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Trench Results from the Kalaba Open Pit, Zambia
Trench Results from the Kalaba Open Pit, Zambia.
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[{"type":"text","content":"\n\n \n Ortac Resources Limited 29 October 2015 \n\nOrtac Resources Ltd / Epic: OTC / Market: AIM / Sector: Mining & Exploration\n \n29 October 2015\nORTAC RESOURCES LTD \n(\"ORTAC\" OR THE \"COMPANY\")\n \nTrench Results from the Kalaba Open Pit, Zambia\nOrtac Resources Ltd., the AIM listed exploration and mine development company, is pleased to announce that Zamsort Limited (\"Zamsort\"), the Zambian copper focussed exploration and mining company in which Ortac has acquired secured convertible loan notes, has completed a surface trench sampling programme at its Kalaba Small-scale Mining License (\"SML\") located 290km west of Solwezi in northwest Zambia.\nKalaba Oxide Trench Highlights:\n· 95m @ 2.08% Copper and 0.26% Cobalt in surface trench No. 3\n· 30m @ 2.10% Copper and 0.24% Cobalt in surface trench No. 4\n· 20m @ 1.73% Copper and 0.25% Cobalt in surface trench No. 7\nVassilios Carellas, Ortac CEO, commented: \"These trench assay results from the Kalaba open pit copper cobalt project are indicative of the grade of material that Zamsort is looking to process through their plant, the site for which has now been cleared of vegetation in preparation for construction of the leach plant. \n \n\"I am very pleased with the approach Zamsort has adopted. It is designed to quickly move the company to a cash generating position, secured from the processing of copper and cobalt ore mined from the Kalaba open pit.\" \nNine trenches were sampled in and around the Kalaba small-scale open pit mine, the results of which are summarized below:\n\n\n\n\nTrench No.\n\n\nLength (m)\n\n\nCu (%)\n\n\nCo (%)\n\n\nNi (%)\n\n\nAu (ppm)\n\n\nAg (ppm)\n\n\n\n\n1\n\n\n30.0\n\n\n0.24\n\n\n0.13\n\n\n0.04\n\n\n<0.10\n\n\n2.15\n\n\n\n\n2\n\n\n30.0\n\n\n1.00\n\n\n0.09\n\n\n0.03\n\n\n<0.10\n\n\n2.48\n\n\n\n\n3\n\n\n95.0\n\n\n2.08\n\n\n0.26\n\n\n0.06\n\n\n<0.10\n\n\n3.16\n\n\n\n\n4\n\n\n30.0\n\n\n2.10\n\n\n0.24\n\n\n0.05\n\n\n<0.10\n\n\n2.98\n\n\n\n\n5\n\n\n25.0\n\n\n0.69\n\n\n0.18\n\n\n0.06\n\n\n<0.10\n\n\n1.42\n\n\n\n\n6\n\n\n15.0\n\n\n0.72\n\n\n0.25\n\n\n0.06\n\n\n<0.10\n\n\n0.73\n\n\n\n\n7\n\n\n20.0\n\n\n1.73\n\n\n0.25\n\n\n0.04\n\n\n<0.10\n\n\n1.15\n\n\n\n\n8\n\n\n75.0\n\n\n0.29\n\n\n0.09\n\n\n0.03\n\n\n<0.10\n\n\n1.73\n\n\n\n\n9...