Feasibility study to begin on copper-cobalt deposit
Trillion Resources Ltd TLQ
Shares issued 22,364,500 May 15 close $1.25
Tue 19 May 98 News Release
See Melkior Resources Inc (MKR) News Release
Mr. Jens Hansen reports
Melkior Resources has completed a technical and administrative visit to
Kinshasa and Lubumbashi, Congo. Jens Hansen, P. Eng., president of both
Trillion Resources and Melkior, was accompanied by Dominic LeBlanc, the
company's legal adviser now practicing in New Brunswick following four
years as assistant to Prime Minister Chretien in the Prime Minister's
office. Also present was Doug Casey, a well known speaker and best selling
author of several books including "The International Man" and "Crisis
Investing." Doug Casey is researching a new book on international
investing.
Melkior is the operator of the Trillion-Melkior joint venture in Congo
where Trillion has assigned its obligations to Melkior in return for
back-in rights. The Trillion-Melkior joint venture is operating in Congo in
partnership with Gecamines, the state owned copper-cobalt mining company
which maintains the right to a 51 per cent interest in any projects that
are developed.
The investment climate has substantially improved in the Congo since the
formation of the new government. Private investment is encouraged and
security of investment is emphasized. South African companies are
particularly active. Trillion's operating base in nearby Zimbabwe places
the group in a particularly advantageous position. Melkior and Trillion
have many years of African operating experience.
Gecamines has formally offered Trillion-Melkior the right to rapidly
develop the Kabolela copper-cobalt deposit. This deposit is one of several
within the joint-venture's government-approved exploration partnership with
Gecamines covering a property of 2,800 square kilometres surrounding the
mining and metallurgy centre of Likasi. The area, at 1,100 metres, has an
agreeable climate, savannah type vegetation similar to Zimbabwe and
excellent infrastructure.
The Kabolela deposit was mined from 1939 to 1945 by Union Miniere, the
predecessor of Gecamines. 439,762 tonnes grading 4.84 per cent copper and
2.38 per cent cobalt were extracted. At today's prices the extracted
minerals have a value of approximately $400-million (U.S.) demonstrating
the value of small, high grade deposits. Three such deposits are currently
being mined by private Congo, Belgian and South African companies in
partnership with Gecamines.
The reported in situ reserve reconfirmed by Gecamines in 1970 and amenable
to open pit mining is 3.7 million tonnes of ore grading 3.8 per cent copper
and 0.7 per cent cobalt. Melkior has undertaken metallurgical studies on a
200 kilogram sample, which graded 8.12 per cent copper and 0.83 per cent
cobalt. Leaching tests returned 90 per cent recovery for copper and 50 per
cent recovery for cobalt. In a 1970 drill program undertaken by Gecamines,
29 holes were drilled for a total of 5,857 metres. As indicated in the
table below, interesting values for copper and cobalt content were
obtained.
Gecamines and Trillion-Melkior wish to proceed as rapidly as possible to
production at Kabolela. A full feasibility study on the exploitation of
this deposit will begin as soon as possible with confirmation drilling. The
partners will use the cash flow generated at Kabolela to accelerate their
exploration activities on this property.
Particularly in light of the technological advances of the last 50 years,
substantial exploration potential exists on the Kabolela trend.
Melkior-Trillion have therefore begun detailed exploration of selected
magnetic and uranium anomalies within the 2,800 square kilometre property
in the search for new deposits, in addition to working on other known
copper-cobalt deposits.
COPPER - COBALT ASSAY RESULTS FROM
KABOLELA DRILL PROGRAM - 1970
SECTION From To Length Copper
& HOLE (m) (m) (m) (%)
T-137.5
KB-120 43.7 99.4 55.7 1.4
KB-114 115.6 155.3 39.9 0.8
T-237.5
KB-125 40.6 80.5 39.9 2.6
Including 10.0 7.9
KB-128 68.0 116.9 48.9 3.4
including 14.0 9.2
KB-132 212.0 251.1 39.1 1.9
T-337.5
KB-124 33.0 57.0 24.0 1.1
T-437.5
KB-104 13.0 35.8 22.8 1.6
KB-143 185.8 227.0 41.2 1.3
KB-122 55.6 74.6 19.0 0.5
T-537.5
KB-101 17.0 66.5 49.5 2.1
KB-129 31.0 57.0 26.0 1.2
T-637.5
KB-102 1.0 16.9 15.9 1.1
42.0 60.7 18.7 1.0
KB-136 83.4 90.2 6.8 2.0
108.5 113.4 4.9 5.3
KB-126 9.0 73.2 64.2 1.6
T-737.5
KB-112 76.3 88.4 12.1 2.3
88.4 95.1 6.7 1.9
KB-123 17.0 104.4 87.4 1.4
T-837.5
KB-111 84.0 167.3 83.3 2.7
KB-110 21.0 67.4 46.4 1.5
KB-116 60.0 114.8 54.8 4.4
KB-117 58.7 73.4 14.7 3.0
KB-105 104.6 115.0 10.4 1.2
T-937.5
KB-107 0.0 64.0 64.0 1.5
KB-121 6.0 63.0 57.0 3.2
KB-108 15.0 86.0 71.0 4.9
including 31.0 9.5
KB-118 49.0 131.4 82.4 2.6
including 26.4 4.1
T-1037.5
KB-113 79.6 88.7 9.1 2.3
101.0 109.0 8.0 1.1
KB-119 25.0 101.3 76.3 1.7
0.0 52.0 52.0 2.8
KB-115 75.0 90.0 15.0 1.2
0.0 14.0 14.0 2.6
COPPER - COBALT ASSAY RESULTS FROM
KABOLELA DRILL PROGRAM - 1970
SECTION From To Length Cobalt
& HOLE (m) (m) (m) (%)
T-137.5
KB-120 43.7 99.4 55.7 1.0
KB-114 115.6 155.3 39.9 0.3
T-237.5
KB-125 40.6 80.5 39.9 1.3
Including 10.0 2.4
KB-128 68.0 116.9 48.9 1.6
including 14.0 4.0
KB-132 212.0 251.1 39.1 1.1
T-337.5
KB-124 33.0 57.0 24.0 0.3
T-437.5
KB-104 13.0 35.8 22.8 0.3
KB-143 185.8 227.0 41.2 0.6
KB-122 55.6 74.6 19.0 0.3
T-537.5
KB-101 17.0 66.5 49.5 0.6
KB-129 31.0 57.0 26.0 0.2
T-637.5
KB-102 1.0 16.9 15.9 0.3
42.0 60.7 18.7 0.2
KB-136 83.4 90.2 6.8 0.1
108.5 113.4 4.9 0.1
KB-126 9.0 73.2 64.2 0.2
T-737.5
KB-112 76.3 88.4 12.1 0.2
88.4 95.1 6.7 0.1
KB-123 17.0 104.4 87.4 0.1
T-837.5
KB-111 84.0 167.3 83.3 0.3
KB-110 21.0 67.4 46.4 0.1
KB-116 60.0 114.8 54.8 0.2
KB-117 58.7 73.4 14.7 0.1
KB-105 104.6 115.0 10.4 0.2
T-937.5
KB-107 0.0 64.0 64.0 0.1
KB-121 6.0 63.0 57.0 0.1
KB-108 15.0 86.0 71.0 1.0
including 31.0 2.2
KB-118 49.0 131.4 82.4 0.2
including 26.4 0.4
T-1037.5
KB-113 79.6 88.7 9.1 0.3
101.0 109.0 8.0 0.2
KB-119 25.0 101.3 76.3 0.2
0.0 52.0 52.0 0.2
KB-115 75.0 90.0 15.0 0.2
0.0 14.0 14.0 0.2
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