Zambezi Resources (ASX: ZRL) has intersected visual mineralisation at the Kalulu and Chisawa prospects within the Kangaluwi Copper Project in Zambia, confirming the strength of the geological modelling to date.
The company has completed 38 diamond drill (DD) holes for 7,098 metres at both prospects as part of its second round exploration program and plans further holes to test the down dip extent of the mineralisation.
With a $3.5 million exploration budget aiming to move Kalulu to a JORC Resource, and to upgrade part of the Chisawa resource to the higher confidence Measured category, Zambezi continues to rapidly progress the Kangaluwi project.
The company is now overcoming logistic delays by sourcing an accredited laboratory in Zambia and 776 samples have been sent to this new facility for assay. Zambezi anticipates the first results in the coming weeks and are confident that the drilling program will be finalised ahead of time by August 2011.
21 DD holes have been drilled at Kalulu and 17 DD holes at Chisawa. Zambezi is currently drilling two deep DD holes at Kangaluwi and Chisawa, and in both holes mineralisation has been intersected just above 100 metres, suggesting that there are several more ore chutes than previously interpreted.
Current drilling is following up on the intersections of reverse circulation (RC) and DD holes drilled previously on the two prospects and is designed to confirm and increase confidence on the resources of the two prospects. The prospects are located on two parallel strike lines extending for at least 2.5 kilometres and are around 1,000 metres apart.
At Chisawa, 32 DD holes with a total of 6,080 metres are budgeted to cover a 3 kilometres strike length, for an eventual 100 by 100 metres grid coverage.
At Kalulu, 38 DD holes with a total of 6,980 metres are budgeted to cover the 1 kilometre strike length. DD hole section lines are planned 100 metres in between and along previous drilled RC section lines, to provide a 50 by 50 metre spacing across the deposit’s strike length.
Kangaluwi currently hosts a JORC Indicated Resource of 8.9 million tonnes at 0.78% copper, for 69,000 contained copper tonnes; and Chisawa hosts an Inferred Mineral Resource of 14.5 million tonnes grading 0.9% copper for 130,824 tonnes of contained copper.
The Global Mineral Resource estimate now stands at 23.4 million tonnes grading 0.85% copper for 200,757 tonnes of contained copper.
CSA Global designed satellite open pits to access the two deposits, with a combined strip ratio of 3.5:1 at a production rate of 1.5 million tonnes per annum over an initial 15 year mine life.
In other news, Zambezi has appointed of Dr. Geoff Booth as its Consultant Geologist, who has over 30 years’ experience in base and precious metal exploration, resource planning and development.
Most recently he has managed resource activities for the Citadel Group within the Middle East and feasibility studies for Anvil Mining (TSE: AVM) in Africa.