Mukuba Resources Limited

Mukuba Resources Limited

September 13, 2010 07:00 ET

Mukuba Confirms Copper Mineralization from Initial Results of Ongoing Drilling Program on the Northcore Project, Zambia

TORONTO, ONTARIO--(Marketwire - Sept. 13, 2010) - Mukuba Resources Limited (TSX VENTURE:MKU) ("Mukuba" or the "Company") is pleased to announce that assay results from the first eight boreholes drilled at Targets 17 and 18 on its Northcore Project confirm the presence of copper mineralization. These results are from the first phase of the Company's 2010 drilling program designed to test anomalies identified from previous induced polarization (IP) surveys and soil sampling. Mukuba has focussed its 2010 exploration program on various high priority targets within the larger exploration license area on the Northcore Project, located southwest of Ndola, Zambia. 

Trevor Richardson, President and CEO of Mukuba Resources commented, "The results are very promising since they correlate well with our previous work and represent the first eight holes of a larger planned program. He added, "In addition to confirming the presence of copper mineralization they provide the data to better understand the geological structure at Northcore and further support our belief in the highly prospective nature of the overall project area. Our technical team will continue to interpret the geological structure and mineralization style to refine drill locations for the remainder of the 2010 drilling program."

The current drill core results represent the first phase of the Company's 2010 drill program, which was designed to test copper anomalies identified from the 2009 IP and soil sampling. A total of 4,783 metres (18 holes) of diamond drilling have been completed to date of the planned 10,000 metre drilling program. Analysis of the samples using a mixed, four acid digest with an AAS finish on the bulked solution is being carried out by SGS Mineral Services (Zambia) in Kalulushi, which is currently awaiting final accreditation following a further inspection in November 2010.

In addition, regional soil sampling across various new target areas within the larger license area has been completed and results are pending. Closer spaced soil grid lines are being planned to better delineate newly identified soil targets and it is anticipated that additional drill targets will be identified and selected based on the level of coincidence between the new soil geochemical survey and airborne geophysical results.

Initial assay results by target area include:

Target 17

Borehole EOH
From (m) To (m) True
Cu (%)
NC017 252.00 21.00 22.50 1.48 0.33
  Including 21.50 22.50 0.98 0.42
    38.00 41.20 2.90 0.56
  Including 39.00 39.50 0.45 0.73
    64.10 66.00 1.79 0.16
    95.02 97.00 1.97 0.12
NC019 203.20 NSR      
NC021 251.70 67.00 68.20 1.15 0.13
NC022 251.80 188.70 189.14 0.44 0.20
NC024 248.80 Pending      
NC026 257.50 Pending      
NC028 251.80        
NC029 248.70 Pending      
NC030 206.75        
NC032 248.80        
Target #17 2 421.05

NSR – No Significant results

NA - Not Applicable as core angles are not measurable in the weathered zone

Target 18

Borehole EOH
From (m) To (m) True
Cu (%)
NC014 306.60 85.00 88.00 1.93 0.16
  Including 87.01 88.00 0.64 0.32
NC016 292.08 11.60 12.60 NA 0.12
    13.60 18.60 NA 0.27
  Including 16.60 17.60 NA 0.33
    53.00 57.12 3.73 0.24
  Including 56.40 57.12 0.65 0.57
NC018 259.95 2.00 3.00 NA 0.12
    19.00 20.00 NA 0.14
    54.60 55.18 0.37 0.17
    55.68 56.20 0.33 0.13
NC020 289.08 2.00 6.00 NA 0.10
    12.00 13.00 NA 0.11
    21.00 23.00 NA 0.11
    31.65 32.89 NA 0.10
    75.43 76.24 0.76 0.27
    104.00 104.75 0.57 0.12
NC023 295.02 Pending      
NC025 298.54 Pending      
NC027 124.70 Not sampled      
NC031 246.58        
NC033 249.68        
Target #18 2 362.23
(#17 & #18)  4 783.28

Qualified Person

Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined by National Instrument 43-101 and oversees Mukuba's exploration programs. Mr. Meyer has supervised and approves the preparation of the technical information contained in this press release.

About the Company

Mukuba is a Canadian mining company focused on the exploration and development of the Northcore Project, which is located in the highly prospective Central African Copperbelt region of Central Zambia. The Northcore Project encompasses approximately 2,274 square km of geologically prospective ground in the Domes Region of the Zambian Copperbelt. The Northcore Project holds an exploration license for both copper and cobalt. Geological mapping, soil sampling and investigation of the historical showings as well as ground-truthing of the geological surveying results have confirmed existing historical geological anomalies, and identified new anomalies. The Company's 2009 exploration program included drilling several of these anomalies and confirmed the presence of copper mineralization.

Forward-looking Information

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our results, planned drilling and future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

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