Mokambo

Project Highlights

• Highly prospective geology
• Copper deposits known from past exploration
• 12km strike of Lower Roan strata
• Eastern limb of the Mufulira Syncline
• Surface exploration and drilling conducted

Location

The Mokambo Project is situated in the Zambian Copperbelt, 90km northeast of Ndola and 15km east of Mufulira, Africa’s biggest underground copper mine. The licence forms a narrow strip 17km long and up to 2km wide running along the border between Zambia and the Democratic Republic of Congo (DRC).

African Eagle interest

In November 2008, African Eagle gained an 87% interest in the Mokambo project after its joint venture partner, Copperbelt Minerals Limited, agreed to reduce its interest in Mokambo from 50% to 13%. Copperbelt also granted African Eagle the right at its sole option, to buy the residual interest. An area of 400 hectares in central Mokambo is subject to a small-scale mining licence held by a Zambian company, over which Toronto-listed ICS Copper Systems Inc holds an option.

Geology

Much of the project area is underlain by the highly prospective Lower Roan geological unit which hosts most of the world class deposits in the Central African Copper Belt. The Lower Roan rocks are well exposed for at least 12km along strike through the Mokambo project area, forming a ridge up to 30m high.

The project lies on the eastern limb of the Mufulira syncline, the western limb of which contains the world class Mufulira copper deposit which has produced more than 9Mt of copper since 1933.

Exploration History

The area was investigated in the 1950s by a team from Mufulira and in the 1970s by Geomin, a Romanian group. Geomin estimated that the area holds a global endowment of some 41Mt grading 1.7% copper.

Copper mineralisation has been intersected by drilling in the Mokambo South Zone over a strike length of at least 1km, to a maximum depth of 430m. Based on the results reported from these drill holes, the average grade is 2.4% copper over an average thickness of 4.6m indicating a deposit of 6Mt. Similarly, the Mokambo North Zone was estimated to contain at least 3.8Mt @ 1.7% copper.

Since acquiring the project in August 2007, African Eagle has completed a 3000m drilling programme, soil geochemical surveys, geological mapping and geophysical surveys. It has also digitised maps and sections, and re-logged and re-assayed drill cores from the exploration carried out in the 1960s.

Current Status

African Eagle’s exploration has been designed to confirm the historical results as well as to search for possible extensions up and down dip or along strike and to test the potential for oxide mineralisation. Mineralised intercepts from the drill programme, at a 1% copper cut-off, include:

African Eagle is currently seeking to joint venture this project with a suitable development partner.

Mufulira syncline geological sketch section [Enlarge]

Mokambo geological sketch map [Enlarge]

Geological mapping

Mokambo drilling intercepts Enlarge diagram

Boundary post on DRC frontier

Mokambo fact sheet - January 2009
(PDF - 1.38MB)