Worth reading the extract on exploration from the Kinsevere project (see also announcement of the 30 Nov 2005). The risks are still there in this part of the world but these results just sends shivers up my spine. Look forward to hearing Bill's plans for developing this one.
Kinsevere Project (Lubumbashi Region) During the quarter, the Company announced an initial resource estimate to a vertical depth of 100 metres of 348,000 tonnes of contained copper for the Kinsevere project (which includes the Kinsevere, Tshifufia and Tshifufiamashi deposits), following a drilling program comprising 5,675 metres of reverse circulation (RC) drilling (84 drill holes) and 2,213 metres of diamond drilling (14 drill holes) that had been carried out by Anvil and MCK during 2005. The results of this drilling program, which exceeded expectations, were announced in the News Release issued by the Company on November 30, 2005. During this program, a deep diamond drill hole drilled under the Tshifufia Central deposit intersected 85 metres at an average grade of 9.5% copper and 0.4% cobalt in the oxide zone (commencing 32 metres downhole), immediately followed by an intersection of 64 metres at an average grade of 3.3% copper and 0.4% cobalt in the underlying sulphide zone, followed immediately below by an intersection of 208 metres at an average grade of 3.2% copper and 0.14% cobalt (see cross section in above mentioned News Release). The Nambulwa prospect, located 30 kilometres to the north of Kinsevere is yet to be drilled. A Technical Report for the Kinsevere Project was produced according to Canadian National Instrument 43-101 and filed on SEDAR in December 2005.
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
