A-Cap Resources Limited (ACB) is an exploration and mining company with operations in Botswana, China and Australia. ACB is focused on the exploration of precious and base metals and joint venture in exploration opportunity. ACB has been listed on the NSX since March 2004.
BOTSWANA: The Jim's Luck gold prospects comprises PL18/2004. A-Cap holds a 20% interest which is surrounded by tenements wholly owned by Gallery Gold. A-Cap has budgeted $200,000 in expenditure for the project and maintain its 20% interest.
The Maibele North Nickel Prospect where further drilling is required to prove the continuity of the resource. The Magogaphate tenements within the area is prospective for gold, copper-gold, zin- lead gold and nickel-copper gold targets.
The Mokobaesi prospect is located 8 km N of Serule village and 5 km W of Gaborone-Francistown road, prospective of uranium. Further exploration is required to evaluate deposit.
Dibeki prospect contains intersections for copper including 3.9% Cu over 2.44 metres and 4.3% Cu over 1.83 metres. Recent trenching has shown the presence of visible oxidised copper mineralization (malachite) in one trench.
PEOPLE'S REPUBLIC OF CHINA: ACB has entered into a co-operation contract with the Gansu Government's commercial arm, Gansu Qinqi Minerals Company Ltd relating to tenements in the Hei Hua Tan region situated 27km east of the town of Dang Chang in southern Gansu, prospective for gold.
ACB has acquired a Ma Yuan North permit for gold and other minerals in Gansu province in China, covering 43 sq km with known gold mineralisation. Application has been made for additional permits believed to be prospective for gold.
AUSTRALIA: The Hodgkinson Basin Projects are located 120 km NW of Cairns, prospective of gold. Projects comprise of Reedys EPM 9937 with one of five gold bearing basins sampling 700,000 tonnes @ 1.65g/t gold at a depth of 40m; Campbell Creek, limited drilling resulted in 19m @ 2.14 g/t gold; Hurricane South. ACB sale of the Australian tenements in the Hodgkinson Basin in Queensland for shares in Republic Gold Ltd, since sold, with the Company retaining a 4% carried interest.
ACB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held