| Mon 4 Feb 2008, 15:00 | | TEL - Teal Discovers Copper And Cobalt Mineralization At Kalumines` Karu |
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TEL
TEL
TEL - Teal Discovers Copper And Cobalt Mineralization At Kalumines` Karu
Prospect In The DRC
TEAL Exploration & Mining Inc.
Corporate Access Number: 31403
ISIN: CA8781511099
(Incorporated in Yukon, Canada on 1 June 2005)
SA Company Registration Number: 2006/003229/10
JSE share code: TEL
JSE short name: TEAL
TEAL DISCOVERS COPPER AND COBALT MINERALIZATION AT KALUMINES` KARU PROSPECT IN
THE DRC
TEAL Exploration & Mining Incorporated (TSX-"TL") (JSE-"TEL") ("TEAL") has
announced the discovery of copper and cobalt mineralization in the Karu East
block ("the Karu Prospect") some 5km SSE of the Lupoto Copper Project.
Some of the drilling highlights include: 21 metres grading 2.57% copper; and 39
metres grading 3.25% copper, including 15 metres at 0.46% cobalt; and 16 metres
grading 0.33% cobalt.
TEAL`s existing Kalumines mining licence is located 25km north-west of
Lubumbashi in the Democratic Republic of Congo ("DRC"), and covers a surface
area of 77km2. Kalumines is a 60:40 joint venture with La Generale des Carrieres
et des Mines ("Gecamines").
The licence hosts a number of other known surface exposures of significant
copper oxide mineralization; many in close proximity to the Lupoto Copper
Deposit.
The Kalumines licence area covers a large portion of an approximately 9km wide
kite-shaped anticline containing numerous large rafts of the, prospective, Mine
Series stratigraphy.
TEAL`s current focus is to deliver a compliant resource estimation of the Lupoto
Copper Project. TEAL`s exploration program has also identified other surface
expressions of copper and cobalt mineralization. These exploration targets are
being prioritized to add the maximum value to TEAL`s development strategy for
the Kalumines property. As part of this program, the Karu Prospect was tested
by initial exploration drilling and intersected encouraging copper and cobalt
mineralization.
Previous work by Union Miniere du Haut Katanga and Gecamines, mainly geological
pit mapping and sampling, partially outlined a raft of Mines Series stratigraphy
at the Karu Prospect. No mineralization was described. Subsequent informal
mining activities further exposed the Mines Series and limited amounts of cobalt
mineralization were mined. There are currently no informal miners on the
Kalumines licence area.
TEAL undertook an initial reconnaissance reverse circulation ("RC") drilling
program with boreholes spaced 50 metres apart on a single line to assess the
geological potential of Karu. The encouraging results from Karu will be followed
up with further exploration drilling planned to commence in the near future.
Claus Schlegel, Pr. Sci. Nat., TEAL`s Vice President: Exploration and Business
Development, is the "qualified person" for the content of this press release in
terms of National Instrument 43-101.
ends
NOTES:
TEAL is incorporated under the laws of the Yukon, Canada and its common shares
are listed on the Toronto Stock Exchange ("TSX") and the JSE Limited ("JSE").
The common shares of the Company trade under the symbol "TL" on the TSX and
"TEL" on the JSE.
TEAL is a mineral development and exploration company with development projects
and exploration areas in Namibia, Zambia and the DRC. TEAL has a portfolio of
base and precious metal development projects and complementary exploration
areas, and the Company continues to seek other opportunities, mainly in southern
and central Africa
TEAL has targeted specific core projects: the Konkola North Copper Project in
Zambia; the Otjikoto Gold Project in Namibia; and the Kalumines Copper-Cobalt
Project in the DRC. TEAL also has interests in various other mineral licence
areas in Zambia and in Namibia on which the Company continues drilling and other
exploration activities.
ADDITIONAL TEAL INFORMATION CAN BE FOUND AT: www.tealmining.com
For further details contact:
Julian Gwillim (VP: Investor Relations and Corporate Development) on +27 82 4524
389 (SA); or julian@tealmining.com,
or
Rick Menell (President and CEO) on +27 82 450 2301; or rick@tealmining.com.
Monday, February 4, 2008
Date: 04/02/2008 15:00:03 Produced by the JSE SENS Department.
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