Perth, Feb 1, 2008 AEST (ABN Newswire) - Kasbah Resources Limited (ASX: KAS) is pleased to present its Quarterly Activities Report for the period ending 31st December 2007.
For the complete report, please visit this link:
http://www.kasbahresources.com/pdfs/QuarterlyReportDec0731Jan08.pdf
1.0 ACHMMACH TIN PROJECT
1.1 Exploration Activities for the Quarter
Ground reconnaissance continued during the quarter and Phase 1 diamond drilling commenced on 4th November. Ground reconnaissance included detailed structural mapping and initial rock chip sampling of the eastern zone of the project, proximal to high grade shallow tin mineralisation defined previously by ONHYM. The purpose of this sampling and drilling is to define if the shallow tin mineralisation (as defined by the ONHYM diamond drilling) extends to the surface in this area and if an economic open pit resource can be defined.
Surface sampling was undertaken over part of the ridge. During the quarter 600 rock chip samples were taken and analysed in an ISO accredited laboratory at Marrakech. 1424 rock chip samples have been collected since August 2007 and assays are pending for 516 samples. The rock chip sampling has been successful in identifying mineralised tin veins at surface, but is only partially complete.
Phase 1 drilling to date has been carried out only in the eastern area of the prospect with the balance of phase 1 work to cover the other areas already identified for drilling. It will not possible to determine the outcome of phase 1 until all of the planned work has been completed.
The best mineralised rock chip sample in this area returned 5.66% Sn.
------------------------------Sample No Sn% NORTH WEST------------------------------KAS0021 5.66 3715233 243838KAS0942 5.63 3715222 243825KAS0114 5.04 3714857 243785KAS0024 4.68 3715231 243841KAS0023 3.94 3715231 243839KAS0101 3.40 3714852 243785KAS0581 3.13 3714916 244150KAS0017 3.05 3714925 243899KAS0765 2.54 3714999 243957KAS0766 2.48 3714983 243959KAS0022 1.78 3715232 243839KAS0943 1.74 3715220 243819KAS0525 1.53 3714888 244133KAS0941 1.53 3715227 243831KAS0582 1.35 3714915 244150KAS0580 1.33 3714922 244152KAS0660 1.27 3714999 244194KAS0757 1.25 3715010 243983KAS0588 1.16 3714920 244145KAS0940 1.08 3715228 243834KAS0767 1.08 3714988 243950KAS0762 0.99 3715001 244181KAS0100 0.91 3714849 243791KAS0448 0.82 3714884 244044KAS0756 0.77 3715025 243993KAS0110 0.70 3714856 242985KAS0089 0.69 3714827 243777KAS0759 0.67 3714994 244193KAS0871 0.57 3714887 243965KAS0025 0.57 3715004 243890KAS0952 0.50 3714975 243938KAS0771 0.50 3714841 243033------------------------------
TABLE 1 - ACHMMACH ROCK CHIP SAMPLES - EAST ZONE REPORTING ABOVE 0.50% Sn
Since drilling commenced on the 4th November 2007, 2,385.2 metres of HQ diamond drilling have been completed, and in the 5 holes from which assays are available no significant tin (>0.05% Sn) has been reported.
Kasbah holes AD001 and AD002 were collared south of the mineralised veins and drilled towards the south and AD001 intersected weakly anomalous tin mineralisation (18m @ 0.02%Sn).
Wide anomalous gold intersections have been encountered in holes AD004 (30m @ 0.62g/t) and AD005 (24m @ 0.06g/t) but their significance remains open until further drill and surface sampling results are to hand..
A further 5 holes (AD006 - AD010) have been sent to Marrakech and assays are pending.
An additional exploration update will be made when all 12 holes have been assayed for tin and gold.
Dr. Spero Carras and Dr. Don Findlay have commenced a detailed structural review of the Achmmach Project.
Office and on-site camp accommodation was built and commissioned during the quarter. This is now the exploration base at Achmmach and will be used to support exploration at El Karit and other regional targets.
EL KARIT TIN PROJECT
2.1 Exploration Activities for the Quarter
The collection of bulk samples from the hard rock veins at El Karit for grade determination and metallurgical test work was undertaken during the quarter. The purpose of this sampling was to better define the grade of the hard rock material and these samples have been sent back to Australia for assaying and further test work.
In addition a scoping study on the Tafer Elhaj Eluvial deposit (within the El Karit license area) was completed during the quarter. This study identified that the eluvial project was of inadequate grade to justify further development within the current project parameters.
Within the El Karit tenements there are two possibilities for project development that are being evaluated:
- Small-scale (250,000tpa), open pit at El Karit
- Surface eluvial mining at Tafer Elhaj
TAMLALT GOLD DEPOSIT
The Tamlalt gold deposit mining property is covered by eight exploration permits covering a total surface area of 128 km2.
3.1 Exploration Activity for the Quarter
Dr. Spero Carras and Dr. Don Findlay have commenced collating all the data on Tamlalt Project. Structural interpretation of the project has commenced.
3.2 Project Overview
At Tamlalt ONHYM had previously completed preliminary exploration work including 33 diamond drill holes totaling 7,019m. The ONHYM drilling shows that the Tamlalt deposit consists of a multiple-veined quartz system developed within a chlorite-sericite altered folded porphyritic body.
Within the 400m of strike length that has so far been drill-tested, gold mineralisation has been intersected to within 12m of the surface and to a maximum depth of 360m vertical from surface. Preliminary modeling of the ONYHM data has shown the possibility for pittable mineralisation should the previously drilled area be confirmed and expanded at Tamlalt.
CORPORATE
Management Team
During the quarter Kasbah appointed Ms Malika Rafiq to our Management Team. Ms Rafiq has extensive experience in Morocco in the mining, commercial and government sector and will be Kasbah's Moroccan based Corporate and Community Relations Manager.
The Company is in the process of recruiting an in country exploration manager following the resignation of the previous Australian based incumbent.
During this important phase of the Company's development the Managing Director, Wayne Bramwell, has re-located to Morocco.
Capital Structure and Major Shareholders
The total number of ordinary fully paid shares quoted on the ASX at 31 December was 73,208,000. The top 20 shareholders held 74.14% of the stock.
Cash Position
As at 31 December 2007, Kasbah had cash reserves of $8.76 million.
Contact
Wayne Bramwell
Managing Director
Phone: +61 8 9463 6651
Peter Youd
Chief Financial Officer
Phone: +61 8 9463 6651
info@kasbahresources.com
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