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African Metals Corporation
("AFR") (TSX-V:AFR - News)(Frankfurt:OWW
- News) is pleased to provide
an update on exploration activities at its Luisha
South Project in the Democratic Republic of the Congo.
Summary
A total of 1538.73 metres
of diamond core drilling from 22 holes was completed at the Luisha South Project in January 2010. The holes targeted
down dip and southeast extensions of mineralization highlighted by the June
2010 RC drilling program. Ten angled and vertical holes were collared in the
base of the open pit whilst twelve holes were collared to the south and
southeast of the pit.
Luisha South Open Pit Diamond Drilling
Rubaco Sprl and DrillTek Sprl combined to
complete a 22 hole, 1538.73 metre drilling program
at the project. The drill holes are summarized in the table below.
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RC
Pre
Azim Dip Coll- Tail
Drill Hole (deg- (deg- ar (m) NQ Comm-
C'pany Number rees) rees) East North RL (m) (EOH) (m) ent
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Rubaco LURD001 36 -60 501826 8764111 1260 110 145.55 35.55 Tail
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Rubaco LURD005 36 -60 501782 8764142 1260 112 130.25 18.25 Tail
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Rubaco LURD017 126 -60 501891 8764159 1230 60 108 48 Tail
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Rubaco LURD018 360 -90 501887 8764161 1230 50 21 21 Aband'd
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Rubaco LUDH025 360 -90 501734 8764245 1232 - 100.35 100.35
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Rubaco LUDH026 36 -60 501895 8764157 1230 - 64.25 64.25
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Rubaco LUDH027 36 -60 501871 8764183 1230 - 52 52
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Rubaco LUDH028 360 -90 501808 8764222 1231 - 102.8 102.8
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Rubaco LUDH030 36 -60 501821 8764241 1232 - 27.7 27.7 Low
recov.
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Rubaco LUDH031 36 -60 501816 8764241 1232 - 35 35 Rpt
030
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Rubaco LUDH032 36 -60 501849 8764201 1230 - 48.2 48.2
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Rubaco LUDH033 360 -90 501884 8764165 1230 - 97.25 97.5 Rpt
018
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Rubaco LUDH034 36 -60 501949 8764108 1260 - 58.5 58.5
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DrillTek LURD002 36 -60 501889 8764089 1260 110 132 22 Tail
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DrillTek LURD003 36 -60 501927 8764078 1260 92 138 46 Tail
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DrillTek LURD004 36 -60 501970 8764048 1260 90 140.6 50.6 Tail
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DrillTek LURD006 36 -60 501866 8764058 1261 60 158.4 98.4 Tail
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DrillTek LURD007 36 -60 501902 8764042 1261 62 158 96 Tail
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DrillTek LURD008 36 -60 501943 8764011 1261 90 170.88 80.88 Tail
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DrillTek LURD012 36 -60 501739 8764167 1260 47 148 101 Tail
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DrillTek LURD023 360 -90 502407 8763817 1230 50 200.8 150.8 Tail
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DrillTek LUDH029 36 -60 502038 8763735 1267 - 184.2 184.2 Tail
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1538.73
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Table 1: Diamond Drill Information, Luisha South Project
The drill holes around the open pit
intersected consistent Chalcopyrite and Carrolite
mineralization. Chalcopyrite is a copper-iron sulphide
mineral that commonly weathers to form the high grade copper mineral
malachite. Carrolite is a cobalt sulphide mineral composed of approximately 40% cobalt and
20% copper in its chemical makeup, the remaining percentages going to iron, sulphur and minor nickel. Carrolite
weathers to produce the high grade cobalt mineral heterogenite.
Mineralization styles observed in the core include both syngenetic
(bedding parallel fine pyrite lenses and blebs replaced by Chalcopyrite and Carrolite) and epigenetic (fracture and vein hosted sulphides).
Geological logging of the drill core
continues, and core samples are expected to be dispatched to SGS Minerals
Laboratory in Kalulushi, Zambia in late January for
processing and analysis. Analytical and SG determination results are expected
to be available by early to mid-March, depending on processing delays at the
laboratory.
AFR plans to courier selected samples
from the RC and diamond drilling programs to suitable consulting groups in
South Africa for metallurgical test work. The upgraded geological
interpretation, assay and metallurgical results will be used to calculate a
revised estimate of the maiden resource, and initiate desktop mining studies.
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.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AFRICAN METALS CORPORATION
Nigel Ferguson, President & CEO
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.
To view Figure 1 please click on the
following link: http://media3.marketwire.com/docs/0121AFR.pdf
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.
Contact:
Contacts:
African Metals Corporation
Nigel Ferguson
President & CEO
604-507-2181
604-507-2187 (FAX)
info@africanmetals.com
www.africanmetals.com
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