TORONTO, Jan. 18 /CNW/ - Mukuba Resources Limited (TSX-V:MKU) ("Mukuba" or the "Company") is pleased to announce that confirmatory drilling on the Chipirinyuma Target within the Nyimba Project area has been completed and that assay results confirm the presence of polymetallic zinc-copper-silver mineralization. In late 2010, Mukuba completed eight, confirmatory boreholes (509.88 metres) within a 2 kilometre portion of the approximate 3.5 kilometre strike length.

Trevor Richardson, President and CEO of Mukuba Resources commented, "This initial drilling program on the Chipirinyuma Target confirmed base metal mineralization and Mukuba's focus in 2011 on Nyimba will be to test the extent of this mineralization. To date, no work has been done to test the lateral or vertical extent of the deposit. Within the Nyimba Project area there are four other distinct areas of mineralization; Lutala Hills, Umba River, Ndake, and Ngambwa and these will also be tested in 2011."

Results from the mineralized borehole intersections confirm polymetallic mineralization hosted in the high grade metamorphic rocks of the Muva Metamorphic Belt. Mr. Richardson added, "Although we will continue to work on the copper potential of the very prospective Northcore Project, these results from Nyimba give us the confidence to move ahead on this exciting base metal prospect."

Chipirinyuma Target - 2010 Drill Assay Results

Borehole From (m) To (m) True Width (m) Cu (%) Zn (%) Ag (g/t) Au (g/t)
NYB001 19.25 19.86 0.53 0.12 1.02 2.00 NSR
  22.18 23.00 0.71 0.14 2.20 2.00 NSR
  41.52 43.56 1.67 0.16 4.08 2.76 NSR
NYB002 41.48 44.06 2.23 0.15 1.10 2.78 NSR
NYB003 7.00 8.00 1.00 0.12 NSR NSR 0.02
  9.00 12.10 3.10 NSR NSR 4.98 0.01
NYB005 12.00 13.00 1.00 0.12 NSR 4.00 0.02
  22.00 24.00 1.88 0.10 1.23 2.00 0.01
NYB006 17.90 23.53 4.31 0.12 3.11 2.82 0.03
  26.00 28.00 1.97 0.07 3.13 3.00 0.02
NYB007 39.48 40.00 0.51 0.10 NSR NSR 0.01
NYB008 39.00 40.36 1.31 0.06 2.79 2.00 0.02

NSR - No Significant Results
Drilled core width assumed as true width in weathered zone

Figure: Location of the boreholes drilled in 2010 on the interpreted geology

All sample results have been received from the laboratory. Analysis of the samples was carried out by Genalysis Laboratory Services. Multi Element analysis using a four acid digest (Code AT/OES) for Ag, Cu, Mo, Ni, Pb and Zn was carried out in Perth, Australia and Au (ppm) using Pb Collection Fire Assay was carried out in Johannesburg, South Africa.

Qualified Person
Mr. Chris Meyer (Pr.Sci.Nat.) is a "Qualified Person" as defined by National Instrument 43-101 and oversees Mukuba's exploration programs. Mr. Meyer has supervised and approves the preparation of the technical information contained in this press release.

About the Company
Mukuba is a Canadian mining company focused on the exploration and development of the Northcore Project, which is located in the highly prospective Central African Copperbelt region of Central Zambia. The Northcore Project encompasses approximately 2,274 square km of geologically prospective ground in the Domes Region of the Zambian Copperbelt. The Northcore Project holds an exploration license for both copper and cobalt. Geological mapping, soil sampling and investigation of the historical showings as well as ground-truthing of the geological surveying results have confirmed existing historical geological anomalies, and identified new anomalies. The Company's 2009 exploration program included drilling several of these anomalies and confirmed the presence of copper mineralization.

Mukuba also has an Option Agreement between Lukusashi and Lunga Resources Limited ("Lunga"), a wholly owned subsidiary of Mukuba Resources Limited. Under the Option Agreement, Lunga has the exclusive option to purchase an 85% interest in the Nyimba Project license rights, which must be exercised by Lunga before July 29, 2012. Lunga may exercise its option at any time before this date by making a onetime payment to Lukusashi of US$1,000,000. In addition, Lunga will pay Lukusashi a monthly retainer of US$10,000 for each month that the option remains in force. In January 2007, Lukusashi Mining Limited ("Lukusashi"), a privately owned Zambian company, was granted the large scale prospecting license for the Nyimba Project area, which has now been updated to comply with the new Zambian Mines and Minerals Development Act, 2008. Mukuba continues to assess historic exploration records which indicate there are five defined areas of mineralization within the 500 square kilometre license area. The most prospective area appears to be Chipirinyuma, where soil sampling by Minex and Rio Tinto defined a surface anomaly measuring 3.5 km by 1.2 km.

Forward-looking Information
Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's future prospects. This press release contains statements about our results, planned drilling and future business and planned activities. These are "forward-looking" because we have used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe or other similar words. We believe the expectations reflected in these forward-looking statements are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with our business or events that happen after the date of this press release. You should not place undue reliance on forward-looking statements. As a general policy, we do not update forward-looking statements except as required by securities laws and regulations.

SOURCE Mukuba Resources Limited

For further information:

Trevor Richardson, President and Chief Executive Officer
Tel: +1 (416) 918 2242; Fax: +1 (416) 603 9200; Email:


Nisha Hasan, Manager Investor Relations
Tel: +1 (416) 368 4013; Fax: +1 (416) 603 9200; Email:

Profil de l'entreprise

Mukuba Resources Limited

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