The Kasombo Project comprises three mineralised areas of circa 600 hectares, Kasombo 5, 6 and 7, located within two granted mining licenses.
Fe Limited has recently undertaken geological mapping and sampling works.
Recently completed mapping works were conducted on Kasombo 6 and 7 with further mapping of Kasombo 5 ongoing.
A report on the mapping works is complete and a small preliminary reverse circulation drill program has been designed.
Mapping revealed two styles of mineralisation
The mapping showed two styles of mineralisation, the first conforming to mineralisation typical of deposits of the Katanga Copper Belt.
The second style suggests a cross-cutting breccia style, which provides the potential for a significantly larger deposit size.
Samples collected show grades of up to 6.99% cobalt
The company also collected twenty samples during the mapping program, predominantly from Kasombo 7.
Assay results showed high grades of cobalt with the highest grade assays being 6.99% cobalt and 1.57% cobalt.
Tony Sage, chairman, said: “I am pleased to see that exploration works are now progressing at Kasombo and I am confident that the preliminary drill program will begin to reveal the full potential of the Kasombo area.”