Highlights
The Mumbwa licence area contains a large iron oxide copper-gold mineralisation system with anomalous uranium providing confidence in the Olympic Dam exploration model.
Joint Venture with BHP Billiton, with AIM Resources earning a 70% interest.
The Kitumba region of Mumbwa is the most advanced, where BHP Billiton drilling in the mid-late 1990s intercepted significant mineralisation in eight of nine holes drilled.
A total of 23 exploration targets were identified by a FalconTM geophysical survey.
A major drilling program is being undertaken over the second half of 2006. The planned program is for 5,500m in eleven drillholes.
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SHOULDTHIS BE 2008
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- do they mean 2008 and not 2006
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HighlightsThe Mumbwa licence area contains a large iron oxide...
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