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African Energy Resources Ltd.
African Energy Resources Ltd.
Registriert in: Guernsey WKN: A0MM09 Rohstoffe:
Art: Originalaktie ISIN: AU000000AFR6 Kohle
Heimatbörse: Sydney/Melbourne Alternativ:
Währung: AUD    
Symbol: AFR.AX Forum:

African Metals Corp. Provides Update on Activities at Its Luisha South Projects, Katanga Provence, Democratic Republic of Congo

28.09.2010 | 0:31 Uhr | Marketwired

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/27/10 -- African Metals Corporation (TSX VENTURE: AFR)(FRANKFURT: OWW) ('AFR') is pleased to provide an exploration update on its on activities at its project in the Democratic Republic of the Congo.

Luisha South Soil Geochemical Sampling

Basanga Consulting Sprl, geological contractors, recently completed an infill soil sampling program on the Luisha South Project. A total of 340 samples were collected from a grid with a layout designed to delineate the copper in soil geochemical anomalies highlighted by the first round of reconnaissance sampling (refer AFR press release 16 September 2010).

Geochemical results based on Niton analysis of the samples collected from the infill program have been received. A review of the results lends further support to the interpretation of deep soil and laterite cover occurring to the south and southeast of the open pit masking the surface geochemical response of copper and cobalt mineralization.

The infill samples have defined two low order Cu anomalies occurring to the southeast of the Pit along the expected strike extension to mineralization. The anomaly closest to the Pit hosts a sample that returned 3,884 ppm Cu. The anomalies are interpreted as possibly reflecting shallower soil and laterite horizon development over mineralized stratigraphy.

Soil samples collected from lines extending south of the line of lode have delineated two strong geochemical copper anomalies near the break of slope of a northwest-southeast trending ridge line. The northern anomaly hosts consistent values above 300 ppm Cu over at least 400m.

Initial and infill soil samples that returned anomalous Niton Cu values will be sent to ALS Laboratories in Johannesburg for check analysis.

A program of follow-up reconnaissance RAB and RC drilling to test the sub-surface extent of the mineralization has been designed. The Company is now in negotiations with two drilling contractors to provide drilling services enabling the testing of the Luisha South geochemical anomalies. It is anticipated that a contract will be entered into within weeks and drilling commenced at the project within 2 weeks of signing the drilling contract.

AFR will be keeping the market updated on progress as and when results become available during this exciting phase of the development of the company.

To view accompanying map, click on the following link: http://media3.marketwire.com/docs/AFR927map.pdf

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.


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.

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 new release.


African Metals Corporation

Nigel Ferguson

President & CEO


+1-604-507-2187 (FAX)

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