Africo Resources Ltd.

Africo Resources Ltd.

June 23, 2011 19:01 ET

Africo Re-Commences Core Drilling Program on its Kalukundi Copper and Cobalt Project in the Katanga Province, DRC

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2011) - Africo Resources Ltd. (TSX:ARL) ("Africo") is pleased to announce that it has recommenced drilling at its Kalukundi property in the Katanga Province, DRC.

The initial programme of borehole drilling will focus on the Principal and Anticline Fragments of the property where the highest grades of copper and cobalt were encountered during our last exploration activities conducted in 2008 and 2009. An initial programme of 4,000 metres of drilling is planned as infill drilling to confirm continuity and grade of the currently defined geology and mineralization and to search for extensions of the known mineralization.

In addition, a programme of shallow drill holes is planned for the Kii and Kalukundi Fragments as soon as a smaller portable drilling rig can be secured. This drilling will be focused on defining the grade of the near surface mineralization on these two fragments with a view to commissioning a preliminary mining plan on the northeast extensions of each of these two fragments.

The Kalukundi project is located 60km to the east of the mining centre of Kolwezi within the Copperbelt of the DRC. Kalukundi is also located only 23km to the west of the major Tenke-Fungurume complex, which is currently in production for Freeport McMoRan Copper Gold Inc.

This news release has been prepared under the supervision of Michael J. Evans, Africo's Consulting Geologist, who is a Qualified Person under National Instrument 43-101 (NI 43-101).

Note for editors:

Africo Resources Ltd. is a Canadian mineral company engaged in developing, acquiring and exploring for base metal and gold assets in Africa. The company's main project is Kalukundi, a development stage copper-cobalt deposit located in the Katangan Copperbelt in the Democratic Republic of Congo (DRC). The development team has an operational base in the DRC, with the company corporate offices located in Vancouver, Canada.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Africo Resources Ltd.
    Chris Theodoropoulos
    +1(604) 646-3225

    Africo Resources Ltd.
    Larry Okada
    Chief Financial Officer
    +1(604) 646-3225