprised a combined total of Diamond drill and reverse circulation drill advance of 16,993 meters. A full series of illustrative drill sections indicating intersections at greater than 0.25% Cu achieved during this programme may be referenced on the African Copper website www.africancopper.com. A tabulation of the intersections at greater than 0.25% Cu is included in Table 1 for reference.
Industry standard sampling and assaying protocols consistent with previous drill evaluation at the deposit have been applied. A total of 9,353 samples excluding QA/QC samples were submitted to ALS Chemex in Johannesburg for assay including both TCu and ASCu. Upon receipt and completion of assay data from ALS Chemex, a total of 609 samples were selected and sent for umpire analysis to SGS laboratories in Johannesburg; these results are currently awaited. On receipt and verification of the umpire samples, the new assay data will be incorporated with historical data and applied in the calculation of the new National Instrument 43-101, JORC and SAMREC compliant resource estimate.
Caracle Creek International Consulting have been retained by African Copper to complete a fully compliant National Instrument 43-101 resource estimate inclusive of this latest phase of evaluation drilling. It is anticipated that this work will be completed by end-June. A pit optimization incorporating the latest mining and processing parameters will be undertaken in June to generate an updated mineable reserve and finalise the optimal open pit production plan.
Table 1
-----------------------------------------------------------------
Hole From To Width Copper Silver Section
Name (m) (m) (m) (%) (g/t) Line
-----------------------------------------------------------------
AINF12B 17.7 112.2 94.5 0.77 2.8
including 17.7 38.7 21.0 1.27 4.0 S 19
and 52.4 57.7 5.3 2.31 4.7 S 19
and 61.7 86.5 24.8 1.15 3.0 S 19
and 100.7 103.2 2.5 1.33 5.2 S 19
and 107.7 112.2 4.5 2.31 11.2 S 19
and 76.0 90.6 14.6 5.63 16.3 S 19
-----------------------------------------------------------------
AINF13B 76.7 179.6 102.9 1.36 3.9
including 95.6 112.8 17.2 1.36 5.4 S 19
and 144.6 149.1 4.5 2.03 4.7 S 19
and 174.6 179.6 5.0 6.00 9.3 S 19
-----------------------------------------------------------------
AINF15 51.0 111.0 60.0 1.08 2.2
including 51.0 95.0 44.0 1.34 1.8 S 19
and 101.0 111.0 10.0 0.54 2.5 S 19
-----------------------------------------------------------------
AINF17 49.6 149.0 99.4 1.16 1.9
including 49.6 51.6 2.0 0.57 0.5 S 20
and 59.1 98.6 39.5 2.50 3.8 S 20
and 112.6 118.6 6.0 0.69 1.9 S 20
and 128.6 134.6 6.0 0.79 1.7 S 20
and 146.0 149.0 3.0 0.72 3.0 S 20
-----------------------------------------------------------------
AINF19 50.0 86.0 36.0 2.39 0.0 S 20
-----------------------------------------------------------------
AINF21B 62.5 90.2 27.7 1.75 1.5 S 21
-----------------------------------------------------------------
AINF21C 64.8 122.8 58.0 2.06 1.5 S 21
-----------------------------------------------------------------
AINF22 26.0 29.0 3.0 0.68 2.2 S 21
-----------------------------------------------------------------
AINF23B 50.7 114.0 63.3 0.38 1.4
including 50.7 57.8 7.1 0.75 0.8 S 21a
and 69.8 77.0 7.2 2.09 4.1 S 21a
and 108.0 114.0 6.0 0.35 0.4 S 21a
-----------------------------------------------------------------
AINF25 4.7 150.1 145.4 0.38 1.4
including 4.7 23.7 19.0 1.21 3.5 S 22
and 95.9 100.7 4.8 1.02 3.2 S 22
and 118.7 123.7 5.0 0.92 1.1 S 22
and 126.7 130.7 4.0 1.14 0.6 S 22
and 135.7 150.1 14.4 1.02 0.8 S 22
-----------------------------------------------------------------
AINF26 18.5 129.4 110.9 0.73
including 18.5 29.0 10.5 1.39 S 22
and 35.3 42.8 7.5 0.42 S 22
and 49.8 56.6 6.8 0.42 S 22
and 61.7 65.8 4.1 2.97 S 22
and 79.8 107.4 27.6 1.05 S 22
and 112.5 129.4 16.9 0.87 S 22
-----------------------------------------------------------------
AINF27 5.0 67.0 62.0 0.88 2.6
including 5.0 14.0 9.0 2.35 6.2 Not Shown
and 61.0 67.0 6.0 5.04 7.8 Not Shown
-----------------------------------------------------------------
AINF28 45.0 76.0 31.0 0.78 3.1
including 45.0 52.0 7.0 1.11 3.4 S 23
and 60.0 76.0 16.0 0.98 4.2 S 23
-----------------------------------------------------------------
AINF8 9.4 160.7 151.3 0.43 2.4
including 9.4 10.7 1.3 0.99 2.0 Individual Section
and 99.1 127.4 28.3 1.82 9.3 Individual Section
and 153.3 160.7 7.4 1.37 4.4 Individual Section
-----------------------------------------------------------------
AKAR11B 11.6 17.6 6.0 0.69 2.9 S 21
-----------------------------------------------------------------
AKAR12B 50.3 52.2 1.9 0.71 5.4 S 21
134.6 137.0 2.4 0.46 1.4 S 21
143.9 146.6 2.7 5.76 6.0 S 21
-----------------------------------------------------------------
AKAR15 52.2 54.1 1.9 1.41 0.8 Not Shown
62.2 64.9 2.7 0.62 2.7 Not Shown
89.8 95.8 6.0 0.65 2.3 Not Shown
121.8 124.3 2.5 1.13 3.4 Not Shown
130.8 148.8 18.0 0.92 2.6 Not Shown
-----------------------------------------------------------------
AKAR4 4.0 10.0 6.0 1.01 4.8 S 17a
27.0 29.0 2.0 0.52 2.0 S 17a
47.0 52.0 5.0 0.25 1.2 S 17a
60.0 62.0 2.0 0.40 2.5 S 17a
-----------------------------------------------------------------
BINF1 39.6 152.6 113.0 2.65 2.5 S 34
-----------------------------------------------------------------
BINF10 27.0 68.0 41.0 1.85 3.6
including 27.0 50.0 23.0 2.98 5.1 S 28
BINF11 21.0 23.0 2.0 0.72 2.5 S 27
-----------------------------------------------------------------
BINF13 18.0 79.0 61.0 1.8 4.6
including 32.0 79.0 47.0 2.29 5.5 S 26
-----------------------------------------------------------------
BINF14B 64.2 123.0 58.8 0.29 28.5
including 64.2 76.2 12.0 0.83 4.1 S 26
and 105.0 108.0 3.0 0.45 517.3 S 26
and 114.0 123.0 9.0 0.31 1.8 S 26
-----------------------------------------------------------------
BINF15 69.0 73.0 4.0 0.43 0.5 S 26
79.0 94.0 15.0 0.47 0.9 S 26
-----------------------------------------------------------------
BINF16 25.1 137.2 112.1 1.20 4.6
including 25.1 38.0 12.9 0.49 1.7 S 25
and 61.5 63.7 2.2 1.30 6.0 S 25
and 84.3 88.8 4.5 2.39 7.4 S 25
and 106.7 123.0 16.3 3.65 19.0 S 25
and 130.1 137.2 7.1 7.00 12.9 S 25
-----------------------------------------------------------------
BINF17 25.0 36.0 11.0 0.78 1.7 S 24
140.0 150.0 10.0 0.63 1.3 S 24
-----------------------------------------------------------------
BINF18 93.1 101.8 8.7 0.38 1.8 S 24
106.0 113.2 7.2 0.45 1.5 S 24
134.8 147.2 12.4 0.91 3.3 S 24
-----------------------------------------------------------------
BINF19 13.8 33.7 19.9 1.53 14.0 S 23
45.9 48.8 2.9 0.40 2.0 S 23
118.9 126.3 7.4 0.31 1.9 S 23
131.3 134.3 3.0 0.84 2.3 S 23
142.3 148.8 6.5 0.44 1.1 S 23
-----------------------------------------------------------------
BINF2 49.0 54.0 5.0 0.47 0.9 Individual Section
65.0 73.0 8.0 0.76 1.0 Individual Section
98.0 150.0 52.0 1.36 1.9 Individual Section
-----------------------------------------------------------------
BINF3 23.2 150.8 127.6 1.80 1.4
including 23.2 33.4 10.2 0.85 0.8 S 33
and 42.3 69.7 27.4 1.72 1.4 S 33
and 72.7 131.0 58.3 2.66 1.5 S 33
and 135.8 150.8 15.0 0.92 1.6 S 33
-----------------------------------------------------------------
BINF4 19.0 150.0 131.0 1.79 1.8
including 19.0 32.0 13.0 0.62 2.7 S 32
and 40.0 71.0 31.0 0.97 1.2 S 32
and 77.0 90.0 13.0 1.61 2.1 S 32
and 95.0 150.0 55.0 3.15 1.8 S 32
-----------------------------------------------------------------
BINF5 21.7 43.8 22.1 2.49 4.9 Not Shown
-----------------------------------------------------------------
BINF5B 21.5 149.3 127.8 2.17 2.8
including 21.5 128.7 107.2 2.49 2.8 S 31
and 133.8 139.9 6.1 1.01 3.9 S 31
and 146.6 149.3 2.7 0.47 4.0 S 32
-----------------------------------------------------------------
BINF6 20.0 150.0 130.0 1.73 1.5
including 20.0 30.0 10.0 1.01 1.1 S 30
and 37.0 48.0 11.0 0.65 1.1 S 30
and 53.0 150.0 97.0 2.12 1.6 S 30
-----------------------------------------------------------------
BINF9 44.3 150.7 106.4 1.98 3.0
including 44.3 99.0 54.7 2.67 3.5 S 29
and 103.0 137.1 34.1 1.57 2.7 S 29
and 141.1 150.7 9.6 1.09 2.8 S 29
-----------------------------------------------------------------
CINF13 10.0 90.0 80.0 0.55 2.1
including 10.0 12.0 2.0 0.39 0.5 S 37
and 16.0 24.0 8.0 0.97 2.4 S 37
and 65.0 90.0 25.0 1.32 2.7 S 37
-----------------------------------------------------------------
CINF14 25.8 93.8 68.0 0.96 2.5
including 25.8 46.2 20.4 1.85 4.2 Individual Section
and 55.0 66.8 11.8 1.68 2.3 Individual Section
and 90.8 93.8 3.0 1.63 6.5 Individual Section
-----------------------------------------------------------------
CINF14B 38.8 43.3 4.5 0.43 1.7 Not Shown
62.3 66.0 3.7 0.77 2.9 Not Shown
-----------------------------------------------------------------
CINF15 26.0 28.0 2.0 0.83 1.5 S 38
34.0 47.0 13.0 0.54 1.8 S 38
53.0 104.0 51.0 2.19 3.7
including 53.0 66.0 13.0 2.78 4.2 S 38
and 74.0 104.0 30.0 2.48 4.0 S 38
and 109.0 116.0 7.0 0.72 2.1 S 38
and 126.0 130.0 4.0 0.28 2.3 S 38
and 133.0 136.0 3.0 0.66 3.0 S 38
and 144.0 149.0 5.0 0.51 0.9 S 38
-----------------------------------------------------------------
CINF16 51.5 75.0 23.5 1.14 8.5
including 51.5 54.7 3.2 2.69 4.0 S 39
and 62.2 75.0 12.8 1.45 12.7 S 39
-----------------------------------------------------------------
CINF17 48.7 135.4 86.7 1.61 1.3
including 48.7 50.2 1.5 1.08 1.6 S 36
and 63.0 121.0 58.0 2.20 1.5 S 36
and 127.6 135.4 7.8 1.04 0.8 S 36
-----------------------------------------------------------------
CINF18 78.0 88.0 10.0 0.50 0.8 S 35
111.0 125.0 14.0 0.68 1.8 S 35
-----------------------------------------------------------------
CINF20 51.0 54.0 3.0 0.32 1.3 S 45
85.0 90.0 5.0 0.75 1.1 S 45
121.0 123.0 2.0 5.29 6.0 S 45
141.0 150.0 9.0 1.29 1.9 S 45
-----------------------------------------------------------------
CINF22 72.0 97.0 25.0 2.90 2.7
including 72.0 80.0 8.0 1.13 1.3 Individual Section
and 85.0 97.0 12.0 5.24 4.4 Individual Section
-----------------------------------------------------------------
CINF23 86.0 89.0 3.0 0.25 2.0 S 35
-----------------------------------------------------------------
CINF24 68.3 150.6 82.3 0.63 1.7
including 68.3 70.3 2.0 1.04 1.3 S 45
and 105.6 110.0 4.4 0.82 0.5 S 45
and 119.5 128.1 8.6 2.12 2.7 S 45
and 132.6 150.6 18.0 1.45 5.2 S 45
-----------------------------------------------------------------
CINF25 56.0 91.0 35.0 1.19 2.1
including 56.0 62.0 6.0 1.53 1.9 S 46
and 68.0 91.0 23.0 1.39 2.3 S 46
-----------------------------------------------------------------
CINF26 29.8 150.5 120.7 1.11 1.9
including 29.8 69.8 40.0 2.38 3.2 S 46
and 87.8 107.5 19.7 0.84 1.4 S 46
and 133.3 150.5 17.2 1.00 1.0 S 46
-----------------------------------------------------------------
CINF27 48.0 50.0 2.0 2.25 0.5 Individual Section
71.0 83.0 12.0 0.41 0.8 Individual Section
-----------------------------------------------------------------
CINF28 7.9 131.1 123.2 0.89 1.0
including 7.9 53.9 46.0 1.42 0.6 S 47
and 78.8 95.5 16.7 1.44 2.1 S 47
and 103.0 109.2 6.2 1.28 1.6 S 47
and 114.1 131.1 17.0 0.52 0.9 S 47
-----------------------------------------------------------------
CINF29 83.0 91.0 8.0 4.56 3.3 Individual Section
-----------------------------------------------------------------
CINF30 113.4 130.2 16.8 1.80 1.3 S 48
146.3 150.1 3.8 0.86 0.5 S 48
-----------------------------------------------------------------
CINF31 74.0 88.0 14.0 1.17 2.4 S 49
-----------------------------------------------------------------
CINF32 90.5 102.5 12.0 0.53 188.9 S 49
112.3 119.6 7.3 0.30 2.4 S 49
125.8 131.5 5.7 0.48 0.7 S 49
136.7 143.6 6.9 0.48 0.5 S 49
147.6 150.8 3.2 0.65 0.5 S 49
-----------------------------------------------------------------
CINF33 27.0 31.0 4.0 0.39 3.4 Individual Section
68.0 91.0 23.0 0.72 0.9 Individual Section
110.0 128.0 18.0 1.18 2.3 Individual Section
-----------------------------------------------------------------
CINF34 99.9 150.0 50.1 1.89 3.7
including 99.9 104.9 5.0 1.78 2.2 S 50
and 109.0 150.0 41.0 2.08 4.0 S 50
-----------------------------------------------------------------
CINF35 6.0 9.0 3.0 0.35 0.5 S 51
12.0 20.0 8.0 0.66 0.6 S 51
25.0 42.0 17.0 0.70 0.7 S 51
47.0 51.0 4.0 0.34 0.5 S 51
63.0 68.0 5.0 1.02 0.9 S 51
76.0 96.0 20.0 2.08 3.9 S 51
-----------------------------------------------------------------
CINF36 26.3 46.7 20.4 1.29 0.8
including 26.3 41.5 15.2 1.44 0.8 Not Shown
and 45.2 46.7 1.5 2.76 0.7 Not Shown
-----------------------------------------------------------------
CINF36B 69.5 150.6 81.1 1.71 3.1
including 69.5 97.1 27.6 2.54 2.0 Not Shown
and 104.6 150.6 46.0 1.95 4.3 Not Shown
-----------------------------------------------------------------
CINF36C 45.7 125.2 79.5 1.50 5.1 S 51
-----------------------------------------------------------------
CINF37 43.0 72.0 29.0 4.10 1.9 Individual Section
79.0 91.0 12.0 0.24 2.0 Individual Section
-----------------------------------------------------------------
CINF38 37.0 59.2 22.2 0.76 1.2 S 52
-----------------------------------------------------------------
CINF39 40.4 88.0 47.6 1.18 1.7
including 40.4 43.2 2.8 2.18 3.1 Individual Section
and 58.8 72.0 13.2 1.16 1.3 Individual Section
and 77.8 88.0 10.2 3.23 2.3 Individual Section
-----------------------------------------------------------------
CINF40 36.0 43.6 7.6 0.62 1.2 Individual Section
-----------------------------------------------------------------
CINF9B 95.6 149.0 53.4 0.83 35.6
including 95.6 99.5 3.9 0.95 464.8 S 44
and 108.1 132.5 24.4 1.30 1.9 S 44
and 143.8 149.0 5.2 1.55 3.2 S 44
-----------------------------------------------------------------
CK22 134.5 152.4 17.9 1.24 0.6 S 48
-----------------------------------------------------------------
CK23 61.4 150.9 89.5 1.59 2.3
including 61.4 77.8 16.4 1.36 3.7 Individual Section
and 90.8 97.8 7.0 1.32 2.6 Individual Section
and 110.2 112.5 2.3 1.32 2.6 Individual Section
and 128.4 150.9 22.5 4.84 4.9 Individual Section
-----------------------------------------------------------------
DWM18D 47.5 502.2 454.7 1.18 2.4
including 47.5 60.8 13.3 3.73 1.0 S 59
and 76.0 90.0 14.0 2.61 2.7 S 59
and 95.0 104.8 9.8 1.00 0.7 S 59
and 109.9 140.6 30.7 1.49 1.3 S 59
and 145.4 210.0 64.6 1.20 4.0 S 59
and 220.4 240.3 19.9 2.35 0.9 S 59
and 245.0 251.0 6.0 0.92 1.1 S 59
and 254.7 265.0 10.3 1.02 1.9 S 59
and 272.4 277.2 4.8 0.71 1.7 S 59
and 282.4 284.5 2.1 0.67 0.5 S 59
and 291.2 304.8 13.6 1.22 2.2 S 59
and 316.8 344.8 28.0 0.48 4.1 S 59
and 348.8 351.8 3.0 0.50 7.7 S 59
and 357.8 380.8 23.0 0.65 0.9 S 59
and 390.8 447.8 57.0 2.74 4.2 S 59
and 469.7 475.4 5.7 2.09 4.1 S 59
and 478.4 502.2 23.8 0.98 2.1 S 59
-----------------------------------------------------------------
Note to Table 1: These intersections are not true widths since all
holes were drilled sub-vertically into the mineralized zone that
dips steeply to the east. These holes were drilled to provide grade-
control information in advance of mining. Samples of half core were
cut and placed into sealed bags at the Dukwe minesite camp under the
direct supervision of African Copper employees. These were transported
weekly by commercial carrier to Johannesburg. All sample preparation
and analyses were completed at the ALS Chemex laboratories in
Johannesburg (ISO 17025 accredited and independent of African Copper).
Copper assays are completed using standard preparation of crushing to
70% less than 2 mm followed by splitting and pulverizing to 85% less
than 75 micron. Analyses are generally completed utilizing 27 element
four-acid ICP-AES in addition to a four-acid ore-grade element
digestion followed by ICP-AES. Acid-soluble copper analyses were
included. Any overlimit analyses are reanalyzed using an ore-grade
four-acid digestion with AA or ICP-AES finish. QA/QC procedures
included the submission by African Copper of systematic duplicates,
blanks and both low-grade and high-grade standard samples within the
sample batches submitted to ALS Chemex. Control samples comprise 20%
of all samples submitted. Referee sample analyses have not yet been
received or reviewed. Mr. Joseph Hamilton, P.Geo. and the Chief
Executive Officer of the Company, has reviewed the results presented
above for accuracy.African Copper, PLC
African Copper is a tri-listed (AIM, TSX, Botswana Stock Exchange) international exploration and development company. African Copper is developing its first copper mine at the Dukwe Mining Project scheduled to commence production in the first quarter of 2008. The flotation concentrator at Dukwe has been designed for a 3,000 tonne-per-day throughput producing approximately 44 million pounds of copper in concentrate annually at full production. Initial production is expected to be from open pit, followed by underground mining of sulphides. Additional information with respect to Dukwe is contained in a technical report by RSG Global dated 01 December 2006 entitled "Dukwe Copper Project - Database Review, Geological Modeling and Grade Estimation of the Dukwe Copper Project". A copy of this report may be obtained from SEDAR at www.sedar.com.
The Company's other interests are the Matsitama Exploration Project concessions adjacent to the Dukwe Mining Project, which contains ten high priority drill-ready targets and 35 lower priority targets. Mr. Joseph Hamilton, P.Geo. and Chief Executive Officer of African Copper, is a "qualified person" as such term is defined in National Instrument 43-101. This press release has been prepared under Mr. Hamilton's supervision. Mr. Hamilton has reviewed the data disclosed in this press release for accuracy. For more information on African Copper, please visit www.africancopper.com or email info@africancoppper.com.
This press release contains or refers to forward-looking information, including statements related to future production, mineral resource estimates, exploration and mine development plans, timing of the development of the Company's projects in Botswana, exploration results, and other statements which are not historical facts. When used in this press release, words such as "schedule", "could", "plan", "estimate", "expect", "believe", "intend", "may" and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include risks related to failure to convert estimated mineral resources to reserves, the grade and recovery of ore which is mined varying from estimates, future prices of copper, capital and operating costs varying significantly from estimates, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, delays in the development of projects, conclusions of economic evaluations, political risks arising from operating in Africa, changes in project parameters as plans continue to be refined, and other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could case actual results to differ materially from expected results. Accordingly, readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or to revise them to reflect new events or circumstances, except as required by law.
A map of African Copper's Dukwe pit area hole location is available at the following web address:
http://www.ccnmatthews.com/docs/dukwepitareamap.pdf
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CONTACT INFORMATION:
African Copper Plc
Naomi Nemeth
Vice President, Investor Relations
(416) 214-2922
Email: Info@africancopper.com
Website: www.africancopper.com
or
Numis Securities Limited (NOMAD)
John Harrison / James Black
+44 (0) 20 7260 1000
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INDUSTRY: Manufacturing and Production - Mining and Metals
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Data and Statistics for these countries : Botswana | All Gold and Silver Prices for these countries : Botswana | All
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African Copper Plc
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PRODUCER |
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CODE : ACU.L |
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ProfileMarket
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Asset profileContact Cpy |
African Copper is a copper producing company based in United kingdom. African Copper develops copper and silver in Botswana, and holds various exploration projects in Botswana. Its main asset in production is MOWANA MINE in Botswana, its main asset in development is THAKADU in Botswana and its main exploration property is MATSITAMA in Botswana. African Copper is listed in Canada, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 44.6 millions as of today (€ 40.1 millions). Its stock quote reached its highest recent level on July 20, 2007 at GBX 97.50, and its lowest recent point on June 05, 2015 at GBX 0.03. African Copper has 1 485 110 016 shares outstanding. |
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