Kikana
Shallow Copper Oxide Blanket and Deeper Sulphide Potential
Kikana is located in the Western Domes region where many of Zambia's largest producing copper mines are found.
It is only 48km from Africa’s largest producing copper mine – Kansanshi (982 mt @ 0.61% Cu with 0.11 g/t Au and 0.2% cut-off). It is along strike and in the same geology as First Quantum Minerals’ flagship mine.
There is a significant package of historic data from previous phases of exploration. This includes close spaced soil geochemistry, regional geophysics, aircore drilling along some of the copper in soil geochemistry anomalies and a limited amount of diamond drilling. Since acquisition Zamare has flown close-spaced aereomagnetics and collected 22km of lines of AMT (audio frequency magneto-tellurics) across prospective parts of the licence. From this Zamare has developed a more detailed litho-structural map of the licence. This work, integrated with the historic work, has generated a number of highly prospective areas which require drilling as follow up. These include a near surface shallow oxide blanket in Kikana West and a deeper sulphide drill target at Target Two
Shallow Copper Oxide Banket
There is a shallow copper oxide blanket that could be mined in the short-term, and deeper identified copper sulphide targets.
- Initial assessment of 3 historic drilling holes (by First Quantum) has identified a shallow copper oxide banket which includes 23.3m @1.75% Tcu.
- Internal estimtes are approx. 2.4Mt @ 0.85% Cu in situ potential (non-compliant).
- Near surface, flat lying so easy to mine. Thickness amenable to open pit.
- Silver (Ag) grades up to 50 g/t coinciding with high grade Cu zones.
- Diamond Drilling program planned targeting oxide copper resource definition
- Potential non-dilutive funding source to advance other exciting projects.
Deeper Copper Sulphide Potential
- Target 2 approximately 1.5km west of Oxide Resource.
- Massive, Untested, Geochemical Anomaly: Over 5km of very anomalous Cu in soils (>300ppm).
- Lithological trend extrapolated, utilising high resolution magnetics, detailed surface geochemistry and 3D AMT data, from known geology at Kikana to Target 2.
- Target 2 has surface geochemical expression in the same grouping as known mineralisation at Kikana Oxide.
- 3D AMT shows conductors, structurally truncated with associated resistivity (alterations?)
- Shallow aircore with +1000ppm Cu associated with resistive zones.
