African Metals Corporation: Positive RC Drilling Results From Testing of Reconnaisance Geochemical Copper-In-Soil Anomalies, Luisha Project, Katanga Province, Democratic Republic of Congo
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/10/11 -- African Metals Corporation ('AFR') (TSX VENTURE: AFR)(FRANKFURT: OWW) is pleased to provide an update on exploration activities at its Luisha South Project in the Democratic Republic of the Congo.
Summary
A total of 200 metres of scout Reverse Circulation (RC) drilling from four holes was completed at the Luisha South Project in October 2010. The holes targeted four copper-in-soil geochemical anomalies highlighted by a regional soil sampling program. Analytical results of the RC samples indicate that two of the holes have intersected significant levels of low grade copper mineralization associated with a northwest trending ridgeline:
44m at 0.20% copper, 0.03% cobalt (from 6m - LURC021)
50m at 0.30% copper, 0.08% cobalt (from 0m - LURC022)
Luisha South Project RC Drilling
Magnum Drilling Sprl completed a 200 metre reverse circulation (RC) drilling program at the Luisha South Project in October 2010. A total of four x 50m vertical scout holes (LURC021 to LURC024) were drilled to test copper in soil geochemical anomalies highlighted by regional soil sampling programs (Table 1, Figure 1).
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Total
Hole Azimuth Dip Depth
Number East North RL (degrees) (degrees) (metres)
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LURC021 502561 8763152 1295 360 -90 50
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LURC022 502060 8763483 1290 360 -90 50
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LURC023 502410 8763817 1273 360 -90 50
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LURC024 503619 8762928 1276 360 -90 50
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Table 1: Luisha South Geochem RC holes - Collar Information
To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/afr110.pdf
Drill holes LURC021 and LURC022 tested broad anomalies located well south of the pit at the break of slope of a northwest trending ridgeline. Both holes intersected maroon to red siltstone and fine grained sandstone. A dark grey to black sub-metallic mineral, possibly manganese, occurred in variable amounts in the upper portions of the holes. The mineralization is interpreted as being associated with this mineral, and samples have been dispatched for petrologic review. Malachite mineralization was not observed in the drill chips.
Drill holes LURC023 and LURC024 tested anomalies along strike to the southeast of the pit. LURC023 intersected malachite in the first metre, explaining the 0.39% copper in soil anomaly. The malachite possibly representing float fragments within the soil profile. Malachite was not observed in the remainder of the hole. Drill Hole LURC024 did not intersect malachite mineralization. Both LURC023 and LURC024 returned anomalous values of magnesium (an indicator mineral?) which requires further investigation.
Both LURC23 and LURC024 drilled through soil cover and onwards into sedimentary breccia, possibly of the Red RAT Formation. Minor sulphides were noted in the unit. Diamond tails are planned for both holes to test the model of the breccia overlying mineralized dolomitic units, as observed in LURC004 which intersected 8m of copper and cobalt mineralized sediments beneath the overlying Red Rat unit. Drill hole LURC004 was the south-eastern most hole completed in the June 2010 RC drilling program.
Significant length weighted intercepts are listed in the table below. The host formation for both LURC021 and LURC022 is interpreted as being Lower Kundelungu (Mwasha); the unit may represent a new target horizon for the project.
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Azi-
muth
(magn-
etic) Total
Dip (degr- Depth From Width Ag
BHID (degrees) ees) (metres) (metres) (metres) Cu % Co % ppm Mg % Zn %
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LURC021 -90 360 50 6 44 0.20 0.03 0.56 3.95 0.00
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LURC022 -90 360 50 0 50 0.30 0.08 3.45 0.86 0.11
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Inc. 38 12 0.52 0.09 7.62 1.62 0.16
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LURC023 -90 360 50 0 2.0 0.57 0.09 2.80 0.62 0.07
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16 34 0.02 0.01 0.26 10.61 0.01
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LURC024 -90 360 50 40 4 0.12 0.01 0.80 6.81 0.01
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Table 2: Luisha South Geochem RC holes - significant intercepts (LWA).
Samples were collected from all four RC holes at one metre intervals, and riffle split to produce approximately one kilogram sub-samples which were combined to produce a 2m composite for analysis. A total of 124 samples including QC controls were dispatched to ALS Laboratories in Johannesburg, South Africa, for sample processing and analysis. All samples were analyzed by method MEICP61 following sample prep and a 4 acid digest. The analytical results of the QC samples (standards, blanks, and field duplicates) were within acceptable limits.
Positive assay results from the RC program indicate that the southern soil anomalies warrant further investigation. AFR plans to conduct follow up drilling operations in 2011 after the end of the current wet season (March, April).
Nigel Ferguson, AusIMM, President and CEO of the Company and a qualified person under National Instrument 43-101, has verified data disclosed in this release.
ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION
Nigel Ferguson, President & CEO
This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
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Ag Co Cu Fe Mg Mn
BHID FM TO THICK SNO GEOLOGY ppm ppm ppm % % ppm
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LURC021 0 2 2 1419 SOIL -0.5 243 806 10.55 0.44 689
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LURC021 2 4 2 1420 SOIL 1.3 200 831 11.30 1.08 577
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LURC021 4 6 2 1421 SOIL 1.1 187 973 12.10 0.78 532
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LURC021 6 8 2 1422 SOIL 1.6 334 1160 11.85 0.75 957
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LURC021 8 10 2 1423 SOIL 1.4 232 1120 10.75 0.55 611
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LURC021 10 12 2 1424 SOIL 2 401 1480 10.25 1.14 1245
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LURC021 12 14 2 1425 SOIL 0.7 221 1740 10.15 4.03 704
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LURC021 14 16 2 1426 SOIL -0.5 187 1260 10.65 5.51 759
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LURC021 16 18 2 1427 SOIL -0.5 235 923 10.85 1.06 887
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LURC021 18 20 2 1428 SOIL -0.5 218 2080 11.20 2.95 598
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LURC021 20 22 2 1429 SOIL -0.5 226 2720 13.30 0.83 734
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LURC021 22 24 2 1430 SOIL -0.5 200 1740 12.70 0.73 556
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LURC021 24 26 2 1431 SOIL -0.5 172 2730 10.75 2.65 411
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LURC021 26 28 2 1432 SOIL 0.6 222 2690 10.15 3.16 430
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LURC021 28 30 2 1433 SH & SST 1.2 229 2680 9.62 3.69 391
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LURC021 30 32 2 1435 SH & SST 0.8 266 3380 9.75 4.53 720
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LURC021 32 34 2 1437 SH & SST -0.5 243 2970 11.20 5.19 533
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LURC021 34 36 2 1439 SH & SST -0.5 281 2040 11.70 6.26 754
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LURC021 36 38 2 1441 SH & SST -0.5 206 767 10.55 5.87 460
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LURC021 38 40 2 1442 SH & SST -0.5 374 975 9.78 4.86 1110
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LURC021 40 42 2 1443 SH & SST -0.5 353 1380 7.78 4.50 1255
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LURC021 42 44 2 1444 SH & SST -0.5 296 1010 9.64 5.53 823
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LURC021 44 46 2 1445 SH & SST -0.5 484 1650 11.45 5.81 1385
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LURC021 46 48 2 1446 SH & SST 0.5 821 3790 7.05 8.19 3890
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LURC021 48 50 2 1448 SH & SST -0.5 323 2940 4.10 9.06 1860
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EOH
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Ag Co Cu Fe Mg Mn
BHID FM TO THICK SNO GEOLOGY ppm ppm ppm % % ppm
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LURC022 0 2 2 1449 SH & SST -0.5 425 1610 11.55 0.65 1715
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LURC022 2 4 2 1450 SH & SST 2.4 265 1040 5.06 0.62 1030
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LURC022 4 6 2 1451 SH & SLT 1.6 633 2970 12.70 0.48 2800
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LURC022 6 8 2 1452 SH & SLT 1.6 429 1270 9.05 0.61 1370
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LURC022 8 10 2 1454 SH & SLT 2.4 1070 1340 7.89 0.58 3400
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LURC022 10 12 2 1455 SH 3.7 895 2110 12.45 0.57 4100
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LURC022 12 14 2 1457 SH 2.5 342 1330 8.72 0.61 883
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LURC022 14 16 2 1459 SH 2.3 114 937 6.73 0.47 228
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LURC022 16 18 2 1460 SH 5.1 742 2780 20.20 0.34 1955
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LURC022 18 20 2 1461 SH & SST 1.7 725 1940 13.20 0.33 3280
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LURC022 20 22 2 1462 SH & SST 1.2 818 1730 11.10 0.30 4070
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LURC022 22 24 2 1464 SH & SST 1.2 378 1490 12.95 0.47 3130
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LURC022 24 26 2 1465 SH & SST 1.1 684 2750 10.40 0.40 3600
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LURC022 26 28 2 1466 SH & SST 1.7 1620 3460 9.93 0.36 7800
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LURC022 28 30 2 1467 SH & SST 2.6 1300 3920 15.00 0.18 9380
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LURC022 30 32 2 1469 SH & SST 2.7 1530 3860 12.40 0.33 9520
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LURC022 32 34 2 1470 SH & SLT 2.2 918 3640 11.70 0.66 5300
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LURC022 34 36 2 1471 SH & SLT 2.6 923 3130 11.50 1.45 5320
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LURC022 36 38 2 1472 SH & SLT 1.6 574 1630 9.61 2.30 3350
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LURC022 38 40 2 1474 SH & SLT 2.3 634 3770 11.95 1.62 4010
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LURC022 40 42 2 1475 SH & SLT 5.3 1350 6820 12.35 1.97 8460
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LURC022 42 44 2 1476 SH & SLT 13.4 1950 9730 13.60 1.83 10700
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LURC022 44 46 2 1477 SH & SLT 7.8 721 4950 8.92 1.42 5150
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LURC022 46 48 2 1479 SH & SLT 9.8 639 4110 7.27 0.95 6310
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LURC022 48 50 2 1480 SH & SLT 7.1 310 1840 7.51 1.91 4040
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EOH
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Ag Co Cu Fe Mg Mn
BHID FM TO THICK SNO GEOLOGY ppm ppm ppm % % ppm
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LURC023 0 2 2 1481 SOIL 2.8 914 5660 8.08 0.62 3530
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LURC023 2 4 2 1482 SOIL 0.25 107 516 7.35 0.23 707
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LURC023 4 6 2 1483 SOIL 0.6 107 636 10.45 0.26 885
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LURC023 6 8 2 1484 SOIL 0.25 109 599 12.30 0.27 615
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LURC023 8 10 2 1485 SOIL 0.25 63 567 9.20 0.23 492
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LURC023 10 12 2 1486 SOIL 0.25 265 441 4.54 0.16 1560
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LURC023 12 14 2 1487 SOIL 0.25 585 547 3.92 0.27 3630
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LURC023 14 16 2 1488 SOIL 0.8 178 400 4.61 2.29 1960
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LURC023 16 18 2 1489 SBX 0.25 104 318 6.58 7.78 1650
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LURC023 18 20 2 1491 SBX 0.25 50 329 6.09 9.82 1150
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LURC023 20 22 2 1492 SBX 0.25 50 320 5.82 11.20 856
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LURC023 22 24 2 1494 SBX 0.25 43 288 5.66 10.50 618
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LURC023 24 26 2 1495 SBX 0.25 39 283 5.55 11 648
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LURC023 26 28 2 1497 SBX 0.5 33 212 5.58 11.1 621
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LURC023 28 30 2 1499 SBX 0.25 30 48 4.92 11.05 494
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LURC023 30 32 2 1500 SBX 0.25 28 39 5.06 10.85 442
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LURC023 32 34 2 1501 SBX 0.25 24 16 5.2 11.3 483
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LURC023 34 36 2 1502 SBX 0.25 26 13 4.93 11.45 687
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LURC023 36 38 2 1504 SBX 0.25 47 370 5.09 10.45 1330
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LURC023 38 40 2 1505 SBX 0.25 65 254 3.05 10.2 1505
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LURC023 40 42 2 1506 SBX 0.25 70 164 1.85 11.55 1355
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LURC023 42 44 2 1507 SBX 0.25 39 100 2.7 9.69 665
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LURC023 44 46 2 1509 SBX 0.25 68 211 2.07 10.75 1530
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LURC023 46 48 2 1510 SBX 0.25 88 393 2.14 11.3 1800
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LURC023 48 50 2 1511 SBX 0.25 77 869 2.37 10.4 1820
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EOH
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Ag Co Cu Fe Mg Mn
BHID FM TO THICK SNO GEOLOGY ppm ppm ppm % % ppm
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LURC024 0 2 2 1512 SOIL & SLT 0.25 43 387 8.6 0.36 262
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LURC024 2 4 2 1513 SOIL & SLT 0.25 36 336 8.13 0.31 225
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LURC024 4 6 2 1515 SOIL & SLT 0.25 22 327 8.05 0.28 268
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LURC024 6 8 2 1516 SOIL & SLT 0.25 20 306 8.02 0.27 277
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LURC024 8 10 2 1518 SOIL & SLT 0.25 19 313 7.92 0.27 276
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LURC024 10 12 2 1519 SOIL & SLT 0.25 20 281 7.55 0.27 271
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LURC024 12 14 2 1520 SOIL & SLT 0.25 27 277 8.2 0.28 261
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LURC024 14 16 2 1521 SOIL & SLT 0.25 19 233 12.85 0.24 327
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LURC024 16 18 2 1522 SOIL & SLT 0.25 33 271 9.35 0.22 298
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LURC024 18 20 2 1523 SOIL & SLT 1.8 86 566 10.1 0.22 4130
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LURC024 20 22 2 1524 SOIL & SLT 0.8 208 384 6.79 0.22 3690
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LURC024 22 24 2 1525 SBX 0.25 334 445 6.61 2.62 5420
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LURC024 24 26 2 1527 SBX 0.5 97 302 5.28 5.96 3300
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LURC024 26 28 2 1528 SBX 0.6 122 467 4.5 5.26 3410
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LURC024 28 30 2 1529 SBX 3.2 780 3670 14.2 1.18 19350
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LURC024 30 32 2 1531 SBX 1.2 199 759 5.93 5.77 4970
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LURC024 32 34 2 1532 SBX 0.5 117 415 3.67 7.28 2270
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LURC024 34 36 2 1533 SBX 0.8 116 643 4.48 7.33 3380
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LURC024 36 38 2 1535 SBX 0.5 99 694 3.89 6.82 2620
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LURC024 38 40 2 1536 SBX 0.25 83 547 3.25 7.31 2100
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LURC024 40 42 2 1538 SBX 0.7 124 1300 4.79 6.39 3850
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LURC024 42 44 2 1539 SBX 0.9 100 1120 4.34 7.23 3530
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LURC024 44 46 2 1540 SBX 0.6 86 669 3.88 6.88 1970
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LURC024 46 48 2 1541 SBX 0.6 73 454 3.38 7.62 1280
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LURC024 48 50 2 1542 SBX 0.9 89 615 3.72 8.48 1605
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EOH
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Contacts:
African Metals Corporation
Nigel Ferguson
President & CEO
1-604-507-2181
1-604-507-2187 (FAX)
info@africanmetals.com
www.africanmetals.com