CapeTown, South Africa (PRWEB) June 21, 2013
African Copper Corporation (formerly New York Tutor Company) (the “Company”) (Symbol OTC: ACCS) reports that a newly received NI43-101 compliant Technical Report on the Pinette Copper-Silver Project Prospecting Licenses in the Ghanzi District of Botswana, Africa is providing the groundwork for the Company to execute a phased work program on the Pinette.
Company President Andrew Stone states, “Our new NI43-101 Technical Report is helping guide the development on our Pinette Copper-Silver Project. The reinterpretation of data and geological perspective give us the foundation to launch a phased exploration program in order to verify the initial findings. We expect to initiate these programs in two phases beginning immediately. This will also provide us with a better understanding of the potential scale for copper/silver mineralization across the vast Pinette Property.”
African Copper’s Pinette licenses occupy a long corridor within the Ghanzi Copper Belt, covering approximately 390 kilometers by 40 kilometers (11,091 square kilometers). Located within the Ghanzi and Ngamiland Districts of northwest Botswana, the project area extends in a northeasterly direction between the nearby towns of Ghanzi and Maun.
The report was prepared by Daniel C. Leroux, B.Sc, P.Geo. of A.C.A Howe International Limited. Mr. Leroux is a Qualified Person (“QP”) as set out in National Instrument 43-101.
The study and conclusions obtained by African Copper on the Property suggested that the potential exists for the strike extension of copper mineralization hosted within the contacts of the D’Kar and Ngwanko units in nearby Hana Mining’s property to extend northeast within the Pinette PL080/2010 prospecting license area, as well as into other sections of the African Copper Property to the south.
A Two-Phase Work Program
Based on the report and consultation with geological experts, the work program on the Pinette leases is expected to be carried out in two phases and consist of:
Phase 1) Exploration and interpretation of current data and the addition of new data either acquired by airborne high-resolution magnetic survey over both Pinette license areas or more detailed ground geological surveys. This will be used to identify both geological and structural features associated with Kalahari-type copper/silver mineralization.
Any airborne survey or acquired high resolution magnetic survey data is expected to be enhanced by ground geological surveys, soil sampling (suggested at 50 meter intervals to establish mineralized horizons, and soil sampling MMI imaging (magnetic imaging) over specific cross-lines to detect copper mineralization. This may include up to 2,500 soil samples over the area.
Phase 2) Based on the results of the Phase 1 exploration, African Copper Corp. plans to use the data and interpretation in order to select drill targets for a detailed diamond drilling exploration program. The drilling program may include drilling targets over several thousand meters on multiple targets in order to establish the length and depth of copper/silver mineralization.
The entirety of the phased work program will be designed by management with the Company’s Geological Team, consultants and using data gathered from nearby drilling and/or copper/silver production as possible.
About African Copper Corporation
African Copper Corporation is a mineral exploration company seeking to acquire, explore and develop highly prospective metal projects in Africa. Its core projects, located in Botswana, cover approximately 12,468 square kilometers and are in the center of the Kalahari Copperbelt, recognized as one of the largest exploration copper belts in the world. The Company's shares trade under the symbol ACCS-OTC QB.
For more information see: http://www.africancoppercorp.com
Symbol: OTCQB – ACCS
Berlin Symbol: N3T; WKN: A1T7YY; ISIN: US6501182017
Contact: Investor Relations
Tel: +27 (0) 21 680 5207
SAFE HARBOR STATEMENT
This news release contains “forward-looking statements”, as that term is defined in Section 27a of the United States Securities Act of 1933, as amended, and Section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “estimate,” “anticipate,” “believe,” “plan” or “expect” or similar statements are forward-looking statements. Risks and uncertainties for the Company include, but are not limited to, the risks associated with property development and funding as well as the risks shown in the Company’s most recent Annual Report on Form 10-KSB and on Form 10-QSB and in other publicly available information regarding the Company. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the Company’s ability and level of support for its exploration and development activities. There can be no assurance that the Company’s development efforts will succeed and the Company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company’s periodic reports filed from time-to-time with the United States Securities and Exchange Commission.
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