Additional PGM-Nickel-Copper Results From Anooraq's Rietfontein Farm.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 14, 2003 Ronald W. Thiessen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Anooraq Resources Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture:ARQ (Automatic Repeat reQuest) A method of handling communications errors in which the receiving station requests retransmission if an error occurs. ARQ - Automatic Repeat Request )(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARQRF) announces analytical results from core drilling on its Rietfontein property, located 275 kilometres north of Johannesburg, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . The Rietfontein property is part of Anooraq's extensive (39,000 ha) mineral tenures on the prolific northern limb of the Bushveld bushveld Noun S African bushy countryside [Afrikaans] Complex. The Platreef is the main mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. horizon on the northern limb. The platinum group The platinum group (alternatively, the platinum group metals or platinum metals) is a collective name sometimes used for six metallic elements clustered together in the periodic table. metals ("PGM PGM Program PGM Pragmatic General Multicast PGM Phosphoglucomutase PgM Program Manager PGM Platinum Group Metal PGM Pagemaker (software) PGM Portable Gray Map PGM Precision Guided Munition "), nickel and copper results are from holes drilled in 2002, but were recently received from African Minerals Ltd. Significant mineralized intervals for each of the holes have been compiled by Anooraq and are shown in the attached Table of Rietfontein Assay Results.
RIETFONTEIN ASSAY RESULTS
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Hole From To Interval Interval PGM(1) Nickel Copper IMV(2)
Number (metres) (metres)(metres) (feet) (g/tonne) (%) (%) $US/
Tonne
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AR027 43.19 149.10 105.91 347.5 1.14 0.41 0.31 48.14
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incl 71.97 97.60 25.63 84.1 1.64 0.57 0.43 66.60
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incl 129.23 146.03 16.80 55.1 1.45 0.78 0.44 78.68
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156.04 161.77 5.73 18.8 1.56 0.80 0.56 83.51
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177.15 182.10 4.95 16.2 1.28 0.21 0.23 35.35
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AR029 46.85 140.25 93.40 306.4 1.00 0.25 0.30 34.75
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incl 77.97 123.81 45.84 150.4 1.33 0.32 0.38 44.92
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(1) PGM equals Platinum + Palladium + Gold
(2) IMV equals In-Situ Metal Value. Gross in-situ metal value dollar
amounts are provided for the reader's convenience to facilitate
comparison of the polymetallic nature of the mineralization. These
gross amounts do no take into consideration mining and processing
costs and have no economic significance. The gross in-situ dollar
values have been calculated using the following commodity prices:
Pt $US 520/oz; Pd $US 360/oz; Au $US 310/oz; Ni $US 3.10/lb; Cu
$US 0.75/lb.
For additional details on Anooraq and its Platreef Project, please visit the Company's website at www.hdgold.com. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 20-F filing with the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Commission and its home jurisdiction filings that are available at www.sedar.com. ON BEHALF OF THE BOARD OF DIRECTORS Ronald W. Thiessen, President & CEO No regulatory authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved the information contained in this news release. |
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