Kinti Mining Limited Announces Chipupushi Exploration Data
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TORONTO--(Business Wire)--
Kinti Mining Limited is pleased to announce positive drilling data on its
recently acquired Chipupushi Uranium-Copper Prospect in the Lufwanyama District,
of the Copperbelt Province, in Zambia.
The tenement is approximately 500 km2 and is immediately adjacent to the west of
Kinti Mining`s Nchinke property (PLLS 368).
A radiometric airborne survey was completed in 1969, following up the results of
earlier reconnaissance work and radiometric anomalies were identified in the
south of the area. The anomaly is 1,200 meters long with up to 6,000 ppm of
copper (Cu).
Two diamond drill holes were completed in early 1970. Hole MP 490 intersected
promising copper and uranium values as follows: @0.6m 0.7% Cu and 0.88% U308;
@2.4m 1.82% Cu and 0.15% U3O8; @4.9m 0.67% Cu and 0.04% U3O8.
Upon reviewing the geological survey report and drilling results of the 1,200
meter anomaly, Kinti`s consulting geologists believe that the uranium
mineralization is probably hosted in the copper sulphide ore body similar to the
Lumwana deposit mined by Equinox Minerals.
ABOUT KINTI MINING LIMITED
Kinti Mining Limited is a mineral exploration company with an overriding focus
on uncovering and assembling undervalued resource properties or companies. With
such inventories it expects to build stakeholder wealth through the public
markets, along with being able to offer other public companies properties on a
wholesale basis in exchange for a combination of company stock and/or cash.
Some of the information included in this press release and other documents by
Kinti Mining Limited ("KINTI") may contain forward looking statements. Such
statements are based on KINTI's current beliefs and expectations about future
events and include statements that reflect management's beliefs, plans,
objectives, goals, expectations, anticipations and intentions with respect to
KINTI's financial condition, results of operations, future performance and
business, including statements relating to KINTI's business strategy andcurrent
and future development plans. Factors that could cause actual results to differ
materially from projections include, among others, precious metals prices,
unanticipated grade, geological, metallurgical, processing or other problems,
changes in project parameters as plans continue to be refined, economic and
market conditions, as well as other factors described elsewhere in this press
release or any other filings submitted by KINTI. In addition, acquired royalty
interests on certain projects are subject to risks associated with conducting
business in a foreign country, including application of foreign laws to contract
and other disputes, foreign environmental laws and enforcement and uncertain
political and economic environments. Most of these factors are beyond the
Company's ability to predict or control. The Company disclaims any obligation to
update any forward-looking statement made herein.
Kinti Mining Limited
Michael Cichon, VP Operations, 416-216-4630
http://www.kintimining.com
Copyright Business Wire 2009
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