Anooraq & Anglo Platinum JV Receives Excellent Results from Ongoing Delineation Drilling at Drenthe-Overysel.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--April 20, 2004 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 (AMEX AMEX See: American Stock Exchange :ANO Noun 1. ANO - a Palestinian international terrorist organization that split from the PLO in 1974; has conducted terrorist attacks in 20 countries; "in the 1980s the Fatah-RC was considered the most dangerous and murderous Palestinian terror group" ) (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 ) is pleased to announce initial results from an ongoing 16,000-metre drilling program at the Drenthe Drenthe (drĕn`tə), province (1994 pop. 451,400), c.1,030 sq mi (2,670 sq km), NE Netherlands, bordering Germany in the east. Assen is the capital, and Emmen is the chief industrial center. 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 "), gold and nickel nickel, metallic chemical element; symbol Ni; at. no. 28; at. wt. 58.69; m.p. about 1,453°C;; b.p. about 2,732°C;; sp. gr. 8.902 at 25°C;; valence 0, +1, +2, +3, or +4. deposit, located 250 kilometres north of Johannesburg Johannesburg (jōhăn`ĭsbörg', yōhä`nəsbörkh'), city (1991 pop. 1,574,631), Gauteng, NE South Africa, on the southern slopes of the Witwatersrand at an altitude of 5,750 ft (1,753 m). , 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 drilling program is being carried out under a Joint Venture agreement ("JV") between Anooraq and Anglo An·glo also an·glo n. pl. An·glos 1. Informal An Anglo-American. 2. An English-speaking person, especially a white North American who is not of Hispanic or French descent. American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Platinum platinum (plăt`ənəm), metallic chemical element; symbol Pt; at. no. 78; at. wt. 195.08; m.p. 1,772°C;; b.p. 3,827±100°C;; sp. gr. 21.45 at 20°C;; valence +2 or +4. Corporation Limited ("Anglo Platinum Anglo Platinum ltd is the world's largest primary producer of platinum, accounting for about 38% of the world's annual production. The company, based in South Africa, was previously called "Anglo American Platinum Corporation Limited". "). The multi-rig program consists of infill in·fill n. 1. The use of vacant land and property within a built-up area for further construction or development, especially as part of a neighborhood preservation or limited growth program. 2. and step-out drilling on the Drenthe farm and step-out drilling on the contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file. , newly acquired northern portion of the Overysel farm. Drenthe is a large, near-surface PGM deposit. Over 4 million ounces of platinum, palladium palladium, chemical element palladium [Gr. Pallas, goddess of wisdom], metallic chemical element; symbol Pd; at. no. 46; at. wt. 106.42; m.p. 1,554°C;; b.p. 2,970°C;; sp. gr. 12.02 at 20°C;; valence +2, +3, or +4. , 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. and gold (4PGM) and 359 million pounds of nickel are contained within an estimated inferred resource of 99.4 million tonnes grading 1.31 g/t of combined 4PGM and 0.16% nickel at a 0.5 g/t 4PGM cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, (independent qualified person G.J. van der Heever, Pr.Sci.Nat.). The currently outlined resource extends for 2.1 kilometres on the Drenthe farm and is open to the north, west and south. The Overysel ground lies to the south, and adds 2.8 kilometres of prospective strike length. Two rigs are drilling on the Drenthe farm and two on the Overysel farm. Holes drilled on both farms have commonly intersected zones of 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 excess of nine metres and up to 40 metres in length, with grades of 2 g/t or more combined platinum, palladium and gold (3PGM). Highlights include hole PR51 that intersected 9.0 metres grading 2.89 g/t 3PGM from 126.0-135.0 metres, hole PR60 that intersected 19.0 metres grading 2.88 g/t 3PGM from 85.0-104.0 metres; hole PR63 that intersected 18.0 metres grading 2.56 g/t 3PGM and 17.4 metres grading 2.35 g/t 3PGM; and hole PR76 that intersected 15.0 metres grading 2.59 g/t 3PGM. Excellent grades were also encountered in hole PR73 that intersected 7.5 metres grading 3.48 g/t 3PGM from 36.5-44.0 metres. Examples of particularly long intersections encountered in the drilling so far are holes PR67 and PR68. Hole PR67 intersected 45.0 metres grading 1.98 g/t 3PGM from 63.0-108.0 metres and hole PR68 intersected 41.0 metres from 36.0-77.0 metres grading 2.03 g/t 3PGM. Results are provided in the attached table, including grades of individual platinum group and base metals. These drill holes comprise only a small part of the ongoing program. Thirty holes, totaling approximately 6,000 metres, are planned for the Drenthe farm and fifty-six holes, totaling about 10,000 metres, are planned for Overysel. The Drenthe deposit occurs on the Northern Limb of the Bushveld bushveld Noun S African bushy countryside [Afrikaans] Complex, about 13 km north of the Anglo Platinum Sandsloot open pit mine that produces over 350,000 ounces of platinum group metals and gold annually. The goal of the Anooraq-Anglo Platinum JV is to explore and develop a large-scale large-scale adj. 1. Large in scope or extent. 2. Drawn or made large to show detail. large-scale Adjective 1. wide-ranging or extensive 2. , open pit PGM deposit, potentially utilizing Anglo Platinum's nearby milling and smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. facilities that could provide substantial capital cost advantages to a new mining project. The program will also involve collection of geotechnical and engineering data to address parameters such as rock strength, mineralogy mineralogy Scientific study of minerals, including their physical properties, chemical composition, internal crystal structure, occurrence and distribution in nature, and origins or conditions of formation. and metallurgical met·al·lur·gy n. 1. The science that deals with procedures used in extracting metals from their ores, purifying and alloying metals, and creating useful objects from metals. 2. characteristics. Based on this work, new resource estimates can be completed and mine planning commenced. Rigorous QA/QC QA/QC Quality Assurance/Quality Control procedures, designed and supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin by qualified persons, are integrated into Anooraq's exploration programs. The procedure for the Drenthe drilling program is as follows: core samples are sent to the Set Point Laboratories in Mokopane Mokopane (previously called Potgietersrus) is a town in the Limpopo province of South Africa. The town was established by the Voortrekkers and named Potgietersrus after the Voortrekker leader Piet Potgieter. The name was changed to Mokopane in 2003. , South Africa, for preparation (drying, crushing and pulverizing Crushing and pulverizing The reduction of materials such as stone, coal, or slag to a suitable size for their intended uses such as road building, concrete aggregate, or furnace firing. ), then an 180 gram pulp from each sample is shipped to Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Laboratories (an 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. 9001:2001 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. laboratory) in Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography for analysis. Samples are analysed by Fire Assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. (FA) fusion with an Inductively Coupled Plasma Atomic Emission Spectroscopy Inductively coupled plasma atomic emission spectroscopy (ICP-AES), also referred to as Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), is a type of emission spectroscopy that uses a plasma (e.g. (ICP-ES ICP-ES Inductively Coupled Plasma Emission Spectroscopy ) finish for Pt, Pd and Au, and Aqua Regia aqua regia (äk`wə rē`jēə) [Lat.,=royal water], corrosive, fuming yellow liquid prepared by mixing one volume of concentrated nitric acid with three to four volumes of concentrated hydrochloric acid. ICP-ES for 36 elements. A stringent quality assurance program is in place with standards, blanks and duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. samples making up 10% of the samples processed. Keith Roberts
Keith Roberts (September 20, 1935 - October 5, 2000) was a British science fiction author. , M.Sc., Ph.D., P.Geo., is Anooraq's qualified person for the Drenthe-Overysel drilling program. ON BEHALF OF THE BOARD OF DIRECTORS Ronald W. Thiessen, President and CEO This release includes certain statements that may be deemed "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ". 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.
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Hole From To Interval Interval PGM(1) Nickel
Number (metres) (metres) (metres) (feet) (g/tonne) (%)
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PR-051 126.0 135.0 9.0 30 2.89 0.13
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PR-052 6.4 13.5 7.1 23 1.37 0.06
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PR-053 Hole abandoned and re-drilled by PR-054
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PR-054 0.0 21.7 21.7 71 1.53 0.10
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PR-055 44.0 49.0 5.0 16 2.25 0.15
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PR-055 68.9 71.0 2.1 7 3.79 0.20
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PR-056 35.7 45.0 9.3 30 2.42 0.08
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PR-057 49.0 51.0 2.0 7 3.66 0.19
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PR-057 62.0 72.5 10.5 34 1.84 0.13
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PR-058 5.4 15.1 9.7 32 0.94 0.07
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PR-059 10.5 35.9 25.4 83 1.48 0.05
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PR-060 66.0 68.0 2.1 7 4.50 0.19
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PR-060 78.00 81.0 3.00 10 1.93 0.08
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PR-060 85.0 104.0 19.0 62 2.88 0.15
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PR-061 74.0 76.0 2.0 7 1.59 0.09
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PR-061 83.0 96.0 13.0 43 1.55 0.09
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PR-062 119.8 131.9 12.1 40 1.34 0.08
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PR-062 Incl. 119.8 123.0 3.2 11 2.64 0.12
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PR-062 171.0 174.0 3.0 10 1.89 0.15
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PR-062 176.0 178.0 2.0 7 1.48 0.11
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PR-063 45.0 63.0 18.0 59 2.56 0.14
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PR-063 82.0 99.4 17.4 57 2.35 0.11
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PR-064 18.0 27.0 9.0 30 2.26 0.15
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PR-064 30.0 35.8 5.9 19 1.99 0.14
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PR-065 126.00 132.00 6.00 20 1.09 0.10
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PR-065 162.4 177.0 14.6 48 1.62 0.14
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PR-066 33.0 40.0 7.0 23 1.85 0.17
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PR-067 36.0 41.2 5.2 17 2.52 0.14
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PR-067 63.0 108.0 45.0 148 1.98 0.10
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PR-068 36.0 77.0 41.0 135 2.03 0.11
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PR-068 120.0 133.0 13.0 43 1.56 0.12
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PR-069 95.8 102.0 6.2 20 2.64 0.13
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PR-070 82.0 84.0 2.0 7 1.15 0.11
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PR-070 170.0 171.5 1.5 5 1.55 0.12
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PR-071 77.0 93.0 16.0 53 1.98 0.12
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PR-072 129.0 132.0 3.0 10 2.50 0.13
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PR-072 174.0 178.0 4.0 13 1.26 0.07
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PR-072 183.0 192.0 9.0 30 1.68 0.09
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PR-072 197.0 199.0 2.0 7 2.85 0.19
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PR-073 24.0 28.0 4.0 13 3.18 0.14
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PR-073 36.5 44.0 7.5 25 3.48 0.13
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PR-073 104.0 127.1 23.1 76 1.40 0.14
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PR-073 162.0 168.0 6.0 20 1.29 0.12
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PR-073 192.5 209.4 16.9 55 1.14 0.13
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PR-074 16.5 117.0 100.5 330 1.12 0.12
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PR-074 Incl. 16.5 75.0 58.5 192 1.42 0.14
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PR-074 147.0 151.0 4.0 13 1.79 0.17
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PR-075 Hole abandoned and re-drilled by PR-078
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PR-076 137.0 138.7 1.7 6 1.48 0.10
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PR-076 164.0 231.0 67.0 220 1.34 0.08
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PR-076 Incl. 164.0 179.0 15.0 49 2.59 0.12
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IMV(2)
Hole Copper Pt Pd Au ($US/
Number (%) (g/tonne) (g/tonne) (g/tonne) Tonne)
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PR-051 0.07 1.27 1.45 0.17 53.83
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PR-052 0.04 0.84 0.43 0.10 29.29
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PR-053 Hole abandoned and re-drilled by PR-054
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PR-054 0.07 0.88 0.53 0.11 36.04
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PR-055 0.07 0.96 1.13 0.17 46.94
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PR-055 0.06 1.81 1.90 0.08 75.33
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PR-056 0.06 0.99 1.30 0.13 41.40
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PR-057 0.08 1.41 2.10 0.15 67.58
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PR-057 0.05 0.74 1.02 0.08 37.61
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PR-058 0.04 0.52 0.32 0.10 22.41
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PR-059 0.03 0.81 0.57 0.11 28.96
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PR-060 0.11 1.66 2.55 0.29 78.22
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PR-060 0.05 0.85 0.97 0.11 35.50
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PR-060 0.07 1.24 1.49 0.15 55.39
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PR-061 0.05 0.65 0.88 0.07 31.15
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PR-061 0.05 0.62 0.85 0.09 30.43
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PR-062 0.04 0.61 0.65 0.08 27.61
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PR-062 Incl. 0.07 1.24 1.26 0.15 51.04
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PR-062 0.11 0.72 1.00 0.18 41.54
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PR-062 0.06 0.51 0.91 0.06 30.22
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PR-063 0.10 1.07 1.35 0.13 50.10
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PR-063 0.07 1.02 1.20 0.14 45.04
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PR-064 0.11 0.96 1.18 0.12 47.18
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PR-064 0.11 0.76 1.12 0.11 41.91
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PR-065 0.07 0.49 0.53 0.07 27.12
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PR-065 0.10 0.75 0.72 0.15 39.52
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PR-066 0.08 0.88 0.87 0.10 44.92
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PR-067 0.09 0.94 1.38 0.21 48.04
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PR-067 0.06 0.77 1.08 0.13 36.93
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PR-068 0.08 0.88 1.01 0.13 40.67
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PR-068 0.10 0.69 0.76 0.11 35.20
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PR-069 0.10 0.94 1.55 0.15 48.13
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PR-070 0.06 0.39 0.70 0.06 25.75
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PR-070 0.09 0.76 0.62 0.18 36.58
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PR-071 0.08 0.79 1.06 0.13 39.90
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PR-072 0.09 1.08 1.27 0.15 49.07
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PR-072 0.05 0.49 0.68 0.09 24.62
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PR-072 0.05 0.62 0.97 0.09 30.87
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PR-072 0.09 1.13 1.59 0.13 58.09
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PR-073 0.08 1.66 1.28 0.24 64.31
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PR-073 0.07 1.98 1.25 0.26 69.78
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PR-073 0.10 0.60 0.72 0.09 34.59
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PR-073 0.08 0.66 0.43 0.20 33.83
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PR-073 0.08 0.50 0.56 0.09 30.71
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PR-074 0.09 0.47 0.56 0.09 28.29
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PR-074 Incl. 0.11 0.59 0.71 0.12 35.11
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PR-074 0.16 0.79 0.89 0.11 45.37
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PR-075 Hole abandoned and re-drilled by PR-078
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PR-076 0.07 0.69 0.41 0.39 34.41
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PR-076 0.05 0.55 0.72 0.07 26.13
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PR-076 Incl. 0.08 1.07 1.38 0.15 48.24
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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 700/oz; Pd $US 200/oz; Au $US 385/oz;
Ni $US 4.50/lb; Cu $US 0.90/lb.
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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