First Quarter 2006
Posted on 31/03/2006
Highlights:
Africa
BOTSWANA – KIHABE BASE METALS PROJECT
Reverse Circulation infill drilling commenced in March to upgrade the 2.4km long Kihabe zone of zinc, lead and silver mineralisation which also contains copper and vanadium credits, into a JORC compliant resource/reserve. Significant assay results for zinc, lead, silver and vanadium, as detailed in the report, were returned for the first infill drill section completed during the quarter.
NAMIBIA - TSUMKWE DIAMOND PROJECT
Exceptionally high rainfall during the quarter delayed the commencement of field operations.
Australia
WESTERN AUSTRALIA - TELFER GOLD PROJECT
Following the withdrawal from the Telfer joint venture by Barrick Gold of Australia, the Company is, in light of the recent rise in the gold price, reviewing all results obtained from previous exploration.
