African Metals Corporation exceeds projected targets with resource update at the Luisha South Project, Katanga Provence, Democratic Republic of Congo, increasing contained copper and cobalt by 114% and 90% respectively.

About this update from Absolutely Critical Resources Corp.

[{"type":"text","content":"\n\n\n\n\n\nTrading Symbols TSXV: AFRFrankfurt: OWW\n\n\nVANCOUVER, Aug. 29, 2011 /CNW/ - African Metals Corporation (\"AFR\") is\n pleased to report updated resource estimation figures by Geosure\n Exploration Mining Solutions Pty Ltd, independent geological\n consultants, for its Luisha South Project. The revised resource as\n estimated includes an Inferred 14.7 Million tonnes at 1.1% Cu for\n 161,700 tonnes of contained copper metal (up 114% from previous\n estimate) and 0.3% Co for 44,100 tonnes of contained cobalt metal (up\n 90% from previous estimate).\n\n\nThe revised resource as estimated includes:\nAn Inferred 14.7 Million tonnes at 1.1% Cu for 161,700 tonnes of\n contained copper metal and 0.3% Co for 44,100 tonnes of contained\n cobalt metal.\n\n\nResource modelling was also completed at various cut off grades as\n presented in Table One, and includes a higher grade Inferred resource\n of some 0.2 Million tonnes at 2.3% Cu and 0.5% Co for 4,600 tonnes of\n contained copper metal and 1,000 tonnes of contained cobalt metal.\n\n\nCut Off(Copper %)\n\n\nTonnes(000's)\n\n\nGrade Copper(%)\n\n\nGrade Cobalt(%)\n\n\nContained Copper (tonnes)\n\n\nContained Cobalt (tonnes)\n\n\n0.50\n\n\n14,700\n\n\n1.1\n\n\n0.3\n\n\n161,700\n\n\n44,100\n\n\n1.00\n\n\n7,800\n\n\n1.3\n\n\n0.4\n\n\n101,400\n\n\n31,200\n\n\n2.00\n\n\n200\n\n\n2.3\n\n\n0.5\n\n\n4,600\n\n\n1000\n\n\nTable 1: Resource modelling results based on various copper cut-off\n grades (Note: Grades rounded to one decimal place).\n\n\nThe resources stated above are approximately double those which the\n company had targeted through its second round of drilling at the Luisha\n South Project and includes significant tonnages of lower grade material\n from the hanging wall mineralised zone as well as depth continuation of\n higher grade mineralisation from the footwall zone. The majority of the\n resource estimate incorporates veined and disseminated chalcopyrite and\n carrolite sulphide mineralization, with oxide malachite and\n heterogenite mineralization predominantly in the footwall zone, beneath\n the base of the pit, and near surface on the hanging wall.\n\n\nNigel Ferguson, CEO and President of African Metals Corp, commented:\n\n\n\"The Company is very pleased with this resource update, which is\n expected to continue to grow in the coming months. A drill rig will be\n ...

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