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Conrad's Congo Club / Mining stocks in the DRC

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Conrad's Congo Club / Mining stocks in the DRC




Congo Club Stocks


Affinor Resources Inc (still searching for a website, TSX:AFI)

AFREN http://www.afren.com

African Metals http://www.africanmetals.com

African Rainbow Minerals http://www.arm.co.za

Africo Resources http://www.africoresources.com/

Anvil Mining http://www.anvil.com

Banro http://www.banro.com

BRC Diamond Corp. http://www.brcdiamond.com

Brinkley Mining http://www.brinkley-mining.com

CAMEC http://www.camec-plc.com

Chrometco Ltd http://www.chrometco.co.za

Congo Crest Minerals http://www.congocrest.com

Copper Resources http://www.copperresources.com

Elemental Minerals http://www.elementalminerals.de

El Niño Ventures Inc. http://www.elninoventures.com

First Quantum Minerals http://www.first-quantum.com

Gee-Ten Ventures http://www.gee-ten-ventures.com/

ICS Copper Systems Ltd http://www.icscopper.com/

International Barytex Resources Ltd. http://www.barytex.com/

Katanga Mining http://www.katangamining.com

Kumba Resources http://www.kumbaresources.com

La Quinta Resources http://www.laquintaresources.com

Lindian Resources http://www.lindianresources.de

MagMinerals http://www.magindustries.com

Magnus International Resources http://www.magnusresources.com

Mawson West http://www.mawsonwest.com.au/

Metorex Mining http://www.metorexgroup.com

Mexivada Mining Corp. http://www.mexivada.com (not DRC, but Congo is Congo..;-)

Moto Goldmines http://www.motogoldmines.de

MWANA http://www.mwanaafrica.com

New World Alloys Ltd http://www.newworldalloys.com

Nikanor http://www.nikanor.co.uk

OM-Group Inc http://www.omgi.com

Pangea Diamondfields Plc http://www.pangeadiamondfields.com/

Rockwell Diamonds http://www.rockwelldiamonds.com

Rubicon Minerals http://www.rubiconminerals.com

Scharrig Mining Ltd http://www.scharrig.co.za

Simberi Mining http://www.simberimining.com

SouthernEra http://www.southernera.com

TEAL Mining & Exploration http://www.tealmining.com

Tiger Resources http://www.tigerresources.de

Tullow Oil http://www.tullowoil.com


Hope we can discuss about some Hot Tips with most no geological... but political risk.


DYOR cool.gif

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2007-06-22 14:42 MT - News Release

Mr. Jean Roy reports




El Nino Ventures Inc. has arranged a non-brokered private placement of up to 6.8 million units at a purchase price of 50 cents per unit, for gross proceeds of up to $3.4-million.

Each unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 60 cents for a period of 18 months from closing.

In addition to the above, the company announces a non-brokered flow-through private placement of up to 200,000 units at a purchase price of 50 cents per unit, for gross proceeds of up to $100,000.

Each flow-through unit will consist of one flow-through share and one-half of one non-flow-through share purchase warrant. Each whole warrant entitles the holder to purchase an additional non-flow-through share at a price of 60 cents for a period of 18 months from closing.

A finder's fee of up to 7 per cent may be paid in cash, shares and/or share purchase warrants.

The foregoing is subject to regulatory approval


Think, the new cash is for the DRC licence(s)

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I own some ICS copper


I have added some TSX:SAU Simberi..hope for the Gecamines OK

Newsflow is very rare in this year until now, but the Khandaker Partners Research from the website is hot.

Khandaker also promoted Forsys.


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Capital rising coming soon or not?


June 28 , 2007


Trading Symbol: AFR

African Metals Starts Program on its Properties in the World-Class Katanga Copper Belt


VANCOUVER, BC – Willis W. Osborne, Chief Executive Officer of African Metals Corporation (TSX Venture Exchange: AFR), is pleased to announce the start of exploration on its 8 Kalande copper-cobalt properties, covering 682 square kilometers, along the Katanga copper belt in the Democratic Republic of the Congo (DRC). The Company has an option to acquire an 80% interest in these properties. The Katanga Province hosts the Central African Copper Belt which extends from Angola through the DRC into Zambia. This copper belt is one of the world’s greatest metallogenic provinces containing 34% of the world’s cobalt reserves and over 10% of the world’s copper reserves. Much of the area remains unexplored.


The Company plans a program of regional soil sampling and geological mapping on 2 of the more promising properties to locate possible occurrences of copper-cobalt mineralization. These properties cover large areas of the highly prospective rock of the Roan supergroup which contains more than 230 base metal occurrences within the copper belt. In addition, satellite imagery of the area will be studied to identify target areas in the 6 other properties. As a follow-up, the Company plans to map some of the more interesting targets identified from this study as well as the 3 known copper occurrences on the properties. Copper is presently being mined near one of the boundaries of the properties. This area will also be mapped. In addition, gold is reported to have been recovered by hand miners from 4 tributaries of the Kiete River and to occur in place on a hill in the northern half of Property PR 5145. This will be examined.


Carl Verley (P. Geol.), the Qualified Person pursuant to NI 43-101, has reviewed the contents of this news release.




El Nino options 70% interest in Congo uranium titles


2007-06-28 14:32 MT - Property Agreement


The TSX Venture Exchange has accepted for filing a joint venture agreement dated May 19, 2007, between El Nino Ventures Inc. and GCP Group Ltd. Global Consultant Partners (the vendor), pursuant to which the company has the option to acquire a 70-per-cent interest in the vendor's existing uranium titles and in all new acquisitions which may be obtained by either the company or the vendor within the agreement area enclosing the vendor's existing properties located in the Democratic Republic of Congo.


The total consideration payable by the company to the vendor is $550,000 (U.S.) cash and 700,000 common shares of the company payable over three years ($350,000 (U.S.) cash and 500,000 common shares are payable within the first year). The vendor will retain a 1.5-per-cent net smelter return of which 1 per cent will be assigned to Hassan Sabra.


The agreement also allows for the company to increase its interest from 70 per cent to 90 per cent in increments of 5 per cent at a cost of $1-million (U.S.) per 5-per-cent increment.


Insider/pro group participation: not applicable


For further details, please refer to the company's press release dated May 29, 2007, available on SEDAR

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Translation with Google:





Congo-Kinshasa: Mining companies vis-a-vis the management of the rejections of the mines


The Potential (Kinshasa)


June 26, 2007

Published on the Web on June 26, 2007


Amedee Mwarabu Kiboko



The old mining companies of the DRC, in particular Gecamines, piled up with most extremely of their activities of great quantities of the rejections. If the mining legislation of before 2002 were dumb on the treatment, the current mining Code posed formal bases for its exploitation. With this last, these rejections are requested more and more.


The current mining Code règlemente the management of the rejections of the mines. This regulation follows upon the disorder observed in this field in the various careers of the companies operating in DRC. The mining Code of July 2002 underlines in its explanatory memorandum that “the mining companies installed through the own territory had to exploit the layers with relatively high contents without having a powerful technology. ” It is this state of affairs and the outdatedness of the metallurgical installations which led tovery low rates of recovery. It, consequently, was constituted with time, of enormous parks of rejections or taillings for Gecamines containing 4.016.714 tons of copper, 603.703 tons of cobalt and 1.542.182 tons of zinc, 6.720.000 m3 of rejections for the MIBA with 9.503.000 carats of diamonds; 1.476.000 tons for the OKIMO with 4.4481 kg of gold and 64.364.000 m3 of spoil heaps and sand of decantation with 14.676 tons of cassiterite stored.


With the evolution of new technologies, the reprocessing of all these rejections which constitute in fact, of true artificial layers, became possible. Thus since the end of the last decade, the international mining companies are interested more and more in the exploitation of the mineral substances contained in the solid rejections or liquids resulting from the mineralogical and metallurgical treatments of old mining companies of the country. It is what that one counts several partnerships or joint-ventures concluded between these old companies and the foreign investors for the exploitation from these artificial layers.


However, the ordinance-law n° 81-013 of April 2, 1981 did not organize mineral right being able to allow the legal exploration and the exploitation of these artificial layers. This gap involved blockings, since the backers or the institutions banking subordinated the financing of the projects of exploitation of the rejections in progress, with the production by the companies of joint-ventures of the legal mining titles. Conscious of this need, current mining Code innovated in what it governs the exploitation of the mineral substances contained in the rejections by means of a mineral right called Permis exploitation of the rejections.


This right is noted by a mining title called Certificat of exploitation of the Rejections. The access to the exploitation of the rejections is opened to the holder of a Licence of Exploitation whose artificial layer results from its mineralogical or metallurgical work former. It is also opened to the assignee partial of a Licence of exploitation for the surface on which the rejections and with any applicant person of the rights of exploitation of the artificial layers are which are not any more the object of a Licence of valid exploitation, according to the mining legislation into force.


On the fact, the Licence of exploitation of the rejections confers on its holder the same rights as those of a holder of Licence of exploitation, according to current mining Code. However, this right relates to the surface on which the rejections are piled up and extends to the surface necessary to the installation from the exploitation or treatment plants and their dependences.


It does not extend in-depth. It should be noted that the duration of the Licence of exploitation of the rejections is given according to the feasibility study presented by its applicant and cannot exceed 30 years, but can be the subject of several renewals until the exhaustion of the layer.


The establishment, the deposit, the admissibility and the instruction of a request for Licence of exploitation of the rejections, the conditions of granting or refusal of granting, the expiry, the renewal and the renunciation of the Licence of exploitations of the rejections are identical to those of the Licence of exploitation.

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Congo to audit oil sector, first time in 10 years

Tue 3 Jul 2007, 5:34 GMT



By Joe Bavier


KINSHASA (Reuters) - Democratic Republic of Congo plans an audit of its oil sector to ensure the state is receiving a fair share of revenues, the first such review in at least a decade, the oil minister said on Monday.


Lambert Mende, head of the newly-created oil ministry, said the review would look mainly at whether there should be a renegotiation of the money the country's sole production partner, Perenco, deducts from profits it shares with the government to cover production costs.


Officials of Perenco, a UK-based independent exploration and production company, were not immediately available to comment.


"The charges reduce the profit from oil of which the government receives a part ... If the charges are exaggerated, that cuts into the resources available to the state," he told Reuters in an interview in Kinshasa.


Mende said Congo was negotiating with several independent auditing firms to evaluate both the declared charges and declared production figures. He said he hoped the process would begin in the coming months.


Democratic Republic of Congo produces just 25,000 barrels per day, down from 30,000 barrels a few years ago.


"We don't see much investment. And that worries us because it's because of insufficient investment that production is dropping," Mende said.


"And at the same time, they are declaring investment charges. So we'd like to see things a bit more clearly."


Congo's ministry of mines launched a similar review of existing mining concessions and partnership agreements last month, aimed at ensuring they are legal and fair.


The World Bank and government officials also believe the majority of Congo's current 156 logging titles could be cancelled during an evaluation set for later this year.


Many of the vast central African country's mining and natural resource deals were negotiated during a 1998-2003 civil war or during the three-year transitional period that followed.


A new government installed after President Joseph Kabila won the cash-strapped country's first free democratic elections in four decades last year has been reviewing the deals to ensure they are in the country's best interests.




During more than three decades of rule, Congo's former dictator Mobutu Sese Seko promoted then pillaged the country's vast mineral wealth but largely ignored the oil and gas sector.


The oil ministry was created in February with the formation of the new government. Mende said he expects the sector will benefit from the same post-election boost in investor confidence that has led to a boom in industrial mining projects.


"This is an oil country, not because of our current small production, but because there is major potential," he said.


Congo is currently negotiating with neighbouring Angola to settle a dispute over maritime borders that could open up new, potentially lucrative offshore oil fields.


Additional onshore reserves remain untapped and largely unexplored in Equateur province in the north as well as under Lake Albert and Lake Tanganyika along the eastern border.


"Quite modestly, we expect nothing less than three billion barrels of reserves, and it's certainly more than that," Mende said.

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Mwana sets nickel production target, shares rise

Tue Jul 3, 2007 4:42 PM BST


LONDON, July 3 (Reuters) - Africa-focused miner Mwana Africa Plc set a new production target for a Zimbabwe nickel mine on Tuesday, sending its shares higher.


Chief Executive Kalaa Mpinga said the firm's fledgling Zimbabwe nickel project Hunters Road was expected to produce 2,500 tonnes of nickel annually by the end of 2008, whereas in its results statement two weeks ago it said a feasibility study was still being completed.


Mpinga also confirmed that its Mwana's Freda Rebecca gold project in the same country could eventually double 2007 estimates to 90,000 ounces per year, while expressing confidence the group could become a major diamond player following recent acquisitions in the Democratic Republic of Congo (DRC).


He was speaking at a mining conference hosted by broker Numis Securities, and a trader said the subsequent buzz of publicity was helping to fire the shares.


Shares in the company were up 10 percent at one stage, but came back to be up 4.3 percent at 74 pence by 1525 GMT, valuing it at 192.5 million pounds ($388.1 million).


The stock has risen nearly 60 percent in the year to date, despite some wider uncertainty among DRC miners after the mineral-rich country's newly elected government launched a review of some 60 mining contracts.


However, Mpinga said in his conference speech that Mwana was not immune to political frustrations, as it was having trouble getting clearance for the re-financing and restructuring of DRC diamond mine MIBA.


The group said at its results that MIBA's Mbuji-Maya mine had the ability to produce 8 to 10 million carats of diamonds per year -- if it received significant investment.


"It seems diamonds have the ability to make very rational people become irrational," Mpinga said.





Mwana Africa says 'extremely encouraged' by results to come from Zani-Kodo mine



LONDON (Thomson Financial) - Mwana Africa PLC said it has been "extremely

encouraged" by drilling results to be released from Zani-Kodo, part of the Kilo

Moto joint venture in the Democratic Republic of Congo.

"In the next few weeks we will be releasing our first exploration results

and we are extremely encouraged," said chief executive Kalaa Mpinga at a metals

and mining conference hosted by Numis Securities.

"A number of targets have been identified," he added.

The company holds 80 pct of the joint venture with the remainder being held

by the state mining company.

The company has so far completed about 2,000 metres of a 6,000 metre

drilling programme.

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The Democratic Republic of the Congo (DRC) will publish the deals of 60 mining companies as part of its review into the sector, the deputy mines minister said.


Victor Kasongo told Mining Journal the government would eventually publish the terms of the contracts during its review, due to last another two months.


Talks over new contracts were suspended in March when the government decided on the review, amid concerns over improperly formed agreements. Lawyers from the US-based Carter Center are providing independent advice for the review, which began on June 11.


Moto Goldmines Ltd executives were among the first to appear before the commission, Mr Kasongo said.

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BNC to Open New Mine



The Herald (Harare)


5 July 2007

Posted to the web 6 July 2007



BINDURA Nickel Corporation will begin exploitation of nickel at its US$100 million Hunter's Road project in the next three months, "if things go according to plan".


Chairman Mr Kalaa Mpinga told a mining conference in South Africa recently that the firm's fledgling Zimbabwe nickel project was expected to produce 2 500 tonnes of nickel by the end of 2008. This was in sharp contrast to his remarks as reflected in BNC's financial results two weeks ago in which he suggested a feasibility study was still to be completed.


BNC chief executive Mr David Murangari echoed Mr Mpinga's remarks.


"We are anticipating to start production in the next three months that is if things go ahead as planned," said Mr Murangari in an interview yesterday. "We are certainly trying to move ahead with this project."


The Hunter's Road project involves the construction of a new open-cast mine between Kwekwe and Gweru where at least 30 million tonnes of nickel deposits containing 125 000 tonnes of recoverable nickel were discovered.


According to feasibility studies conducted so far, the site has the potential to "build and operate" a viable mine.


While Hunter's Road deposits are of marginal ore grade, they have the potential to supply additional feedstock to the BNC smelter and refinery.


BNC's two operational mines -- Trojan and Shangani -- are unable to produce sufficient ore to keep the plant running at full capacity.


The nickel mining giant says although some of the shortfalls are currently filled from external toll contracts, it is more economical for BNC to produce concentrate from its own mines.


This makes the Hunter's Road more attractive to Bindura and its major shareholder, Mwana Africa.

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JULY 11, 2007 AIM Code - MOE








Moto Goldmines Limited ("Moto") is pleased to announce that, Mr Louis Kabamba

Watum has joined Moto's Board of Directors in the position of Executive General

Manager - DRC Operations.


The Company's Chief Operating Officer, Andrew Dinning, said the appointment of

Mr Watum, re-enforced Moto's commitment to the Moto Gold Project.



"Mr Watum's extensive government liaison, operational and local experience is a

significant asset for the Company during the continued development of the Moto

Gold Project. In recognition of his past efforts and the strategic importance of

the role, the Board unanimously endorses the appointment of Mr Watum" said Mr




Mr Watum (45), who was born in the DRC, is a chemical engineer by profession and

initially gained significant metallurgical and mining experience in various

roles held whilst working in the Katanga copper mining belt, in the Witbank

coalfields, and in Applied Research at Anglo American Research Laboratories

respectively. He was then appointed to the senior position of Operations Manager

by AngoGoldAshanti to oversee the development, construction and production

phases of their Yatela gold mine in Mali. In these roles, Mr Watum's

responsibilities included site administration, regional and local community

development and social programmes, central government liaison, project

construction and management. Mr Watum joined Moto in March 2006.

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I think, MGL strong buy next Time, think, they have 1 important result: reviewing of mining contracts positive.

Market cap ultra low for 30-40 mio unces Au @ 7-8 gramm / tonne


best/greatest new gold project worldwide

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I think, MGL strong buy next Time, think, they have 1 important result: reviewing of mining contracts positive.

Market cap ultra low for 30-40 mio unces Au @ 7-8 gramm / tonne


best/greatest new gold project worldwide


Yup, it's a true monster by any standards, and drills are constantly turning I believe.


Although 7-8 grams/ ton is pushing it. Try 2-4 g/ton. Some of the deeper drilling is hitting those kinds of grades, which are far from a resource. Will need more infill drilling to incorporate those higher grades.


I see this stock taken out by a major, Anglogold, Goldfields?

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OKIMO : reprise de la production d’or Après plusieurs années d’arrêt, les mines de l’Office des Mines d’Or de Kilo-Moto (OKIMO) ont repris vie. Depuis le mois de mai 2007, l’OKIMO a produit 3 kg d’or. Conformément au plan intérimaire d’urgence élaboré sur recommandation du ministère du Portefeuille, l’office prévoit de produire 5 kg d’or chaque mois à partir de mai 2007. Pour financer ce plan d’urgence, l’office a recouru aux arriérés des loyers d’amodiation, soit 455.000 dollars US. Ce plan d’urgence est le prélude au plan de production intérimaire prévu pour le second semestre 2007 dont l’objectif est d’atteindre une production de plus ou moins 100 kg/mois d’or, à réaliser par l’OKIMO, au Nord, dans le cadre de collaboration avec MOTOGOLDMINES et, au sud, dans le cadre de collaboration avec ASHANTI GOLDFIELD KILO.


MIBA : les étapes de la reprise Après les mesures urgentes prises par le Gouvernement au mois de mai pour assurer la relance des activités, des solutions sur le long terme ont été amorcées. Dans le lot, la réalisation d’un audit stratégique et organisationnel de cette entreprise avec, comme tâches essentielles, de passer en revue l’organisation actuelle de la société afin de s’assurer qu’elle est apte et compatible à l’atteinte de ses missions et, d’autre part, de proposer des orientations stratégiques pour le redressement de ses activités. sur cinq cabinets ayant souscrit à l’appel d’offre sur l’audit stratégique, le cabinet Ernst & Young a été retenu. Les conclusions de cet audit, attendues pour la fin du mois d’août, serviront de support de travail pour le contrat de gestion dont l’appel a été lancé pour reformuler la gestion technique, financière et commerciale de la société et mettre en place un plan minimal de production qui assurera la survie de la société jusqu’à sa restructuration.



OKIMO: begun again production of gold After several years of stop, the mines of the Office of the Gold mines of Kilo-Motor bike (OKIMO) took again life. Since May 2007, the OKIMO produced 3 kg of gold. In accordance with the temporary plan urgently elaborate on recommendation of the ministry for the Wallet, the office envisages to produce 5 kg of gold each month as from May 2007. To finance this emergency plan, the office resorted to postponed rents of leasing, that is to say 455.000 US dollars. This emergency plan is the prelude to the temporary plan of production planned for the second six-month period 2007 whose objective is to reach a production of more or less 100 gold kg/mois, to realize by the OKIMO, in North, within the framework of collaboration with MOTOGOLDMINES and, in the south, within the framework of collaboration with ASHANTI GOLDFIELD KILO.


MIBA: the stages of the recovery After the urgent measurements taken by the Government in May to ensure the revival of the activities, of the solutions on the long term were started. In the batch, the realization of one strategic and organisational audit of this company with, like essential tasks, to review the current organization of the company in order to make sure that it is suited and compatible with the attack of its missions and, in addition, to propose strategic orientations for the rectification of its activities. on five cabinets having subscribed to the invitation to tender on the strategic audit, the Ernst cabinet & Young were retained. The conclusions of this audit, awaited for the end of August, will be used as support of work for the contract of management whose call was launched to reformulate technical, financial and commercial management of the company and to set up a minimal plan of production which will ensure the survival of the company until its reorganization.

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DRC to renew Gecamines contract, Fortin may leave


The Democratic Republic of the Congo said it wants to renew the management contract for the state-owned copper and cobalt mining company, Gecamines, with French consultants Sofreco for another year.


Sofreco is demanding that Gecamines managing director Paul Fortin leaves the company.


The contract will be renewed “with the same conditions in terms of human and financial resources,” Toussaint Tshilombo, DRC’s information minister, said in an e-mailed statement on Monday.


Sofreco will renew the accord only if it can replace Fortin, Claude Ungerer, Sofreco`s president, said on Monday in an interview from Clichy, France.


Fortin was appointed in 2005 to eliminate corruption, renegotiate Gecamines` US$2.4 billion debt and agree mining contracts with companies including Freeport McMoRan Copper & Gold Inc, the world`s largest publicly traded copper producer, and Nikanor plc, which is digging the country`s biggest copper mine.


His contract expires August 12.


“We are happy to work with the government again, but we will have to be able to pick our own personnel,`` Ungerer said.


“We need a managing director who is capable, and this will not be Fortin.”


Fortin, 68, was reinstated as managing director of Gecamines March 1 after being suspended the previous month by Sofreco, a consultant funded by the World Bank that jointly manages Gecamines.


Fortin said in a June 11 interview he wanted to renew his contract.



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Affinor Resources Inc.: Acquisition of 10,204 Mining Squares in the Democratic Republic of Congo


LAVAL, QUEBEC, Jul 25, 2007 (MARKET WIRE via COMTEX News Network) --


Affinor Resources Inc (TSX VENTURE: AFI) ("Affinor", the "Company") announces it has acquired 100% of the rights of Ressources Minieres du Congo SPRL ("REMCO"), a commercial entity as per congolese laws, in 24 Exploration Permits. These 24 permits total 10,204 Mining squares or a surface of approximately 8,888 Km2 (approx: 900,000 Hectares). In order for Affinor to gain a 100% interest in the Permits, the terms of the agreement call for a cash payment of 500,000 USD and the issuance of 3,000,000 treasury shares over a period up to 6 months after approval of the transaction.


The concessions are located in the Oriental Kasai and Oriental provinces of the Democratic Republic of Congo ("DRC") and are, according to James Napier, geologist and qualified person as per Rule 43-101 "favourable zones for the eventual discoveries of potentially rich kimberlite deposits since they are located in the Congolese craton and have revealing kimberlite showings ".


The PENGE EAST permit (400 "mining squares"), is located in Oriental Kasai, Kabinda District, and covers a surface of approximately 348 km2. This permit is contiguous to the permits of BRC Diamonds Inc (BRC - TSX.V), which announced on July 5th 2007 its merger with Diamond Core Resources Limited (DMR - JSE). The permit is also close to the Southern Era (TSX-SDM) and Miniere de Bakwanga (MIBA) permits.


The KATAKO-KOMBE permits (5,600 "mining squares") are also located in Oriental Kasai in the Sankuru District, and total an approximate surface of 4,878km2. James Napier also notes in his report: "The selection of the Katako-Kombe permits is based on the abundance of alluvial artisanal diamonds in the Lukenie, Lomela and Tshuapa rivers that take their source in the arked Unia Lake. The latter represents for us explorers, a kimberlitic or lamproitic field of potential primary deposits".


Up North, in the Oriental Province, Lower Uele District, are located the AKETI permits (4,204 "mining squares") of an approximate surface of 3,662 km2.


"The selection of the Aketi permits in the Oriental province is based on the abundant placer diamond showings that have never been industrially mined in the Aketi River to the South, the Tele River at the center and the Rubi River to the North. The Likati River holds a diamond showing on the "Mineral Deposit" map and flows very near our concession. All the rivers cross our permits from East to West. Geologically, we are on the edge of the Congolese Craton where formations are migmatic granites from the Ganguen Kibalian corresponding to the Katangeze Kibarian more or less 1300 Ma.A that meets with the Katanguian corresponding Lindian (Roan and Kundelungu) more or less 900 Ma, all of which crossed by faults that may contain ultrabasic kimberlitic rocks or lamproitic (dykes and pipes). We have two potential for kimberlitic fields in this area:


- to the north of the town of Bima between the Rivers Api et Uele;


- to the North West of the town of Mangi.


There are also several gold showings in the "Mineral Deposits" map therefore it is possible that we may find an auriferous and primary deposit". Quoting Napier's report.


As described in Bardet's chapter on Congo about the Aketi area: " For the time being, their origin is mysterious (and we will encounter this problem anew in Oubangui, C.A.R in some areas quite close in the north such as N'Zako). Undoubtedly, Aketi is very close to Congo's recovery basin, from which we can presume the hard rock to the south of the basin which could have extended more to the north in the past ?".


"This new acquisition is positioning Affinor as one of the important concession's holders in DRC in terms of surface owned and for the quality of the areas chosen".


The first phase will consist in a general survey of the targeted zones by direct and indirect methods of research (in situ localization, large circuit samplings, lifts, grabs, manual pits, trenches, probes, geophysical methods: to be defined depending on the means). The second phase will be devoted to a detailed reconnaissance and will have to be defined once the results of the preceding phase are known.


This transaction is concluded without intermediary and is subject to regulatory approval.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information presented in this release.


Contacts: Ressources Affinor Inc. Daniel Barrette President 450-622-6626 or 450-622-8292


SOURCE: Affinor Resources Inc.

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