Exploration - DRC
The DRC has been Anvil’s key focus for exploration which has resulted in the discovery and definition of significant copper resources in what is the world renowned Congo Copperbelt. Past drilling programs have succeeded in discovering high copper grade oxide and sulphide deposits at Kinsevere and interesting copper-cobalt drilling results on the Mutoshi property.
Over the past 3 years, Anvil's exploration programs in the DRC were focussed mainly on the Kinsevere copper-cobalt project in order to evaluate the full extent of oxide copper resource potential at Tshifufia, Tshifufiamashi and Kinsevere Hill.
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In late 2009, the Company significantly reduced its exploration effort and expenditure.
Also, at the end of 2009, the Company further reduced its interest in non-core exploration projects, finalising the disposal of the Itogon project in the Phillippines, completing a second earn-in agreement in connection with tenements held in the Kalemie district located near Lake Tanganyika in the DRC and divested its interest in the Dikulushi tenements. More information
