Africo Re-Commences Core Drilling Program on its Kalukundi Copper and Cobalt Project in the Katanga Province, DRC
Published : June 23, 2011
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2011) - Africo Resources Ltd. (News - Market indicators) ("Africo") is pleased to announce that it has recommenced drilling at its Kalukundi property in the Katanga Province, DRC.

The initial programme of borehole drilling will focus on the Principal and Anticline Fragments of the property where the highest grades of copper and cobalt were encountered during our last exploration activities conducted in 2008 and 2009. An initial programme of 4,000 metres of drilling is planned as infill drilling to confirm continuity and grade of the currently defined geology and mineralization and to search for extensions of the known mineralization.

In addition, a programme of shallow drill holes is planned for the Kii and Kalukundi Fragments as soon as a smaller portable drilling rig can be secured. This drilling will be focused on defining the grade of the near surface mineralization on these two fragments with a view to commissioning a preliminary mining plan on the northeast extensions of each of these two fragments.

The Kalukundi project is located 60km to the east of the mining centre of Kolwezi within the Copperbelt of the DRC. Kalukundi is also located only 23km to the west of the major Tenke-Fungurume complex, which is currently in production for Freeport McMoRan Copper Gold Inc.

This news release has been prepared under the supervision of Michael J. Evans, Africo's Consulting Geologist, who is a Qualified Person under National Instrument 43-101 (NI 43-101).

Note for editors:

Africo Resources Ltd. is a Canadian mineral company engaged in developing, acquiring and exploring for base metal and gold assets in Africa. The company's main project is Kalukundi, a development stage copper-cobalt deposit located in the Katangan Copperbelt in the Democratic Republic of Congo (DRC). The development team has an operational base in the DRC, with the company corporate offices located in Vancouver, Canada.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Africo Resources Ltd.
Chris Theodoropoulos
Chairman
+1(604) 646-3225
or
Africo Resources Ltd.
Larry Okada
Chief Financial Officer
+1(604) 646-3225
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Africo Resources

EXPLORATION STAGE
CODE : ARL.TO
ISIN : CA0082911060
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Africo Res. is a copper and cobalt exploration company based in Canada.

Africo Res. holds various exploration projects in Congo Rep. of the.

Its main exploration properties are MPOROKOSO in Zambia and KALUKUNDI in Congo Rep. of the.

Africo Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 74.9 millions as of today (US$ 57.0 millions, € 51.4 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 4.75, and its lowest recent point on July 31, 2015 at CA$ 0.30.

Africo Res. has 71 313 127 shares outstanding.

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Annual reports of Africo Resources
2008 Annual Report
2007 Annual report
Financings of Africo Resources
7/25/2008completes CAD$100 million private placement with Camrose Res...
6/13/2008shareholders approve $100M private placement and associated ...
4/23/2008Announces CAD$100 million private placement to develop the K...
Nominations of Africo Resources
7/5/2011Changes to Africo's Board of Directors
12/30/2009Interim CFO and CEO Appointments
Project news of Africo Resources
6/23/2011(Kalukundi)Re-Commences Core Drilling Program on its Kalukundi Copper a...
8/4/2009(Kalukundi) intersects highest grade intersections to date at Kalukundi...
2/7/2008reports positive exploration results at Kalukundi
Corporate news of Africo Resources
5/13/2016Africo Resources Ltd. Enters into Definitive Agreement with ...
8/20/2015Africo Appoints Special Committee
6/27/2015Africo Resources reports results from Annual Meeting
6/26/2015Africo Resources Reports Results from Annual Meeting
10/16/2014Africo Resources Appoints a New Director
5/23/2013(Kalukundi)Resource Assessment NI 43-101 Technical Report Completed on ...
5/23/2013(Kalukundi)Resource Assessment NI 43-101 Technical Report Completed on ...
4/10/2013Revised Resource Assessment Delineates Sigificantly Improved...
9/28/2012(Kalukundi)Additional Drilling Results at Africo's Kalukundi Copper-Cob...
6/13/2011Retains MDM Engineering to Update Feasibility Study on a 1.2...
11/5/2009repurchases shares
3/9/2009Signs MOU for Power with SNEL in DRC
2/4/2009Reaches Agreement with G\351camines and the...
12/11/2008Wins Mines and Money Award
6/12/2008receives unsolicited conditional proposal from Creat Group C...
5/5/2008Reschedules Annual General Meeting until June 12, 2008
3/31/2008Update regarding DRC legal issues
2/20/2008 Update regarding the DRC mining review
11/28/2007Completes C$4.0 million equity financing with IFC
11/16/2007 Announces C$4.0 million IFC Private Equity Placement
10/25/2007Governor of Katanga supports Africo in Legal Issue
10/15/2007Africo Resources signs MOU with DRC Ministry of Social Affai...
9/6/2007Letter to shareholders
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