Fourth Quarter 2006
Posted on 31/12/2006
Highlights:
Africa
BOTSWANA - KIHABE ZINC PROJECT
2,562 metres of RC resource infill drilling were conducted during the quarter on the 2.4km long Kihabe zone of zinc, lead, copper, silver and vanadium mineralisation.
The Company has commissioned Ravensgate, an independent firm of consultants, to compile a JORC compliant resource estimate for the project. An initial resource estimate is pending the receipt of 600 check assays being conducted by an independent laboratory.
Namibia - Tsumkwe base Metals pROJECT
During the quarter the Company conducted further ground geochemical sampling in Namibia, along strike from the Kihabe zinc project in Botswana.
Australia
Western Australia - TELFER Gold PROJECT
The Company is in the process of negotiating a joint venture agreement on this project.
