Located in central Zambia, the Kabwe Mine was among the world’s richest zinc and lead producers, operating from 1904 to 1994. Shuka Minerals says its initial drilling so far indicates ore body results that far exceed historical averages.
London AIM and JSE-listed Shuka Minerals, an African-focused mine operator and developer, said Wednesday it has completed its fifth drill hole at the No. 2 ore body at the Kabwe Zinc Mine in Zambia, and the sixth drill is underway.
“Having had a 100% hit rate at our No. 2 ore body, with results far exceeding historical averages, we turn our focus to other highly prospective areas of Kabwe. I look forward to updating shareholders as the results are received from the balance of Phase 1 drilling,” Shuka’s CEO Richard Lloyd said in a statement on Wednesday.
The fifth diamond drill hole was planned as a deep hole and was designed to intersect the ore body at about 320-350 metres depth and to test the western limb of the originally projected orebody.
Historical plans show remaining medium to high-grade blocks to a depth of 1650 feet (550 m) depth, with mine development at these depths.
