Fe Limited: Drilling Results Received from Kasombo 5 Copper Project in DRC
(firmenpresse) - Drilling Results Received from Kasombo 5 Copper Project in DRC
Highlights:
- Drilling intersected unexpected cobalt mineralisation
- KSB002: 15 m (at) 0.16% cobalt from 17 m
- Assay from cobalt-rich Kasombo 7 prospect due imminently
Fe Limited (Company) (ASX: FEL) is pleased to advise that it has recently received the assay from its second drillhole completed at the Kasombo Copper-Cobalt Project (Kasombo Project). The assay was from abandoned drillhole KSB002 located at the Kasombo 5 prospect. The drillhole was abandoned before the copper target zone was intersected because of driller error, but still intersected unexpected cobalt mineralisation.
The assays show drillhole KSB002 intersected a zone of low grade cobalt mineralisation, having a thickness of 15 m, averaging 1670 ppm cobalt from a hole depth of 17 m.
Preliminary reverse circulation (RC) drilling was completed at Kasombo 5 and Kasombo 7 in late December 2017 and early January 2018 (ASX announcement 8 January 2018):
- Kasombo 5: drilling targeted copper mineralisation mapped in the pit-wall of an open cut:
o two completed RC holes for 149 m;
§ FEL described the copper-rich nature of Kasombo 5 from assays from first hole, KSB001, that returned 23 m (at) 3.18% copper from 54 m (ASX announcement dated 16 February 2018);
§ The assays from the second completed hole is awaited.
o two abandoned RC holes for 114 m;
§ KSB002, the subject of this report, is one of these abandoned drillholes.
- Kasombo 7: drilling targeted cobalt mineralisation observed in bedding cross-cutting breccias and in conformable bedding layers exposed by small-scale artisanal workings. The assays for these holes are awaited.
The Kasombo Project comprises three mineralised areas of approximately 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses PE481 and PE4886 and situated approximately 25 km from the DRCs second largest city, Lubumbashi, in the Katanga Copper Belt.
Commenting on the exploration works, Chairman Tony Sage said; I am pleased to see that the early results of the preliminary drill program continue to support our high hopes for this project.
Yours faithfully
FE LIMITED
Tony Sage
Non-Executive Chairman
http://www.irw-press.at/prcom/images/messages/2018/42591/0339 - Kasombo_FurtherDrillingResults_v4prcom.001.jpeg
Figure 1: Location of Kasombo Project and nearby Kipushi Processing Plant
http://www.irw-press.at/prcom/images/messages/2018/42591/0339 - Kasombo_FurtherDrillingResults_v4prcom.002.jpeg
Figure 2: Kasombo Location Map
http://www.irw-press.at/prcom/images/messages/2018/42591/0339 - Kasombo_FurtherDrillingResults_v4prcom.003.png
Figure 3; Kasombo 5 plan-view of KSB002, open-cut outline shown by blue outline; fault shown by thick green line, bedding shown by thin dotted green line; mineralisation zone shown by red stipple, drillhole collar shown by green dot, and surface projection of drill-trace is shown by the grey arrows. Drillhole, KSB002 is located at 532,905mE 8,710,313mN (datum: wgs84 zone 35 south)
Competent Person Statement
The information in this report is compiled and collected by Mr Jess Oram, Executive Director of Cauldron Energy (an affiliate company of FE Limited) 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 - entire drillhole assay; selected elements
AREA LOCATION PREFERRED ASSAY ME-MSME-MSME-MSME-MS
61 61 61 61
ProspSamplDrilFroToCu_pCu_meCo_pCo_meFe_% Mn_ppPb_ppS_ppm
ect eID l_IDm pm th pm th m m
Kas5 40468KSB00 1 328 ME-MS339 ME-MS7.23 145 19.6 0.03
3 02 61 61
Kas5 40468KSB01 2 2340ME-MS622 ME-MS5.62 341 12.1 0.03
4 02 61 61
Kas5 40468KSB02 3 706 ME-MS494 ME-MS3.88 94 15.2 0.02
5 02 61 61
Kas5 40468KSB03 4 1540ME-MS612 ME-MS10.3 144 16.3 0.02
6 02 61 61
Kas5 40468KSB04 5 1430ME-MS615 ME-MS5.37 177 9.8 0.01
7 02 61 61
Kas5 40468KSB05 6 4970ME-MS329 ME-MS6.74 176 10.6 0.01
8 02 61 61
Kas5 40468KSB06 7 365 ME-MS211 ME-MS6.14 67 11.5 0.01
9 02 61 61
Kas5 40469KSB07 8 290 ME-MS107 ME-MS7.03 41 11.4 0.01
0 02 61 61
Kas5 40469KSB08 9 410 ME-MS159 ME-MS5.54 32 12.3 0.01
1 02 61 61
Kas5 40469KSB09 10754 ME-MS218 ME-MS5.51 82 15.8 0.01
2 02 61 61
Kas5 40469KSB010 11999 ME-MS595 ME-MS6.18 145 14 0.02
3 02 61 61
Kas5 40469KSB011 12370 ME-MS142.ME-MS5.39 66 12.3 0.01
4 02 61 5 61
Kas5 40469KSB012 13387 ME-MS212 ME-MS4.98 64 10.4 0.01
5 02 61 61
Kas5 40469KSB013 14294 ME-MS127 ME-MS5.05 26 12 0.01
6 02 61 61
Kas5 40469KSB014 15275 ME-MS114.ME-MS4.27 161 10.1 0.01
7 02 61 5 61
Kas5 40469KSB015 16700 ME-MS329 ME-MS4.82 775 11.9 0.01
8 02 61 61
Kas5 40469KSB016 171060ME-MS928 ME-MS3.72 745 10.5 0.01
9 02 61 61
Kas5 40470KSB017 18932 ME-MS2110ME-MS4.81 1660 18.8 0.02
0 02 61 61
Kas5 40470KSB018 191170ME-MS2280ME-MS5.97 1130 16.3 0.02
1 02 61 61
Kas5 40470STD 7370ME-MS42.6ME-MS6.99 949 39.1 0.99
2 61 61
Kas5 40470KSB019 201700ME-MS3570ME-MS5.77 3870 8.2 0.02
3 02 61 61
Kas5 40470KSB020 211520ME-MS2600ME-MS5.4 3390 8.6 0.01
4 02 61 61
Kas5 40470KSB021 221250ME-MS2330ME-MS5.42 2290 8.4 0.01
5 02 61 61
Kas5 40470KSB022 23792 ME-MS780 ME-MS5.19 1070 7.8 0.02
6 02 61 61
Kas5 40470KSB023 24613 ME-MS686 ME-MS5.16 1480 8.5 0.01
7 02 61 61
Kas5 40470KSB024 251350ME-MS1610ME-MS5.36 2480 8.3 0.01
8 02 61 61
Kas5 40470KSB025 26829 ME-MS515 ME-MS4.02 727 9 0.01
9 02 61 61
Kas5 40471KSB026 271430ME-MS1200ME-MS5.4 1180 10.2 0.01
0 02 61 61
Kas5 40471KSB027 281800ME-MS1160ME-MS5.66 993 9.4 0.01
1 02 61 61
Kas5 40471KSB028 292880ME-MS1540ME-MS7.78 693 10.2 0.01
2 02 61 61
Kas5 40471KSB029 303670ME-MS2050ME-MS6.59 1130 9.9 0.01
3 02 61 61
Kas5 40471KSB030 312850ME-MS1490ME-MS7.86 2050 23.4 0.02
4 02 61 61
Kas5 40471KSB031 322500ME-MS1130ME-MS6.41 1560 12.8 0.02
5 02 61 61
Kas5 40471KSB032 331510ME-MS924 ME-MS4.87 834 11.9 0.01
6 02 61 61
Kas5 40471KSB033 341580ME-MS385 ME-MS5.16 298 12.3 0.01
7 02 61 61
Kas5 40471KSB034 355070ME-MS699 ME-MS6.5 713 10.1 0.02
8 02 61 61
Kas5 40471KSB035 361260ME-MS526 ME-MS4.92 450 10.2 0.01
9 02 61 61
Kas5 40472KSB036 372270ME-MS770 ME-MS4.34 993 9.3 0.01
0 02 61 61
Kas5 40472KSB037 382560ME-MS488 ME-MS5.06 270 7.6 0.01
1 02 61 61
Kas5 40472STD 7370ME-MS37.4ME-MS6.86 920 34.9 0.98
2 61 61
Kas5 40472KSB038 392770ME-MS378 ME-MS3.05 239 4.4 0.01
3 02 61 61
Kas5 40472KSB039 401770ME-MS385 ME-MS3.35 148 14.7 0.01
4 02 61 61
Kas5 40472KSB040 41746 ME-MS270 ME-MS2.9 171 7.3 0.01
5 02 61 61
Kas5 40472KSB041 421000ME-MS500 ME-MS3.15 153 7.9 0.01
6 02 61 61
Kas5 40472KSB042 431190ME-MS333 ME-MS4.26 41 9.3 0.01
7 02 61 61
Kas5 40472KSB043 442020ME-MS411 ME-MS8.88 49 11.7 0.02
8 02 61 61
Kas5 40472KSB044 451850ME-MS602 ME-MS5.13 95 9.1 0.01
9 02 61 61
Kas5 40473KSB045 461360ME-MS697 ME-MS6.22 147 23.7 0.01
0 02 61 61
Kas5 40473KSB046 471960ME-MS417 ME-MS5.31 54 10.8 0.01
1 02 61 61
Kas5 40473KSB047 482210ME-MS365 ME-MS6.38 33 10.9 0.01
2 02 61 61
Kas5 40473KSB048 49546 ME-MS74 ME-MS5.04 15 11.3 0.05
3 02 61 61
Kas5 40473KSB049 501300ME-MS406 ME-MS9.46 124 24.6 0.04
4 02 61 61
Kas5 40473KSB050 512720ME-MS409 ME-MS8.97 171 23.7 0.09
5 02 61 61
Kas5 40473LOST51 52
6
Kas5 40473KSB052 531750ME-MS416 ME-MS4.39 132 9.6 0.02
7 02 61 61
Kas5 40473KSB053 542290ME-MS568 ME-MS3.86 465 6.9 0.02
8 02 61 61
Kas5 40473KSB054 552890ME-MS581 ME-MS4.34 244 5.6 0.13
9 02 61 61
Kas5 40474KSB055 561380ME-MS360 ME-MS3.39 170 8.2 0.05
0 02 61 61
Kas5 40474KSB056 572060ME-MS594 ME-MS4.13 333 9.3 0.06
1 02 61 61
Kas5 40474DUP 56 571960ME-MS589 ME-MS3.83 281 8.3 0.06
2 61 61
Kas5 40474KSB057 582300ME-MS565 ME-MS3.35 498 7.3 0.03
3 02 61 61
Kas5 40474KSB058 592400ME-MS771 ME-MS3.82 471 9.5 0.02
4 02 61 61
Kas5 40474KSB059 602620ME-MS723 ME-MS3.77 484 10.4 0.01
5 02 61 61
Kas5 40474KSB060 613600ME-MS710 ME-MS5.96 276 13.8 0.07
6 02 61 61
Kas5 40474KSB061 623010ME-MS520 ME-MS6.04 534 16.6 0.05
7 02 61 61
Kas5 40474KSB062 634300ME-MS327 ME-MS6.74 200 11 0.09
8 02 61 61
KEY:
Kas5 is Kasombo 5 prospect
An assay of 10,000 ppm is equivalent to 1%; to convert units of concentration, divide ppm by 10000 to obtain units of %
ME-MS61 is ALS analysis using a four-acid digest with ICP-MS and ICP-AES finish
OG62 is ALS method for over-range grade re-assay of ME-MS61
STD refers to certified reference material GBMS911-3 manufactured by Geostats Pty Ltd
DUP refers to duplicate sample collected for interval
LOST refers to sample not recovered from drilling
Australian Securities Exchange Code: FEL
Ordinary Shares:
368,065,463
Unlisted Options:
2,812,500
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
To view entire News including tables and JORC-Code in English language, please follow the link: https://www.asx.com.au/asxpdf/20180228/pdf/43s01pp6rp9xln.pdf
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Datum: 28.02.2018 - 13:48 Uhr
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