LONDON (ShareCast) - Zambezi Resources has announced further high grade gold results and high grade copper results from trench sampling within its priority gold project area at Chakwenga.

In addition to trench sampling at Moiya and Kangaluwi, the company completed the first diamond drilling campaign at Chakwenga in December last year.

Best results returned to date include 14.65m at 1.09 g/t gold from hole CHKDD0002, confirming that gold mineralization occurs over significant widths, it said.

Managing director Julian Ford said, “Zambezi has identified an extensive region of gold mineralisation within the Chakwenga project, and we believe that a potentially significant new gold camp has been identified.”

“RC and diamond drilling to test the Chakwenga mineralized system will commence in May, with the aim of generating a JORC compliant resource by the end of 2006.”

“In addition, drilling will be carried out to test the Moiya and Kangaluwi targets within the Chakwenga region,” he added.

Zambezi’s shares have rallied during the past month after the explorer said it has identified a high grade uranium mineral within its Oryx prospect in Zambia.

• News Channel