AfriOre Intersects Wide Zones of Platinum Group Metal Mineralization, Including a 75.21 Meter Intersection Grading 4.36g/t 4E, in Drill Hole ZF2 at Akanani Platinum Project, South Africa.BRIDGETOWN, Barbados -- AfriOre Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AFO AFO Ankle-foot orthosis ) ("AfriOre") is pleased to report that it has intersected wide zones of Platreef hosted 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. metal ("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 ") and base metal mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in drill hole ZF2, some 500 metres from its first successful drill hole on the Akanani Platinum Project (the "Project") in 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. . In its press release dated April 18, 2005, AfriOre reported that drill hole ZF2 had successfully intersected the Platreef unit before terminating in basement granitic rocks. Drill hole ZF2 is part of an initial 13,000 meter drilling program (refer to diagram in AfriOre press release April 18, 2005) being conducted by AfriOre in the Project area on the Northern Limb of South Africa's Bushveld bushveld Noun S African bushy countryside [Afrikaans] Complex. All holes in the current program are collared vertically, and are located in close proximity to the eastern boundary of the Project area. Drill hole ZF2 was collared near the eastern boundary of the farm Zwartfontein 814, some 500 meters from the southeastern corner of the Project area, where drill hole ZF1 was completed (see AfriOre's press release dated March 31, 2005), and approximately 2000 meters south of drill hole ZF4. ZF2 encountered norites and anorthosites of the Main Zone of the Bushveld Complex before intersecting pyroxenitic rocks of the Platreef unit from 929 to 1,152 meters and ending in footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. granitic rocks at a depth of 1,166 meters. Detailed analytical results for Drill Hole ZF2 are given in the following table: Detailed Analytical Results For Drill Hole ZF2 ---------------------------------------------- --------------------------------------------------------------------- Depth Interval 4E Pt Pd Rh Au Ni Cu (meters) (meters) g/t g/t g/t g/t g/t % % --------------------------------------------------------------------- 929.39 - 940.00 10.61 2.62 0.99 1.43 0.07 0.13 0.19 0.11 --------------------------------------------------------------------- 971.98 - 1,047.19 75.21 4.36 1.74 2.22 0.13 0.27 0.23 0.16 Including 971.98 - 1,030.00 58.02 4.99 1.98 2.55 0.15 0.31 0.27 0.18 Including 971.98 - 979.61 7.63 6.64 2.63 3.23 0.21 0.57 0.39 0.25 996.00 - 1,008.95 12.95 6.40 2.32 3.54 0.23 0.31 0.39 0.23 1,015.00 - 1,030.00 15.00 5.39 2.26 2.69 0.13 0.31 0.25 0.18 Including 1,024.59 - 1,027.15 2.56 11.90 4.96 5.97 0.30 0.67 0.53 0.35 --------------------------------------------------------------------- 1,061.80 - 1,067.00 5.20 5.81 2.05 3.28 0.20 0.28 0.17 0.32 --------------------------------------------------------------------- 1,071.00 - 1,086.00 15.00 3.12 1.15 1.72 0.14 0.11 0.08 0.18 --------------------------------------------------------------------- 1,118.00 - 1,123.00 5.00 6.00 2.63 2.92 0.13 0.32 0.19 0.31 --------------------------------------------------------------------- 1,134.00 - 1,149.31 15.31 2.60 0.87 1.44 0.03 0.26 0.14 0.17 Including 1,147.20 - 1,149.31 2.11 9.35 3.66 4.34 0.03 1.32 0.46 0.32 --------------------------------------------------------------------- Notes on the above table: 4E means Pt + Pd + Rh + Au Pt, Pd, Rh, Au, Ni and Cu mean platinum, palladium, rhodium, gold, nickel and copper, respectively. Mean grades are weighted using mass factors (intercept width x specific gravity). The reported interval widths are uncorrected for the dip of the Platreef, which is estimated to be approximately 45 degrees to the west in the ZF2 area. True widths, which may vary from the reported widths, will be determined when sufficient drilling has been carried out to allow detailed modelling of the mineralization. Drill hole ZF2 was drilled in BQ core size (36mm diameter) and half-core samples were cut by means of a diamond blade saw. Geological logging, sampling and core handling procedures to ensure the integrity of samples, were carried out under the supervision of Mr. Jonathan Woolfe (MSc Geology, Pr.Sci.Nat.), an independent consultant to AfriOre. Samples were prepared at Set Point Technology's sample preparation facility in Mokopane and analyzed for platinum, palladium, rhodium rhodium (rō`dēəm), metallic chemical element; symbol Rh; at. no. 45; at. wt. 102.9055; m.p. about 1,966°C;; b.p. 3,727±100°C;; sp. gr. 12.41 at 20°C;; valence +2, +3, +4, +5, or +6. , gold, nickel, copper and cobalt by Set Point Technology laboratories in Johannesburg (ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 17025 accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. and independent of AfriOre). Pt, Pd and Au fire assays were carried out using Pb collection/ICP. Rh fire assays used Pd collection/ICP. Nickel, copper and cobalt analyses were carried out using aqua regia digestion/ICP and reflect acid-soluble metal content. QA/QC QA/QC Quality Assurance/Quality Control procedures included the submission by AfriOre of systematic duplicate, blank and standard samples within the sample batches submitted to Set Point Technology. In addition, selected pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. sample duplicates were submitted to SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Lakefield Research Africa laboratories in Johannesburg (ISO 17025 accredited and independent of AfriOre) for referee analyses. The results from these control samples indicate acceptable consistency of the Set Point Technology analyses. The robust 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. zones and high grade platinum group metal assay results encountered in drill hole ZF2, together with their attendant nickel and copper grades, support the significance of the wide and high grade intersections returned by drill hole ZF1, some 500 meters to the south. Both of these holes indicate that well mineralized, wide zones of Platreef extend down-dip from the adjacent current mining operations on Anglo American Platinum Corporation's mining lease area, into the Akanani Project area. In particular, zones such as the drilled interval of 58.02 meters at a grade of 4.99g/t 4E in drill hole ZF2 support previous drilling indications of the potential for bulk mineable PGM mineralization in this area. AfriOre's 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. , Mike van Aswegen, is the qualified person overseeing the exploration programs. About AfriOre AfriOre is engaged in the search for, and acquisition, exploration and development of gold and platinum exploration properties in Africa. It currently has gold exploration properties in South Africa, Mali, Namibia and Kenya and rights to the Akanani properties in South Africa. The company has 34,966,549 shares outstanding; 39,221,914 fully diluted shares and cash and receivables of approx. CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $6.5 million AfriOre is listed in Standard & Poor's Corporation Records SEC 12g 3-2(b) exemption 82-4514. This document may contain or refer to forward looking information based on current expectations. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. AfriOre Limited (TSX:AFO) |
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