Market somehow seems to react bit quicker than i expected. two days volume accumulated nearly 100 mil shares. Pump to a high of $0.026 then back down to low $.02. Very interesting!
Mining Licence Application for Kangaluwi Copper Project ann "The Mining Licence Application was submitted on 8th December 2010 at the Registry of Mining Rights in Lusaka, and in terms of the Mines and Minerals Development Act, Zambezi can expect a response within 60 days of this submission"
Estimated mineral resource of 21.8 Mt grading 0.89% Cu, for 193,000 t contained copper. The grade may look bit less attractive to its peer but at least the resoucres is defined and tht only represents 25% along the 28 km strike. Looking foward for the ann on the mining license and hopefully more resources upgrade next quarter or so.
I'm happy get caught out on this one (but not miss out) as i'm churning AVB profit here.
Cheers and Happy Trading.
ZRL Price at posting:
2.2¢ Sentiment: Hold Disclosure: Held
