African Metals Corporation
TSX VENTURE : AFR
FRANKFURT : OWW

African Metals Corporation

January 10, 2011 19:49 ET

African Metals Corporation: Positive RC Drilling Results From Testing of Reconnaisance Geochemical Copper-In-Soil Anomalies, Luisha Project, Katanga Province, Democratic Republic of Congo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2011) - African Metals Corporation ("AFR") (TSX VENTURE:AFR)(FRANKFURT:OWW) is pleased to provide an update on exploration activities at its Luisha South Project in the Democratic Republic of the Congo.

Summary

A total of 200 metres of scout Reverse Circulation (RC) drilling from four holes was completed at the Luisha South Project in October 2010. The holes targeted four copper-in-soil geochemical anomalies highlighted by a regional soil sampling program. Analytical results of the RC samples indicate that two of the holes have intersected significant levels of low grade copper mineralization associated with a northwest trending ridgeline:

44m at 0.20% copper, 0.03% cobalt (from 6m – LURC021)

50m at 0.30% copper, 0.08% cobalt (from 0m – LURC022)

Luisha South Project RC Drilling

Magnum Drilling Sprl completed a 200 metre reverse circulation (RC) drilling program at the Luisha South Project in October 2010. A total of four x 50m vertical scout holes (LURC021 to LURC024) were drilled to test copper in soil geochemical anomalies highlighted by regional soil sampling programs (Table 1, Figure 1).

Hole
Number
  East   North   RL   Azimuth
(°)
  Dip
(°)
  Total
Depth
(metres)
LURC021   502561   8763152   1295   360   -90   50
LURC022   502060   8763483   1290   360   -90   50
LURC023   502410   8763817   1273   360   -90   50
LURC024   503619   8762928   1276   360   -90   50
Table 1: Luisha South Geochem RC holes – Collar Information

To view Figure 1, please click on the following link: http://media3.marketwire.com/docs/afr110.pdf

Drill holes LURC021 and LURC022 tested broad anomalies located well south of the pit at the break of slope of a northwest trending ridgeline. Both holes intersected maroon to red siltstone and fine grained sandstone. A dark grey to black sub-metallic mineral, possibly manganese, occurred in variable amounts in the upper portions of the holes. The mineralization is interpreted as being associated with this mineral, and samples have been dispatched for petrologic review. Malachite mineralization was not observed in the drill chips.

Drill holes LURC023 and LURC024 tested anomalies along strike to the southeast of the pit. LURC023 intersected malachite in the first metre, explaining the 0.39% copper in soil anomaly. The malachite possibly representing float fragments within the soil profile. Malachite was not observed in the remainder of the hole. Drill Hole LURC024 did not intersect malachite mineralization. Both LURC023 and LURC024 returned anomalous values of magnesium (an indicator mineral?) which requires further investigation.

Both LURC23 and LURC024 drilled through soil cover and onwards into sedimentary breccia, possibly of the Red RAT Formation. Minor sulphides were noted in the unit. Diamond tails are planned for both holes to test the model of the breccia overlying mineralized dolomitic units, as observed in LURC004 which intersected 8m of copper and cobalt mineralized sediments beneath the overlying Red Rat unit. Drill hole LURC004 was the south-eastern most hole completed in the June 2010 RC drilling program.
Significant length weighted intercepts are listed in the table below. The host formation for both LURC021 and LURC022 is interpreted as being Lower Kundelungu (Mwasha); the unit may represent a new target horizon for the project.

BHID   Dip (°)   Azimuth (magnetic)(°)   Total Depth(metres)   From (metres)   Width (metres)   Cu %   Co %   Ag ppm   Mg %   Zn %
LURC021   -90   360   50   6   44   0.20   0.03   0.56   3.95   0.00
LURC022   -90   360   50   0   50   0.30   0.08   3.45   0.86   0.11
Inc.   38   12   0.52   0.09   7.62   1.62   0.16
LURC023   -90   360   50   0   2.0   0.57   0.09   2.80   0.62   0.07
16   34   0.02   0.01   0.26   10.61   0.01
LURC024   -90   360   50   40   4   0.12   0.01   0.80   6.81   0.01
Table 2: Luisha South Geochem RC holes – significant intercepts (LWA).

Samples were collected from all four RC holes at one metre intervals, and riffle split to produce approximately one kilogram sub-samples which were combined to produce a 2m composite for analysis. A total of 124 samples including QC controls were dispatched to ALS Laboratories in Johannesburg, South Africa, for sample processing and analysis. All samples were analyzed by method MEICP61 following sample prep and a 4 acid digest. The analytical results of the QC samples (standards, blanks, and field duplicates) were within acceptable limits.

Positive assay results from the RC program indicate that the southern soil anomalies warrant further investigation. AFR plans to conduct follow up drilling operations in 2011 after the end of the current wet season (March, April).

Nigel Ferguson, AusIMM, President and CEO of the Company and a qualified person under National Instrument 43-101, has verified data disclosed in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION

Nigel Ferguson, President & CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

BHID   FM   TO   THICK   SNO   GEOLOGY   Ag
ppm
  Co
ppm
  Cu
ppm
  Fe
%
  Mg
%
  Mn
ppm
LURC021   0   2   2   1419   SOIL   -0.5   243   806   10.55   0.44   689
LURC021   2   4   2   1420   SOIL   1.3   200   831   11.30   1.08   577
LURC021   4   6   2   1421   SOIL   1.1   187   973   12.10   0.78   532
LURC021   6   8   2   1422   SOIL   1.6   334   1160   11.85   0.75   957
LURC021   8   10   2   1423   SOIL   1.4   232   1120   10.75   0.55   611
LURC021   10   12   2   1424   SOIL   2   401   1480   10.25   1.14   1245
LURC021   12   14   2   1425   SOIL   0.7   221   1740   10.15   4.03   704
LURC021   14   16   2   1426   SOIL   -0.5   187   1260   10.65   5.51   759
LURC021   16   18   2   1427   SOIL   -0.5   235   923   10.85   1.06   887
LURC021   18   20   2   1428   SOIL   -0.5   218   2080   11.20   2.95   598
LURC021   20   22   2   1429   SOIL   -0.5   226   2720   13.30   0.83   734
LURC021   22   24   2   1430   SOIL   -0.5   200   1740   12.70   0.73   556
LURC021   24   26   2   1431   SOIL   -0.5   172   2730   10.75   2.65   411
LURC021   26   28   2   1432   SOIL   0.6   222   2690   10.15   3.16   430
LURC021   28   30   2   1433   SH & SST   1.2   229   2680   9.62   3.69   391
LURC021   30   32   2   1435   SH & SST   0.8   266   3380   9.75   4.53   720
LURC021   32   34   2   1437   SH & SST   -0.5   243   2970   11.20   5.19   533
LURC021   34   36   2   1439   SH & SST   -0.5   281   2040   11.70   6.26   754
LURC021   36   38   2   1441   SH & SST   -0.5   206   767   10.55   5.87   460
LURC021   38   40   2   1442   SH & SST   -0.5   374   975   9.78   4.86   1110
LURC021   40   42   2   1443   SH & SST   -0.5   353   1380   7.78   4.50   1255
LURC021   42   44   2   1444   SH & SST   -0.5   296   1010   9.64   5.53   823
LURC021   44   46   2   1445   SH & SST   -0.5   484   1650   11.45   5.81   1385
LURC021   46   48   2   1446   SH & SST   0.5   821   3790   7.05   8.19   3890
LURC021   48   50   2   1448   SH & SST   -0.5   323   2940   4.10   9.06   1860
        EOH                                    

BHID
  FM   TO   THICK   SNO   GEOLOGY   Ag
ppm
  Co
ppm
  Cu
ppm
  Fe
%
  Mg
%
  Mn
ppm
LURC022   0   2   2   1449   SH & SST   -0.5   425   1610   11.55   0.65   1715
LURC022   2   4   2   1450   SH & SST   2.4   265   1040   5.06   0.62   1030
LURC022   4   6   2   1451   SH & SLT   1.6   633   2970   12.70   0.48   2800
LURC022   6   8   2   1452   SH & SLT   1.6   429   1270   9.05   0.61   1370
LURC022   8   10   2   1454   SH & SLT   2.4   1070   1340   7.89   0.58   3400
LURC022   10   12   2   1455   SH   3.7   895   2110   12.45   0.57   4100
LURC022   12   14   2   1457   SH   2.5   342   1330   8.72   0.61   883
LURC022   14   16   2   1459   SH   2.3   114   937   6.73   0.47   228
LURC022   16   18   2   1460   SH   5.1   742   2780   20.20   0.34   1955
LURC022   18   20   2   1461   SH & SST   1.7   725   1940   13.20   0.33   3280
LURC022   20   22   2   1462   SH & SST   1.2   818   1730   11.10   0.30   4070
LURC022   22   24   2   1464   SH & SST   1.2   378   1490   12.95   0.47   3130
LURC022   24   26   2   1465   SH & SST   1.1   684   2750   10.40   0.40   3600
LURC022   26   28   2   1466   SH & SST   1.7   1620   3460   9.93   0.36   7800
LURC022   28   30   2   1467   SH & SST   2.6   1300   3920   15.00   0.18   9380
LURC022   30   32   2   1469   SH & SST   2.7   1530   3860   12.40   0.33   9520
LURC022   32   34   2   1470   SH & SLT   2.2   918   3640   11.70   0.66   5300
LURC022   34   36   2   1471   SH & SLT   2.6   923   3130   11.50   1.45   5320
LURC022   36   38   2   1472   SH & SLT   1.6   574   1630   9.61   2.30   3350
LURC022   38   40   2   1474   SH & SLT   2.3   634   3770   11.95   1.62   4010
LURC022   40   42   2   1475   SH & SLT   5.3   1350   6820   12.35   1.97   8460
LURC022   42   44   2   1476   SH & SLT   13.4   1950   9730   13.60   1.83   10700
LURC022   44   46   2   1477   SH & SLT   7.8   721   4950   8.92   1.42   5150
LURC022   46   48   2   1479   SH & SLT   9.8   639   4110   7.27   0.95   6310
LURC022   48   50   2   1480   SH & SLT   7.1   310   1840   7.51   1.91   4040
        EOH                                    
BHID   FM   TO   THICK   SNO   GEOLOGY   Ag
ppm
  Co
ppm
  Cu
ppm
  Fe
%
  Mg
%
  Mn
ppm
LURC023   0   2   2   1481   SOIL   2.8   914   5660   8.08   0.62   3530
LURC023   2   4   2   1482   SOIL   0.25   107   516   7.35   0.23   707
LURC023   4   6   2   1483   SOIL   0.6   107   636   10.45   0.26   885
LURC023   6   8   2   1484   SOIL   0.25   109   599   12.30   0.27   615
LURC023   8   10   2   1485   SOIL   0.25   63   567   9.20   0.23   492
LURC023   10   12   2   1486   SOIL   0.25   265   441   4.54   0.16   1560
LURC023   12   14   2   1487   SOIL   0.25   585   547   3.92   0.27   3630
LURC023   14   16   2   1488   SOIL   0.8   178   400   4.61   2.29   1960
LURC023   16   18   2   1489   SBX   0.25   104   318   6.58   7.78   1650
LURC023   18   20   2   1491   SBX   0.25   50   329   6.09   9.82   1150
LURC023   20   22   2   1492   SBX   0.25   50   320   5.82   11.20   856
LURC023   22   24   2   1494   SBX   0.25   43   288   5.66   10.50   618
LURC023   24   26   2   1495   SBX   0.25   39   283   5.55   11   648
LURC023   26   28   2   1497   SBX   0.5   33   212   5.58   11.1   621
LURC023   28   30   2   1499   SBX   0.25   30   48   4.92   11.05   494
LURC023   30   32   2   1500   SBX   0.25   28   39   5.06   10.85   442
LURC023   32   34   2   1501   SBX   0.25   24   16   5.2   11.3   483
LURC023   34   36   2   1502   SBX   0.25   26   13   4.93   11.45   687
LURC023   36   38   2   1504   SBX   0.25   47   370   5.09   10.45   1330
LURC023   38   40   2   1505   SBX   0.25   65   254   3.05   10.2   1505
LURC023   40   42   2   1506   SBX   0.25   70   164   1.85   11.55   1355
LURC023   42   44   2   1507   SBX   0.25   39   100   2.7   9.69   665
LURC023   44   46   2   1509   SBX   0.25   68   211   2.07   10.75   1530
LURC023   46   48   2   1510   SBX   0.25   88   393   2.14   11.3   1800
LURC023   48   50   2   1511   SBX   0.25   77   869   2.37   10.4   1820
        EOH                                    
BHID   FM   TO   THICK   SNO   GEOLOGY   Ag
ppm
  Co
ppm
  Cu
ppm
  Fe
%
  Mg
%
  Mn
ppm
LURC024   0   2   2   1512   SOIL & SLT   0.25   43   387   8.6   0.36   262
LURC024   2   4   2   1513   SOIL & SLT   0.25   36   336   8.13   0.31   225
LURC024   4   6   2   1515   SOIL & SLT   0.25   22   327   8.05   0.28   268
LURC024   6   8   2   1516   SOIL & SLT   0.25   20   306   8.02   0.27   277
LURC024   8   10   2   1518   SOIL & SLT   0.25   19   313   7.92   0.27   276
LURC024   10   12   2   1519   SOIL & SLT   0.25   20   281   7.55   0.27   271
LURC024   12   14   2   1520   SOIL & SLT   0.25   27   277   8.2   0.28   261
LURC024   14   16   2   1521   SOIL & SLT   0.25   19   233   12.85   0.24   327
LURC024   16   18   2   1522   SOIL & SLT   0.25   33   271   9.35   0.22   298
LURC024   18   20   2   1523   SOIL & SLT   1.8   86   566   10.1   0.22   4130
LURC024   20   22   2   1524   SOIL & SLT   0.8   208   384   6.79   0.22   3690
LURC024   22   24   2   1525   SBX   0.25   334   445   6.61   2.62   5420
LURC024   24   26   2   1527   SBX   0.5   97   302   5.28   5.96   3300
LURC024   26   28   2   1528   SBX   0.6   122   467   4.5   5.26   3410
LURC024   28   30   2   1529   SBX   3.2   780   3670   14.2   1.18   19350
LURC024   30   32   2   1531   SBX   1.2   199   759   5.93   5.77   4970
LURC024   32   34   2   1532   SBX   0.5   117   415   3.67   7.28   2270
LURC024   34   36   2   1533   SBX   0.8   116   643   4.48   7.33   3380
LURC024   36   38   2   1535   SBX   0.5   99   694   3.89   6.82   2620
LURC024   38   40   2   1536   SBX   0.25   83   547   3.25   7.31   2100
LURC024   40   42   2   1538   SBX   0.7   124   1300   4.79   6.39   3850
LURC024   42   44   2   1539   SBX   0.9   100   1120   4.34   7.23   3530
LURC024   44   46   2   1540   SBX   0.6   86   669   3.88   6.88   1970
LURC024   46   48   2   1541   SBX   0.6   73   454   3.38   7.62   1280
LURC024   48   50   2   1542   SBX   0.9   89   615   3.72   8.48   1605
        EOH                                    

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information