Northcore Project

The Northcore Project is located in the heart of the Zambian copperbelt. It consists of 2,209 km² land package and covers a significant portion of the Lower Roan rock and 95% of Zambia's known copper reserves, are known to be hosted on Lower Roan. Historical findings have provided support that there is significant potential to discover extensive high-grade copper mineralisation in large stratiform deposits. There is also significant existing infrastructure located in the project area including roads, water and power.

Approximately half of the Northcore Project area has been surveyed using aeromag/VTEM in the 2008 exploration program, with the remainder of the property completed by the end of the 2009 season using radio metrics and aeromag. Assay results from recently completed diamond drilling program in 2010 on Targets 17 and 18 within the Northcore Project, confirm the presence of copper mineralization and reflect a continued improvement in copper grades and intercept widths. Mukuba focussed its 2010 exploration program on various high priority targets within the larger exploration license areas on the Northcore Project including a total of 7,602 metres (31 holes) of diamond drilling. Encouraging intersections from numerous boreholes indicate variable copper mineralization from lithologies higher in the sequence. Over the next couple of months Mukuba's team will be interpreting the data in order to plan the 2011 drilling program and prioritize additional targets that have been delineated by the soil sampling program.

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