Zambezi Resources Limited – the AIM-listed exploration company exploring for and developing gold, uranium and base metal resource projects in Africa – has announced the discovery of three new mineralised prospects from its exploration pipeline in southern Zambia. The new prospects have all returned excellent rock chip sampling results.
Rock chip sampling and mapping at the Mwapula prospect has outlined an area of highly anomalous copper-lead mineralisation, including 11.93% copper, 31.50% lead and 212.4 g/t silver. The mineralised zone occurs within a 600m wide quartz-veined sheared corridor which trends north-west, and has been defined by mapping over a strike length of 2.4km to date.
At the Iron Cap South prospect in the Mulungushi project area, rock chip sampling and mapping has outlined an area of anomalous copper-silver mineralisation including 1.58% copper and 12.0 g/t silver. Further assay results are awaited.
And at the Kamona prospect, also in the Mulungushi project area, rock chip sampling, soil sampling and mapping has outlined an area of anomalous copper-gold mineralisation, including 1.02% copper, 3.86 g/t gold and 21.4 g/t silver.
The results at these new discoveries demonstrate the prospectivity of Zambezi’s tenement package. The priority in these areas now is to define future drill targets by carrying out geochemical sampling and geological prospecting this field season.
Elsewhere, Zambezi is continuing to focus on its priority copper-gold projects at Cheowa and Kangaluwi. Four rigs are currently drilling at Cheowa (Glencore earning 51%) and two rigs are drilling at Kangaluwi (100% owned). The bulk of Zambezi’s 100 000m drilling programme for the 2007 field season will be conducted on these advanced copper-gold projects, and further results are expected from Cheowa and Kangaluwi any day now.