Mineral exploration startup KoBold Metals Company will commence drilling activities at the Konkola West Copper Project in Zambia this month.
The company will assess deep copper mineralization within the main ore shale, which also hosts large-scale deposits and mining projects including the Konkola and Mingomba Mines.
“The first drill site has been selected, the drill contract has been let, drill site preparation has been completed and equipment mobilisation is in progress,” stated Patrick Cheetham, Executive Chairman of Tertiary Minerals, a subsidiary of KoBold in Zambia.
The announcement follows Kobold securing authorization from Hon. Paul Kabuswe, Minister for Mines in Zambia, to collaborate with Mwashia Resources Ltd – a subsidiary of TMZ – on the exploration license 27067-HQ-LEL for the project.
Additionally, the company has obtained Environmental Impact Assessment approval for the project from the Board of the Zambian Competition and Consumer Protection Commission.
SOURCE:energycapitalpower.com