• About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting
Stock Market Hour
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Stock Market Hour
No Result
View All Result
Home Investing

Preliminary data of Butembo Copper prospect, with near surface high-grade copper oxidized ore with grades of up to 18%

StockMarketHour by StockMarketHour
October 1, 2025
in Investing
0
Preliminary data of Butembo Copper prospect, with near surface high-grade copper oxidized ore with grades of up to 18%
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

African Discovery Group (OTC:AFDG) (“AFDG” or the “Company”) has entered into a term sheet to acquire the Butembo Copper exploration license in the Democratic Republic of Congo (DRC) by acquiring 100% of the shares of SOCIETE GRABIN MINING SAS (the “Transaction”). The Butembo Copper project is a greenfield exploration project located in the North Kivu province of the Democratic Republic of Congo. 40km south of the provincial capital of Beni. The project is located 33km west of the Ugandan border with verified road and rail access to the port of Mombasa.

The area is generally underexplored relative to the well-known copper belts of the Katanga copper belt to the south – however the Mesoproterozoic Kibalian greenstone belt is known for its tungsten-tin-gold occurrences, and it hosts the well-known Kilembe Mine nearby which has produced substantial quantities of both copper and cobalt

According to Rio Tinto, African deposits make up eight out of the 10 highest grade deposits discovered since 1990. The recent discovery of the Butembo copper deposit has underscored the need for further exploration work in areas peripheral to the Katanga Copper Belt.It is important to note that the artisanal pits initially targeted and extracted alluvial gold in the surficial gravels that overly the schists hosting the copper mineralization.The implication is that Butembo is prospective for both gold and copper.

The Butembo discovery is a near surface high-grade copper oxidized ore with measured grades of up to 18% with depth and lateral extension potential of over 5km along strike. The project is located at the base of the Ruwenzori mountains and borders Virunga National Park. There is extensive artisanal activity for both copper and gold and by extension a thriving small scale minerals industry exists in Butembo going back years. Regolith clay samples to the north have tested positively for copper – this is interpreted as a positive indicator of a northern extension to Butembo.

The artisanal and first phase exploration pits around the flood plain of the Talehya River, which runs through the concession, have been tested over an initial 500m of strike length – and the results have been positive with one of these analyses reporting the 18% Cu mentioned above as well as 16.3% in another exploration pit.

The deposit is in the vicinity of the historic Kilembe copper mine (4 million tons) across the border in Uganda whose sulphide mineralization occurs within biotite schists thought to have formed by hydrothermal fluids during early tectonic cycles that were trapped in structurally favorable impermeable locations. This offers a unique insight into the potential geological controls of the Butembo deposit. Mineralization is structurally controlled, occurring along northeast-trending shear zones and folds that facilitated hydrothermal fluid flow. The primary ore minerals include chalcopyrite, pyrite, and linnaeite, forming massive sulfide lenses and disseminated zones.

The Butembo deposit holds a strategically advantageous location, benefiting from proximity to regional infrastructure, which includes electrical power being available within reach of the project boundary. The site is located close to the Ugandan border, offering access to the East African transport corridor. This includes road and rail connections through Uganda to the port of Mombasa, Kenya—providing a viable export route for future development.

The combination of surface high-grade mineralization, artisanal activity, infrastructure access, and strategic location positions the Butembo Copper Project as a high-potential target for early-stage exploration and resource delineation.

Source

This post appeared first on investingnews.com

Previous Post

Institutional Investment

Next Post

War Department pushes back on ‘false’ narrative of internal strategy split

StockMarketHour

StockMarketHour

Next Post
War Department pushes back on ‘false’ narrative of internal strategy split

War Department pushes back on ‘false’ narrative of internal strategy split

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest
Iranian Rapper Toomaj Salehi Faces Death Sentence for Speaking Out

Iranian Rapper Toomaj Salehi Faces Death Sentence for Speaking Out

May 6, 2024
‘Fox News Delivers Shocking Blow to Republicans’ case against Biden!’

‘Fox News Delivers Shocking Blow to Republicans’ case against Biden!’

September 26, 2023
CHARBONE Powers Up: Ready to Debut First Green Hydrogen Facility & Secures Offer for Hydro Project Assets

CHARBONE Powers Up: Ready to Debut First Green Hydrogen Facility & Secures Offer for Hydro Project Assets

May 2, 2024
Tesla’s Supercharger Team Slashed by Musk: What’s in Store for America’s EV Network?

Tesla’s Supercharger Team Slashed by Musk: What’s in Store for America’s EV Network?

May 6, 2024
Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

0
“2,000 Workers Sent Home: General Motors Plant Goes Idle as Strike Intensifies

“2,000 Workers Sent Home: General Motors Plant Goes Idle as Strike Intensifies

0
“The Lofty Price of Olive Oil: Record Highs Spark Cooking Oil Thefts

“The Lofty Price of Olive Oil: Record Highs Spark Cooking Oil Thefts

0
“Joint Chiefs Chair Confirmed Despite Tuberville Blockade: Senate Breathes Sigh of Relief!

“Joint Chiefs Chair Confirmed Despite Tuberville Blockade: Senate Breathes Sigh of Relief!

0
Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

October 3, 2025
UPS Batteries For Explosive (EX & ATEX) Environments

UPS Batteries For Explosive (EX & ATEX) Environments

October 3, 2025
Locksley Advances Multiple Antimony & REE Workstreams

Locksley Advances Multiple Antimony & REE Workstreams

October 3, 2025
Reagan-appointed judge, once rebuked by Supreme Court, continues to lambaste Trump

Reagan-appointed judge, once rebuked by Supreme Court, continues to lambaste Trump

October 3, 2025

Recent News

Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

Locksley Resources LimitedAdvances Multiple Antimony and REE Workstreams

October 3, 2025
UPS Batteries For Explosive (EX & ATEX) Environments

UPS Batteries For Explosive (EX & ATEX) Environments

October 3, 2025
Locksley Advances Multiple Antimony & REE Workstreams

Locksley Advances Multiple Antimony & REE Workstreams

October 3, 2025
Reagan-appointed judge, once rebuked by Supreme Court, continues to lambaste Trump

Reagan-appointed judge, once rebuked by Supreme Court, continues to lambaste Trump

October 3, 2025

Disclaimer: StockMarketHour.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

Copyright © 2025 StockMarketHour. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 StockMarketHour. All Rights Reserved.