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Market: ASX
Sector: General Mining - Gold
EPIC: BFE
Latest Price: A$0.08  (0,00%)
52-week High: A$0.16
52-week Low: A$0.08
Market Cap: A$12.63M
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Black Fire Minerals
www.blackfireminerals.com.au

Black Fire Minerals' (ASX: BFE) corporate strategy includes a Mining House structure that allows both direct participation in and investment within the resources industry. The company's primary commodity focus is gold, copper and strategic minerals.

 

Black Fire currently has three active projects, the Longonjo Rare Earth (REE) Project in Angola, the Mystique Gold JV in Western Australia and the Karibib Lithium Project in Namibia, and is actively assessing new opportunities in Australia, Asia, the Americas and Africa.

Pdf

Black Fire Minerals set to infill Vale copper silver drill holes in DRC

13th Oct 2011, 1:09 am

Black Fire Minerals (ASX: BFE) is on track to begin definition drilling at the Kangeshi Copper-Silver Project in the Democratic Republic of the Congo in early November 2011.

Project manager Rift Valley Minerals has secured a diamond drilling contractor to undertake the first program of resource definition drilling at Kangeshi.

Holes drilled by Brazilian major Vale in 2008 intersected significant copper-silver mineralisation in a shallowly dipping sedimentary horizon over 5 kilometres of strike.

Intersections from Vale’s drill holes in the Black Fire target area included 11 metres at 1.1% copper and 23.6 grams per tonne (g/t) silver, 10.5 metres at 1.2% copper and 22.6 g/t silver, 4.7 metres at 1.42% copper and 37.2g/t silver.

These intersections form the basis of Black Fire’s initial exploration target for Kangeshi of 25-35 million tonnes at 0.8-1.2% copper and 15-20g/t silver.

The drilling program at Kangeshi will comprise up to 5,000 metres of drilling 45 holes, to be drilled as an infill pattern around broadly spaced holes drilled by Vale in 2008.

The drill program is expected to take approximately three months to complete, with the aim of providing sufficient information for an initial JORC resource estimate, which is expected to be completed in the first half of 2012.

Kangeshi is the most advanced of Black Fire’s five prospects defined to date, and looks to have strong potential to deliver a significant bulk tonnage, moderate grade copper-silver deposit.

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