July 22, 2017 3:34 PM ET

Metals and Mining

Company Overview of Zamsort Limited

Company Overview

Zamsort Limited owns and operates Kalaba Cu-Co Project which provides copper and cobalt mining and exploration services. The company is based in Zambia.

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Zambia

Key Executives for Zamsort Limited

Zamsort Limited does not have any Key Executives recorded.

Zamsort Limited Key Developments

Nick von Schirnding to Join Board of Zamsort, Replacing Vassilios Carellas

Ortac Resources Ltd. reported that is has agreed to convert the Secured Convertible Loan Note and to partially convert the Call Option Agreement into an equity position of 14% in Zamsort Limited ("Zamsort"), with the remaining balance on the loan notes being extended to the 31st December 2018. Following the conversion, Mr. Nick von Schirnding will be appointed to the Board of Zamsort as Ortac's representative on the Board, replacing Mr. Vassilios Carellas, who will be resigning from the Board of Zamsort.

Zamsort Limited Completes a Surface Trench Sampling Programme at its Kalaba Small-Scale Mining License, at West of Solwezi in Northwest Zambia

Zamsort Limited has completed a surface trench sampling programme at its Kalaba Small-scale Mining License (SML) located 290km west of Solwezi in northwest Zambia. Kalaba Oxide Trench Highlights: 95m at the rate of 2.08% Copper and 0.26% Cobalt in surface trench No. 3; 30m at the rate of 2.10% Copper and 0.24% Cobalt in surface trench No. 4; 20m at the rate of 1.73% Copper and 0.25% Cobalt in surface trench No. 7. The Kalaba open pit, at present, is a small-scale open pit mine that has been mined intermittently over the last 10 years. The pit contains a red lateritic overburden unit underlain by a yellow saprolitic material that has to date been mined and processed off-site using acid leaching to produce copper metal. The samples were collected from the saprolite layer over 5 metre long channels and aggregated into single samples for assaying. In total, 71 samples were collected from nine trenches. Trenches 2 and 4 are located on the eastern face of the small pit. Trench 3 is located immediately to the west of the pit. Trenches 1 and 5 are located on the northern and southern boundaries of the pit with the remaining trenches located to the west beyond the current pit limits. The deposit dips to the east and remains open to the east. The next stage of exploration will be to test the continuity of the saprolite material to the east through augering or diamond drilling below the overlying laterite layer.

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