anvil on mining news

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    Anvil turns to second DRC project
    Rebecca Keenan
    28 November 2002
    ITS appetite whetted by recent success at its
    Dikulushi copper-silver
    project in the Democratic Republic of Congo, Anvil
    Mining will soon turn
    its focus to a nearby copper deposit, Kapulo.

    Anvil hopes to start drilling the deposit next year
    to follow-up work performed in the 1970s by
    state-owned French company BRGM.

    Kapulo, located 125km northeast of Dikulushi, sits
    on a major fault that runs from the DRC into
    Zambia. The BRGM drilling returned intersections
    including 36.5m grading 6.98% copper, and
    38.5m at 6.39% copper.

    Kapulo will be bankrolled by cashflow from
    Dikulushi, which shipped its first concentrates - 120
    tonnes grading an average 41.7% copper and 825gpt
    silver - on October 9.

    Development of the project is set move to stage two
    early next year with the addition of a ball mill
    and flotation circuit to produce a higher grade
    concentrate of 60% copper and 1900gpt silver.

    Anvil managing director Bill Turner told after the company's
    annual general meeting today that the
    company's experience in the DRC would
    enable it to push ahead quickly with

    He was confident that, given Anvil's track
    record, any further funding required for
    Kapulo would be available through bank
    debt, rather than returning to shareholders.

    Anvil is also looking for an advanced gold
    project in Africa to give the company a
    tighter focus on the continent, Turner said.

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