Daily Washington Insider
  • Business
  • World
  • Science
  • Investing

Daily Washington Insider

  • Business
  • World
  • Science
  • Investing
Investing

AFDG – Copper Intelligence announces transportation of Drill Rig to Butembo

by admin March 3, 2026
March 3, 2026
AFDG – Copper Intelligence announces transportation of Drill Rig to Butembo

– Copper Intelligence is pleased to announce together with our drilling partner Gemdrill, that the company’s XY–44 drill rig will be transported to the Butembo DRC project site. Transit time is estimated at approximately 2–3 weeks, ensuring the rig is on the ground and ready to support the company’s upcoming Butembo drilling campaign. The company anticipates a travel window of approximately 2–3 weeks to get the XY–44 drill to the DRC border. From that point, unloading will occur at the yard in the town of Kasindi, enabling the triaxle long-range transport truck.  A further week is estimated to mobilize all equipment to site. One additional week will be required to establish camp, stabilize the drill setup, organize equipment, and complete all necessary preparations before drilling can commence.

Barring any customs or transit issues enroute, it is anticipated that the drill will be operational mid-April with initial site-based analyses of copper ore core being released at the beginning of May.

The company anticipates a social media and in-person Analyst Day for the attendance of Sell-Side and Institutional Investors to be held and televised from the Democratic Republic of Congo in the mid-May timeframe.

About ‘ Copper Intelligence ‘

On Feb 4, 2026, African Discovery Group (AFDG), the predecessor company to Copper Intelligence, announced the signing of Definitive Sales and Purchase Agreement (SPA) for the Butembo Copper Asset in the Democratic Republic of Congo, in a Reverse Takeover Transaction (RTO), solidifying its status as the first stand-alone DRC company to be publicly traded in the United States. Butembo is a near surface, low strip, Tier one exploration opportunity, located near the Ruwenzori mountain location of Uganda’s biggest copper mine (Kilembe with 4 million tons of verified reserves), located only 50km from the Ugandan border with verified access to rail. The High-grade copper samples thus far have returned 18% Copper assays, which if maintained at production would rank amongst the highest globally. The recent discovery of the Butembo copper deposit has underscored the need for further exploration work in areas peripheral to the Katanga Copper Belt.

https://docs.google.com/document/d/1praLBoIVGW6VoaMEaua1-CGZ26aKfS8nAXcY5mgtlMA/edit?usp=sharing

Media Contact:
www.copperintelligence.com
Maxine Gordon
mg@africandiscoverygroup.com

View original content:https://www.prnewswire.com/news-releases/afdg—copper-intelligence-announces-transportation-of-drill-rig-to-butembo-302702421.html

SOURCE African Discovery Group

News Provided by PR Newswire via QuoteMedia

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Steadright Closes First Tranche of Unit Offering
next post
Blackrock Silver Receives First of Three Key Permits for the Tonopah West Project

You may also like

Top 5 Canadian Silver Stocks of 2025

April 14, 2025

Blue Sky Uranium Announces Registration of Mining Rights...

September 25, 2025

Metals Australia

December 24, 2024

WOA Proprietary Technology Successfully Adapted to Produce Pea...

July 8, 2024

United States Antimony Makes Takeover Bid for Larvotto...

October 21, 2025

Altech – CERENERGY Project Secures German Grant Approval

January 6, 2026

Cardiex: Biomarker Technologies, Digital Solutions to Address the...

April 20, 2024

Gold Processing Underway. CY25 Gold Production Commences

March 10, 2025

Element79 Gold Corp. Announces Grant of Management Cease...

January 3, 2025

Vale CEO: Real Assets Gaining Traction as Money...

March 3, 2026

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Hong Kong plans to install thousands of surveillance cameras. Critics say it’s...

    • 2

      UN experts urge Thailand not to deport dozens of Uyghurs to China where they face ‘real risk of torture’

    • 3

      Trump has assembled a team of China hawks. How will Beijing respond?

    • 4

      China executes man who plowed car into crowds in deadliest attack in a decade

    • 5

      How Calvin Klein and Tommy Hilfiger got caught in Trump’s trade war with China

    Categories

    • Business (1,448)
    • Investing (4,835)
    • Science (627)
    • World (3,687)
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: dailywashingtoninsider.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2026 dailywashingtoninsider.com | All Rights Reserved