Sydney - Wednesday - August 29: (RWE Australian Business News) -...

Sydney - Wednesday - August 29: (RWE Australian Business News) -
Zambezi Resources Limited (ASX:ZRL) reports the discovery of three new
mineralised prospects from its exploration pipeline in Zambia.
At the Mwapula prospect from the polymetallic Mulofwe Dome
project area, rock chip sampling and mapping has outlined an area of
highly anomalous copper-lead mineralisation, including 11.93% copper,
31.50% lead and 212.4 g/t silver, and 1.55% copper, 8.33% lead and 115.8
g/t silver. The mineralisation occurs in quartz veins up to 1.5m in
width, associated with malachite, galena, chalcocite and pyrite. The
mineralised zone occurs within a 600m wide quartz-veined sheared
corridor comprising predominantly quartzo-feldspathic schists and
gneisses. The corridor trends north-west, and has been has been defined
by mapping over a strike length of 2.4km to date. 97 rock chip samples
have been collected from the area, with results received for 28 samples
only to date.
At the Iron Cap South prospect from the Mulungushi project area,
rock chip sampling and mapping has outlined an area of anomalous
copper-silver mineralisation including 1.58% copper and 12.0 g/t silver,
and 0.95% copper and 6.6 g/t silver. The mineralisation is associated
with a malachite-rich outcrop occurring within chlorite sericite schist,
amongst a sequence of quartzites, schists and gneisses. Further assay
results are awaited.
At the Kamona prospect, also from the Mulungushi project area,
rock chip sampling, soil sampling and mapping has outlined an area of
anomalous copper-gold mineralisation, including 1.02% copper, 3.86 g/t
gold and 21.4 g/t silver, and 3.26 g/t gold. At Kamona, a number of old
prospecting pits, shafts and trenches are developed along two sub
parallel quartz veins that occur about 50m apart and contain malachite,
pyrite and subordinate amounts of chalcopyrite and bornite. The workings
are confined to an 800m wide corridor of sericite-chlorite schists
trending northwest over a strike length of 2.3km, and occur in a zone
separating a granite mass to the north from metasediments to the south.
Gold in soil geochemical anomalies have further extended this zone for
another 2.7km to the southeast. Further rock chip and soil assay results
are awaited.