Results from Monwezi 2 target confirm the near-term potential to define additional resources within economic haulage distance from Nzuri’s flagship Kalongwe Copper-Cobalt Project.
The shallow copper enrichment also indicates open pit mining potential.
20.2 metres grading 1.85% copper
Recent drilling has returned the best intersection returned to date from this area with a thick zone of 20.2 metres grading 1.85% copper from 47 metres.
This included a high-grade zone of 7.5 metres at 2.39% copper with best 1-metre samples of up to 7.7% copper also returned.
High-grade cobalt intersections
Nzuri also received new high-grade cobalt intersections from the first diamond drill hole at the Monwezi 7 target.
These included 3 metres at 0.11% cobalt from 34 metres, 2 metres at 0.23% from 62 metres, 8 metres at 0.2% from 71 metres and 8.6 metres at 0.17% from 103 metres.
The Monwezi Target Area is between 2 and 5 kilometres directly along strike from Kalongwe, which is in the Western Katangan Copperbelt.
The Fold & Thrust Belt Joint Venture is near Nzuri’s Kalongwe project.
Drilling and trenching have confirmed that the mineralisation at Monwezi 2 starts from close to surface and extends over a strike length of circa 300 metres to a vertical depth of at least 150 metres.
Systematic drilling planned
A systematic drilling program is planned at Monwezi 2 as part of Nzuri’s 2018 exploration program.
This will initially include four step-out holes along strike leading to a resource drill-out and mineral resource estimation.
A series of trenches are being excavated to provide geological control ahead of the diamond drilling.
Joint venture with Ivanhoe
The project lies to the south of Ivanhoe’s world-class DRC projects.