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  • Minerals Corporation Finds New Copper Targets From Review Of DRC Tenements 0 comments
    Sep 19, 2013 1:38 AM

    Minerals Corporation (ASX: MSC) continues to identify new targets from its review of historical geophysical data of its eight copper concessions within the Katanga Province, Democratic Republic of Congo.

    The company noted that preliminary results warranted a reprioritisation of its overall exploration plan.

    It will undertake a campaign of geological mapping of the identified targets at the Luishia and Kipita concessions and also sharpen its focus on the "Lubumbashi-based" Kisangwe and Kilobelobwe concessions.

    The review, which is nearing completion, has generated new targets at Luishia, Kisangwe and Kilobelobwe.

    Preliminary reports indicate the interpretation of major northeast-southwest orientated structural features within the north western portion of the Luishia (PE 4981) concession coincide with elevated copper results in the soil geochemistry.

    The review has also indicated that the previously identified Target Area 1 within the Kipita concession (PR 6533), where outcropping copper carbonates (malachite) have been sampled, is coincident with newly interpreted structures.

    Major northwest-southeast orientated lineaments have also been interpreted to traverse the Kisangwe (PR 5480) and Kilobelobwe (PR 5338) concessions that are located close to the Kinsevere and Ruashi/Etoile projects respectively.

    These structures appear to occur at the juncture of what is believed to be units of the Upper Roan (Mine Series) and Nguba Groups, further increasing the prospectivity of these targets.

    Upper Roan lithologies are host to numerous copper deposits within the DRC and Zambia (e.g. Kipoi, Lonshi, Sentinel).

    The review has also recognised distinct structural potential at the Sakania East concession in the southern portion of the DRC pedicle.

    A major northeast-southwest orientated fault "corridor" has been interpreted that potentially links the relationship between basement intrusive "rafts" and the overlying Nguba banded pyritic shales.

    Further to the west, similar structures have been interpreted, orientated along the regional NW-SE trend. Such a network of shears and faults can potentially provide conduits for the migration of mineralising fluids from their source.

    Trenching Results

    The company's sampling of old and new trenches excavated over previously interpreted structural and geochemical anomalies has so far indicated that discrete, coherent zones of elevated copper have been identified within the shales and dolomites of the Kundelungu Group.

    The existence of elevated copper across significant widths and strike lengths confirms the original exploration model for this area of Luishia.

    The trenching work performed at the South Central Block of the Luishia concession has given the Company's geological consultants a greater understanding of its structure and stratigraphy.

    Results also appear to confirm the structurally controlled nature of the mineralisation that is hosted within Nguba and Kundelungu shales, dolomites and conglomerates.

    These findings are coupled with the preliminary interpretations that a dominant northeast-southwest structure - coinciding with historical soil geochemical sampling - is located in the northwest region of the concession.

    Luishia is adjacent to Tiger Resources' (ASX: TGS) Kipoi project, which hosts five known copper deposits with a current Resource of 49.6 million tonnes at 1.7% copper.

    Kipoi produced 11,116 tonnes of copper in the June quarter 2013 with Tiger noting it was producing copper in concentrate above guidance.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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