Cape Lambert Resources (ASX:CFE) is awaiting results from Fe Limited’s (ASX:FEL) drill program at the Kasombo Copper-Cobalt Project in the Democratic Republic of the Congo (DRC).
Cape Lambert is a major shareholder of Fe Limited holding 40.17% of issued capital.
Tony Sage, chairman, said: “I am pleased that preliminary drilling has been completed, especially during the difficult wet season period of the Congo.
“This drilling shows our commitment to unlock the potential of the Kasombo area”.
The Kasombo Project comprises 600 hectares and is situated circa 25 kilometres from the DRC’s second largest city, Lubumbashi, in the Katanga Copper Belt (KCB).
Assays from drilling/sampling expected in late January
Preliminary drilling works have been completed at two prospects within the Kasombo Copper-Cobalt Project - Kasombo 5 and Kasombo 7.
Kasombo 5 is prospective for copper/cobalt and was drilled with two reverse circulation holes for a total depth of 149 metres.
Kasombo 7 is predominantly a cobalt target exposed by a small pit gouged by artisanal miners.
The prospect was drilled with four reverse circulation holes for a total depth of 190 metres.
Assays from the drilling and other sampling are expected in late January.