Fe Ltd. (ASX:FEL) announced the completion of preliminary reverse-circulation drilling at two prospects at its Kasombo copper-cobalt project.
As quoted in the press release:
Kasombo 5 highly prospective for copper and lesser cobalt was drilled with two reverse circulation (RC) holes for a total depth of 149 m, and Kasombo 7 highly prospective for cobalt and lesser copper was drilled with four RC holes for a total depth of 190 m.
Cape Lambert Resources Limited (ASX: CFE) is a major shareholder of FEL holding 40.17% of issued capital.
Assays from the drilling and other sampling are expected from ALS Laboratory of Johannesburg in late January.
Tony Sage, chairman of Fe, commented:
I am pleased that preliminary drilling has been completed, especially during the difficult wet season period of the Congo. This drilling shows our commitment to unlock the potential of the Kasombo area.