Cape Lambert Resources Ltd.: Mapping works commenced at Kasombo Copper-Cobalt Project in DRC
(firmenpresse) -
Mapping works commenced at Kasombo Copper-Cobalt Project in DRC
Mapping works undertaken at the Kasombo Project in DRC
Additional style of mineralisation identified which has potential to significantly increase deposit size
Assays received on sampling of from mineralized horizons and breccias
High grade assays of 6.99% and 1.57% cobalt reported from Kasombo 7
Drilling tender completed and to commence this week
Fe Limited (Company) (ASX: FEL) is pleased to advise that it has recently undertaken geological mapping and sampling works at the Kasombo Copper-Cobalt Project (Kasombo Project) and will commence a preliminary drill program on 13 December 2017.
At the Companys AGM on the 3 November 2017 shareholders approved the acquisition of the Kasombo Project from Cape Lambert Resources Limited (ASX: CFE)(Cape Lambert). Cape Lambert are a major shareholder of FEL currently holding 44.66% of issued capital.
The Kasombo Project comprises three mineralized areas of approximately 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses PE 481 and PE 4886 and situated approximately 25km from the DRCs second largest city, Lubumbashi, in the Katanga Copper Belt (KCB).
Mapping works at the Kasombo Project was conducted from 2 November to 11 November 2017 and was initially focused on Kasombo 6 and 7. Further mapping of Kasombo 5 is ongoing.
A report on the mapping works is complete and a small preliminary RC drill program has been designed.
During the mapping works, the Company also investigated other areas within the vicinity of the Kasombo Project, to determine the potential for expanding the area of the Kasombo Project.
Other mineralized areas in proximity to the mapped areas was identified and the Company will engage with La Generale des Carrieres et des Mines (Gecamines), the holder of the licences, to determine whether these areas can be incorporated in to the Kasombo Project.
The mapping showed two styles of mineralization: the first conforming to mineralization typical of deposits of the KCB; the second showing cross-cutting breccia style, providing potential to significantly increase deposit size.
In addition, the Company collected twenty samples during the mapping program, predominantly from Kasombo 7.
The samples were sent to ALS Laboratories for assaying in Lubumbashi and South Africa.
The Company has now received the assays from the samples analyzed by ALS Laboratories which have returned high grade cobalt assays, with the highest grade assays being 6.99% cobalt (sample A2914) and 1.57% cobalt (sample A2916).
Selected elements from the full assay suite of the entire sample set is shown in Table 1.
The Company is also pleased to confirm that it has completed a drilling tender and has engaged local drilling company Rubaco Sarl to commence a small preliminary RC drilling program at the known mineralized areas to make an early determination of the depth and grades within the oxidized zones.
The drilling is scheduled to commence on 13 December 2017 and be completed before the end of the year.
Commenting on the commencement of the exploration works, Chairman Tony Sage said, I am pleased to see that exploration works are now progressing at Kasombo and I am confident that the preliminary drill program will begin to reveal the full potential of the Kasombo area.
Yours faithfully
FE LIMITED
Tony Sage
Non-Executive Chairman
Highlights:
Australian Securities Exchange Code: FEL
Ordinary Shares:
328,169,629
Unlisted Options:
9,375,000
Board of Directors:
Tony Sage
Non-Executive Chairman
Kenneth Keogh
Non-Executive Director
Nicholas Sage
Non-Executive Director
Contact:
www.felimited.com.au
32 Harrogate St, West Leederville
Western Australia 6007 Australia
Telephone +61 8 6181 9793
Email info(at)felimited.com.au
Fe Limited is an Australian domiciled mineral resources exploration and development company.
Fe Limited
ABN: 31 112 731 638
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Location of Kasombo Project and nearby Kipushi Processing Plant
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Kasombo Location Map
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Kasombo 7 Artisinal mining of cross-cutting breccia style mineralization; red lines outline breccia margin
Competent Person Statement
The information in this report is compiled and collected by Mr Jess Oram, Exploration Manager of Cauldron Energy who is a Member of the Australasian Institute of Geoscientists. Oram has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration, Results, Mineral Resource and Ore Reserves (JORC Code 2012). Oram consents to the inclusion in the report of the matters based on this information in the form and context in which it appears
Table 1; Kasombo Project - sample location and assay
AREALOCATION PREFERRED ASSAY ME-MSME-MSME-MS
61 61 61
ProsEastNorthDatumSamplCu_pCu_meCo_pCo_meFe_% Mn_ppPb_pp
pecting ing eID pm th pm th m m
KAS_533987102wgs84A2901366 ME-MS4220ME-MS1.54 3150 6.9
7 70 14 _z35 61 61
KAS_533987102wgs84A2902463 ME-MS3570ME-MS4.26 2480 14.9
7 70 23 _z35 61 61
KAS_533987102wgs84A2903318 ME-MS3020ME-MS2.43 1120 12.7
7 90 40 _z35 61 61
KAS_533987102wgs84A2904371 ME-MS8430ME-MS7.83 1880 5.4
7 90 40 _z35 61 61
KAS_534087102wgs84A2905590 ME-MS2030ME-MS4.08 4040 7.9
7 12 33 _z35 61 61
KAS_533987102wgs84A2906812 ME-MS8760ME-MS48.1 5140 46
7 94 60 _z35 61 61
KAS_534087102wgs84A2907241 ME-MS608 ME-MS3.84 944 4.5
7 65 27 _z35 61 61
KAS_534087102wgs84A29082210ME-MS7750ME-MS7.4 1880015.9
7 73 30 _z35 61 61
KAS_533987102wgs84A2909256 ME-MS1250ME-MS2.66 1920 5.2
7 97 12 _z35 61 61
KAS_534087102wgs84A2910855 ME-MS3600ME-MS8.04 5190 14.1
7 10 23 _z35 61 61
KAS_534087102wgs84A2911406 ME-MS2610ME-MS5.19 4650 2.7
7 22 44 _z35 61 61
KAS_533987102wgs84A29121010ME-MS6960ME-MS6.53 5930 7.7
7 94 73 _z35 61 61
KAS_533987102wgs84A2913925 ME-MS7120ME-MS6.69 6670 7.4
7 91 69 _z35 61 61
KAS_533987102wgs84A29145140ME-MS6990OG62 13.752230021.2
7 72 23 _z35 61 0
KAS_533987102wgs84A29151110ME-MS5650ME-MS2.85 1500014.3
7 80 04 _z35 61 61
KAS_533987102wgs84A2916965 ME-MS1565OG62 5.93 5620 10.7
7 73 18 _z35 61 0
KAS_533687097wgs84A291783.9ME-MS110.ME-MS1.71 329 15.6
8-9 47 74 _z35 61 5 61
KAS_533687097wgs84A291864.6ME-MS101.ME-MS0.98 173 4.7
8-9 14 72 _z35 61 5 61
KAS_533887096wgs84A2919103.ME-MS197 ME-MS1.44 925 2.5
8-9 35 48 _z35 5 61 61
KAS_532887094wgs84A2920644 ME-MS17 ME-MS1.73 59 6.9
6 71 20 _z35 61 61
KEY: KAS_7 is Kasombo 7 prospect, KAS_8-9 is area near Kasombo8 and Kasombo 9 prospects; KAS_^ is Kasombo 6 prospect; 10,000 ppm is 1%; ALS analysis using a three acid digest with ICP-MS and ICP-AES finish is ME-MS61; ALS method OG62 is over-range grade re-assay of ME-MS62.
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JORC Code, 2012 Edition - Table 1 Kasombo Mapping and Sampling
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling · Nature and quality of sampling (eg cut · Samples were collected from
techniqu channels, random chips, or specific breccia and mineralized units
es identified from mapping and visual
specialised industry standard inspection.
measurement tools appropriate to the
minerals under investigation, such as · Samples are selective across the
down observed
hole gamma sondes, or handheld XRF mineralised zone
instruments, · The sampling is appropriate to
gauge the levels of
etc). These examples should not be taken
as limiting the broad meaning of mineralisation possible, and will
sampling. be used to
· Include reference to measures taken to prioritise drill targeting of
ensure sample potential mineralized
zones
representivity and the appropriate
calibration of any measurement tools or · Sampling guided by visual
systems identification of
used. both:
· Aspects of the determination of mineralo strata conformable Cu-Co style min
isation eralisation
that are Material to the Public Report. typical of the Katangan copperbelt
· In cases where industry standard o breccia-style strata
work has been done this would be cross-cutting
relatively simple
( mineralisation
eg reverse circulation drilling was · Detailed structural and
used to obtain 1 m samples from which 3 stratigraphic mapping at 1:1000
kg was scale was completed; taking note
of
pulverised to produce a 30 g charge for
fire assay). In other cases more Katangan Sequence stratigraphy of
explanation may be required, such as the Lowe Roan
where there is coarse gold that has
inherent sampling problems. Unusual Supergroup and bedding orientations
commodities or · Sampling selection completed on
the basis of
mineralisation types (eg submarine mapping
nodules) may warrant disclosure of
detailed
information.
Drilling · Drill type (eg core, reverse · No drilling conducted.
techniqu circulation, open-hole hammer, rotary
es air blast, auger, Bangka, sonic,
etc) and details (eg core diameter,
triple or standard tube, depth of
diamond tails, face-sampling bit or
other type, whether core is oriented
and if so, by what method,
etc).
Drill · Method of recording and assessing core · No drilling conducted.
sample and chip sample recoveries and results
recovery assessed.
· Measures taken to maximise sample
recovery and ensure representative
nature of the
samples.
· Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
Logging · Whether core and chip samples have · No drilling conducted.
been geologically and
geotechnically logged to a level of
detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical
studies.
· Whether logging is qualitative or
quantitative in nature. Core (or
costean, channel, etc) photography.
· The total length and percentage of the
relevant intersections
logged.
Sub-sampl· If core, whether cut or sawn and · No sub-sampling of material was
ing whether quarter, half or all core undertaken subsequent to initial
techniqu taken. sample
es and
sample · If non-core, whether riffled, tube
preparat sampled, rotary split,
ion
etc and whether sampled wet or dry.
· For all sample types, the nature,
quality and appropriateness of the
sample preparation
technique.
· Quality control procedures adopted for
all sub-sampling stages to
maximise representivity of samples.
· Measures taken to ensure that the
sampling is representative of the in
situ material collected, including for
instance results for field
duplicate/second-half
sampling.
· Whether sample sizes are appropriate
to the grain size of the material being
sampled.
Quality · The nature, quality and · Samples were prepared and analysed
of appropriateness of the assaying and by ALS; with samples crushed and
assay laboratory procedures used and whether
data the technique is considered partial or pulverised in ALS Lubumbashi, DRC
and total. laboratory, and ICP-AES or ICP-MS
laborato finish in ALS Johannesburg
ry · For geophysical tools, spectrometers, laboratory.
tests handheld XRF instruments,
· Preparation: crush and pulverise s
etc, the parameters used in determining o that 80% of sample pass minus 80
the analysis including instrument make micron
and model, reading times, calibrations
factors applied and their derivation, · ALS method ME-MS61, having a low
etc. lower level of
detection
· Nature of quality control procedures
adopted · Over-range assay re-analysed by
( ALS ore grade method
eg standards, blanks, duplicates, OG-62
external laboratory checks) and whether
acceptable levels of accuracy · Digest: four acid digest on a
( 0.25g
ie lack of bias) and precision have been charge
established.
· Element Suite (with lower level
of detection in brackets in ppm):
Ag(0.01), Al(100), As(0.2),
Ba(10), Be(0.05), Bi(0.01),
Ca(100), Cd(0.02), Ce(0.01),
Co(0.1), Cr(1), Cs(0.05), Cu(0.2),
Fe(100), Ga(0,05), Ge(0,05),
Hf(0.1), In(0.005), K(100),
La(0.5), Li(0.2), Mg(100),
Mn(5), Mo(0.05), Na(100), Nb(0.1),
Ni(0.2), P(10),
Pb(0.5), Rb(0.1), Re(0.002),
S(100), Sb(0.05),
Sc(0.1), Se(1), Sn(0.2), Sr(0.2),
Ta(0.05),
Te(0.05), Th(0.2), Ti(0.005),
Tl(0.02), U(0.1), V(1), W(0.1),
Y(0.1), Zn(2),
Zr(0.5)
Verificat· The verification of significant · No verification work has been
ion of intersections by either independent or conducted.
sampling alternative company
and personnel.
assaying
· The use of twinned holes.
· Documentation of primary data, data
entry procedures, data verification,
data storage (physical and electronic)
protocols.
· Discuss any adjustment to assay data.
Location · Accuracy and quality of surveys used · Samples were located with
of data to locate drill holes (collar and handheld
points down-hole surveys), trenches, mine GPS
workings and other locations used in , having an accuracy of plus or
minus 10
Mineral Resource estimation. m.
· Specification of the grid system used.
· Quality and adequacy of topographic
control.
Data · Data spacing for reporting of · Samples were taken wherever minera
spacing Exploration lisation
and Results. was observed, in a random
distribu distribution, but governed by the
tion · Whether the data spacing and presence of observable
distribution is sufficient to establish mineralization in a pattern
the degree of geological and grade governed by the
continuity appropriate for the Mineral
Resource and Ore Reserve estimation mineralising system
procedure(s) and classifications · The data is not suitable for
applied. Mineral Resource
estimation.
· Whether sample compositing has been
applied.
Orientati· Whether the orientation of sampling · Samples are selective based on
on of achieves unbiased sampling of possible exposure of
data in structures and the extent to which this
relation is known, considering the deposit mineralisation
to type.
geologic
al · If the relationship between the
structur drilling orientation and the
e orientation of key
mineralised structures is considered to
have introduced a sampling bias, this
should be assessed and reported if
material.
Sample · The measures taken to ensure sample · Not applicable.
security security.
Audits · The results of any audits or reviews · Samples temporarily stored then
or of sampling techniques and transported to ALS Lubumbashi by
reviews data. consulting group engaged by FE
Limited
.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral · Type, reference name/number, location · The licence is held by state
tenement and ownership including agreements or owned company
and land material issues with third parties such
tenure as joint ventures, partnerships, Gecamines and is the subject of a
status overriding royalties, native title rights agreement between
interests, historical sites, wilderness
or national park and environmental Gecamines and Paragon SARL. Paragon
settings. has a joint venture with Cape
Lambert Resources and Cape Lambert
· The security of the tenure held at the Resources has entered in to an
time of reporting along with any known agreement with Fe Limited to
impediments to obtaining a assign its rights to the
licence to operate in the area. Kasombo Project to Fe Limited.
Exploratio· Acknowledgment and appraisal of · Gecamines mapping completed in
n done by exploration by other 1990s.
other parties.
parties ·
Geology · Deposit type, geological setting and · Cu-Co mineralisation of the Katang
style of an
style; where stratabound mineralisa
mineralisation. tion
is located in the Lower Roan Superg
roup
· Breccia style cross-cutting Cu-Co
mineralisation
in vertically dipping structures
Drill · A summary of all information material · The dataset has no drilling.
hole to the understanding of the exploration
Informati results including a tabulation of the
on following information for all Material
drill
holes:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level -
elevation above sea level in
metres) of the drill hole collar
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
· If the exclusion of this information
is justified on the basis that the
information is not Material and this
exclusion does not detract from the
understanding of the report, the
Competent Person should clearly explain
why this is the
case.
Data · In reporting Exploration Results, · No aggregation of results, assay
aggregati weighting averaging techniques, maximum data as reported by ALS is
on and/or minimum grade truncations presented for each sample
methods ( location.
eg cutting of high grades) and cut-off
grades are usually Material and should
be
stated.
· Where aggregate intercepts incorporate
short lengths of high grade results and
longer lengths of low grade results,
the procedure used for such aggregation
should be stated and some typical
examples of such aggregations
should be shown in detail.
· The assumptions used for any reporting
of metal equivalent values should be
clearly
stated.
Relationsh· These relationships are particularly · No mineralisation width is
ip important in the reporting of presented in these data.
between Exploration
Results.
mineralisa
tion · If the geometry of the mineralisation w
widths ith respect to the drill
and
intercepthole angle is known, its nature should
lengths be
reported.
· If it is not known and only the down
hole lengths are reported, there should
be a clear statement to this effect
(
eg down hole length, true width not
known).
Diagrams · Appropriate maps and sections (with · Presented in the body of the
scales) and tabulations of intercepts report
should be included for any significant
discovery being reported These should
include, but not be limited to a plan
view of drill hole collar locations and
appropriate sectional
views.
Balanced · Where comprehensive reporting of all · The sampling data is selective
reporting Exploration Results is not practicable, and does not infer size of
representative reporting of both low mineralization; it does have some
and high grades and/or widths should be relationship to possible tenor of
practiced to avoid misleading reporting grade.
of Exploration
Results.
Other · Other exploration data, if meaningful · Mapping work of Kasombo 5, 6 and
substanti and material, should be reported 7 is currently being
ve including (but not limited to): undertaken.
explorati geological observations; geophysical
on survey results; geochemical survey
data results; bulk samples - size and method
of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.
Further · The nature and scale of planned · 600 m of preliminary RC drilling i
work further work s currently in planning based on
( the results of the mapping and
eg tests for lateral extensions or depth sampling.
extensions or large-scale step-out
drilling).
· Diagrams clearly highlighting the
areas of possible extensions, including
the main geological interpretations and
future drilling areas, provided this
information is not commercially
sensitive.
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Datum: 12.12.2017 - 13:30 Uhr
Sprache: Deutsch
News-ID 569892
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