AUSTRALIAN firm Chrysalis Resources has intersected more and rich copper mineralisation at Wangolo Prospect in Solwezi in Northwestern Province.
The discovery is between Barrick Gold’s Lumwana Copper Mine and First Quantum Minerals (FQM)’s Kansanshi mine and falls within the Shikila Licence for copper project in Zambia by Chrysalis Resources.
According to Proactive Investors Australia, the highlights include four metres at 1.21 per cent copper, 4.5 metres at 1.38 per cent copper and 1.5 metres at 0.96 per cent copper.
The Wangolo Prospect was the subject of drilling in the 1960s which defined some copper mineralisation.
The new discovery at Wangolo has copper grades which are consistent with other copper mines in the area.
Chrysalis undertook drilling at the Wangolo Prospect in late 2012, and the latest results from holes drilled northwest of the thick crosscutting hydrothermal dolomite confirm the extension of the shallow northeast dipping contact mineralisation.
These results, which substantiate the earlier 1960s drill results, will be included in resource modelling to be undertaken during April/May 2013.
Further exploration of the two styles of Wangolo mineralisation will focus on extending the boundaries of the existing hydrothermal dolomite to the northeast and locating similar mineralised cross-cutting structures that are thought to be dyke-like.
That I will only be proud of if and only if we benefit (hugely) from the discoveries, otherwise those selfish fools, busters will continue raping our very own minerals with meager benefits for zambia. We are already awake so no need this time around to say zambians wake!! “jerabos” where are you at?its even better to support them coz they are mostly indigenous zambians getting their share of the copper.Those discoveries are only making europe and aussies richer day by day.fake fake fake!!
Please Zambian reporters dont put up such headings. we no longer belong to the stone age. Nobody has discovered the copper. you dont discover something everyone knows that it has been there. Kaunda new about the copper deposit long before Chiluba became President.
Correct. We know that already.
Yes, truly change your reporting especially the headings. We all know it’s not Dr David Livingstone who discovered the Mosi-O-Tunya falls, yes the Mosi-O-Tunya and not that name you call it!
cry my beloved rich zambia!! only a few thieves will benefit
yes, they didn’t “discover” copper, the term should be they’ve just “confirmed” that the copper mineral in that area is economically feasible to mine from their drilling program. Our journalists need to consult for terminology. and before some people cry “rape” or “exploitation” why dont people buy shares and pump money into the investment so your dividends are used to benefit Zambia also? instead of crying about the money going out. Ask your government to show you where the funds goes for the tax mines pay them; instead of finger-pointing.
Nothing to be excited about. This will entail more pollution, tax evasion and further impoverishment of the locals…same old boring facts, generation after generations. I really thought the class of 90 offered real hope. I was wrong.
More money in their pockets.
We wont benefit so what’s the fuss?
MORE MORE IN THE POCKETS OF WHITES
These results, which substantiate the earlier 1960s drill results, will be included in resource modelling to be undertaken during April/May 2013. It was known way back. David Livingstone did not discover the Mosi O Tunya falls. He was just the first white man man to see it. Ninshi tuno utu Zambian utwa mano twalimona kale, and name the falls as Mosi-O-Tunia.
Nothing to cheer about as it is better off unexplored as the country will not even benefit from this; the citizens of Switzerland are celebrating by this discovery!!
Why should a foreign firm always ‘discover’ our own minerals? What do Zambian tycoons HH, GBM Mahtani do with their money? Can’t they band together to own a mine? Surely 50 years after independence Zambians should have a stake in the country’s biggest industry?
@Solanki Patel
Spot on…this why they will always be merely rich and not wealthy like Nigerian Cement tycoon Aliko Dangote. Moreover a lot of their money is wasted in funding their political agendas.
@ Jay Jay and Solanki Patel ask where you are and not where GBM and HH are. They are not interested in that kind of business so take up the challenge. Your thinking is warped. Why dont you come up with a proposal instead of waiting for HH and GBM? These two went for businesses they could manage. If you are interested in mining go for it. No one is stopping you.
Solanki Patel you are right. Our HH, GBM and Kavindele are busy investing in becoming republican presidents instead of owning mines. Only Jesus will save us
bring it on ba zambia kopala muchende tukalalya bonse jerabo ni zee
At the end of the day all we will have are trenches and tunnels as a reminder of the once vibrant industry.I`m talking about Zambia in 100 years time.
At the end of the day all we will have are trenches and tunnels as a reminder of the once vibrant industry.I`m talking about Zambia in 100 years time
@ heya spot on my man. @jay jay and sonlaki patel – what about you, take a challenge and become somthing. not pointing at others.
Less than 2% copper IN all depths , its a shame and yet zambia claims to be rich in copper LOL
Imwe ba Heya@10 naba analyst dont just copy and paste trendy arguments. At times those criticisms don’t fit in.Mines are heavy capital investments That’s why Patel is mentioning Zambian tycoons. You don’t come up with just a business plan and borrow money from a bank to start a mine. You first show the. Financier that you possess half the capital. Not one single Zedian can start such a venture so you need ganging up -conglomerating
More copper 2 destroy our roads, leave holes and pollute our environment without any development in our rich province.
Zambia was sold on the cheap in the 90s by Chiluba and cronies. The mines were sold for a meagre $600million US dollars! Yes! you read right – 600 million bucks!
That same year the deal was closed, the new owners made $6billion dollars in profit! Daylight robbery – actually day and night robbery by these so called foreign investors working with our greedy hyenas pretending to be our saviours.
To rub salt to the gushing wound, the government picked up the electricity bill which was part of the terms of the deal to the tune of $150million dollars for a period. In short, the mines were given out for free with the benefit of lining the presidents pockets and a few of his buddies as we picked the droppings of their tables.
Search the web for ‘why poverty’ and you will find the…
Mwe bantu please help me how do I start mining?
The govt should enact laws requiring foriegn owned companies to give equity to Communities from which they mine minerals. Community Share Ownership Trusts (CSOT) are working very well in Zimbabwe. Locals do not need to buy equity in forreign owned Companies, minerals belong to them and its theirs !! Wonder if CNP can comprehend this…
Zambia was sold on the cheap in the 90s by Chiluba and cronies. The mines were sold for a meagre $600million US dollars! Yes! you read right – 600 million bucks!
That same year the deal was closed, the new owners made $6billion dollars in profit! Daylight robbery – actually day and night robbery by these so called foreign investors working with our greedy hyenas pretending to be our saviours.
To rub salt to the gushing wound, the government picked up the electricity bill which was part of the terms of the deal to the tune of $150million dollars for a period. In short, the mines were given out for free with the benefit of lining the presidents pockets and a few of his buddies as we picked the droppings of their tables.
Search the web for ‘why poverty?’
Treat this town with respect. Some liken it to Jor’burg when gold was discovered there. It is the cow that will feed the rest of Zambia.
Zambia was sold on the cheap in the 90s by Chiluba and cronies. The mines were sold for a meagre $600million US dollars! Yes! you read right – 600 million bucks!
That same year the deal was closed, the new owners made $6billion dollars in profit! Daylight robbery – actually day and night robbery by these so called foreign investors working with our greedy hyenas pretending to be our saviours.
To rub salt to the gushing wound, the government picked up the electricity bill which was part of the terms of the deal to the tune of $150million dollars for a period. In short, the mines were given out for free with the benefit of lining the presidents pockets and a few of his buddies as we picked the droppings of their tables.
Search the web for ‘why poverty?’