Business
Central Africa Copperbelt Exploration Update
Central Africa Copperbelt Exploration Update.
About this update from African Pioneer Plc
[{"type":"text","content":"\n\n\n \n6 June 2023\nAfrican Pioneer Plc\n(\"African Pioneer\" or \"the Company\")\nCentral Africa Copperbelt: Quarterly report update on Western Foreland\nexploration on the NW Zambia Joint Venture\n \nAfrican Pioneer plc (\"AFP\" or the \"Company\") the exploration and resource development company with advanced projects in Namibia, Botswana, and Zambia, is pleased to confirm that the latest quarterly Report from First Quantum Minerals Limited (\"FQM\") has confirmed the presence of mineralisation with diagnostic regional geological and architectural similarities apparently consistent with Kamoa-Kakula deposit mineralisation located in the DRC. The targets are located in northwest Zambia on licences within the AFP-FQM Option Agreement concluded by the parties with AFP's 80% owned subsidiary African Pioneer Zambia Ltd.\nHighlights\nv Exploration has demonstrated that the geological setting, regional geology and architectural vectors evident on the JV licences show apparent similarities to that needed to facilitate the large-scale deposition of high-grade copper mineralisation of the Kamoa-Kakula-type.\n \nv Sufficient drilling and geophysics have been completed by FQM to generate a 3D model of the Western Foreland, the regional setting evident at Kamoa-Kakula in the DRC.\n \nMultiple high grade copper intercepts peaking at 8m @ 1.25% Cu (ICP) will be followed up on the Turaco prospect. High-grade cobalt mineralisation has also been identified peaking at 0.23% Co over 4m within the Fold and Thrust Belt.\n \nv Diamond drilling in 2023 will focus on targeting reduced diamictite in the Western Foreland target, as well as testing depth extent of mineralisation at the Turaco target, previously delineated with aircore drilling in 2022.\n \nv Further aircore drilling in 2023 is expected at Chibwika and Chipopa targets and on the other cumulative >35km of anomalous soil geochemical targets broadly defined and reported at the end of the 2022 field season.\n \nColin Bird, Executive Chairman, commented: \"The discoveries made during the last quarter and the resulting report are ground-breaking for our partners and AFP shareholders. The apparent confirmation of the extension of the Western Foreland and the presence of key vectors possibly consistent with Kamoa-Kakula style of mineralisation is an ...