First Quarter 2004
Highlights:
Australia
WESTERN AUSTRALIA - TELFER GOLD EXPLORATION
Barrick Gold of Australia Limited assumed management of the Telfer Joint Venture.
Africa
NAMIBIA - TSUMKWE DIAMOND EXPLORATION
The recovery of a macrodiamond 3.5 kms south east of a previously recovered macrodiamond supports the possibility of the occurrence of a diamond bearing kimberlite within the central southern part of the project area.
The recovery of a number of fresh kimberlitic garnets from drill hole NAM 395, supports the possibility of another local kimberlite source, in the central western part of the project area.
NAMIBIA - TSUMKWE BASE METALS EXPLORATION
Soil geochemical sampling has generated an anomaly returning significant values of up to 2718 ppm zinc, 2054 ppm lead and 22 g/t silver over a 300m wide zone, open ended along strike. This anomaly is currently being drilled.
BOTSWANA - KIHABE BASE METALS EXPLORATION
Further drilling has now delineated a zone approximately 2km long, containing significant grades of zinc, lead and silver.
