Mukuba Resources Limited

Mukuba Resources Limited is a Canadian exploration and development company with African base metal assets. The Company is currently focused on the exploration and development of its 100% owned 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 near significant infrastructure. Licensed for both copper and cobalt; geological mapping, soil sampling, investigation of the historical showings, ground-truthing of the geological surveying results and drilling carried out by the Company have confirmed existing historical geological anomalies, identified new anomalies and confirmed the presence of copper mineralization.

In September 2010, Mukuba acquired an 85% interest in the exploration license rights to a property near the town of Nyimba, approximately 300 km east of Lusaka, in Zambia. The Nyimba Project is well advanced and substantial exploration work has been completed to date on its polymetallic deposits which hosts zinc, with copper, lead, molybdenum, silver and gold. Mukuba continues to assess historic exploration records which indicate there are five defined areas of mineralization within the 500 square kilometer 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 and drilling by Mukuba confirmed base metal mineralization.

In addition the Company has an Option and Joint Venture Agreement with Benzu Resources Limited to explore and develop a copper and base metals project in the Democratic Republic of the Congo. The Project tenement is situated to the east in a region known as the Katanga Copper Belt and is adjacent to the Tenke-Fungurume mine operated by Freeport McMoRan, Lundin and Gécamines.

Mukuba is led by a dynamic management team that combines technical excellence with several years of operating experience throughout Africa. Mukuba Resources' shares are listed on the TSX Venture Exchange.

Share Price