Anooraq Continues to Expand Bushveld PGM Resources.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. , B.C.--(BUSINESS WIRE)--July 31, 2000 Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. G. Hunter, Chairman of Anooraq Resources Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :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 provide an update of developments at the Company's Platreef Platinum-Palladium Project on the Bushveld bushveld Noun S African bushy countryside [Afrikaans] Complex 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. . 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. results for core holes numbered 24 through 35 have now been received. These holes complete Phase One of Anooraq's ongoing drilling program at the Platreef property. All 35 holes (6758 metres) drilled to date have successfully intersected platinum-palladium-rhodium-gold (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 ) horizons with associated copper-nickel Cop´per-nick`el n. 1. (Min.) Niccolite. 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. over a strike length of 4.5 kilometres. There is a total of 11.5 kilometres of strike length of the prospective Platreef horizon on the property. All holes from Phase One (1-35) and historical holes (DT1-DT8) are plotted on the attached Location Map and details of 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. intersections at a 1.0 gram per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. 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, are presented in the attached Table of Analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. Results. A tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. of weighted average intercepts at 1.0, 1.7, 3.0 and 5.0 grams/tonne cut-offs is also presented. Phase One drilling has discovered a new PGM deposit on the Platreef property which has excellent continuity and is potentially amenable AMENABLE. Responsible; subject to answer in a court of justice liable to punishment. to open pit mining. The deposit has a tabular tab·u·lar adj. 1. Having a plane surface; flat. 2. Organized as a table or list. 3. Calculated by means of a table. tabular resembling a table. shape and is wide open down dip and along strike. It currently measures 1650 metres long, approximately 20 metres in thickness thickness (thik´nes) a measurement across the smallest dimension of an object. triceps skinfold (TSF) thickness and extends in excess of 250 metres down dip. Significantly, thick PGM build-ups occur at the limits of the present drilling on the open-ended o·pen-end·ed adj. 1. Not restrained by definite limits, restrictions, or structure. 2. Allowing for or adaptable to change. 3. western and northern flanks of the deposit as evidenced in holes 13 (46 m grading 1.60 g/t or 6 m grading 4.61 g/t), 14 (35 m grading 2.16 g/t or 5.5 m grading 5.62 g/t), 17 (48 m grading 1.61 g/t), 20 (21 metres grading 2.53 g/t or 5.0 metres grading 4.26 g/t), 21 (45 m grading 1.79 g/t) and 24 (22 m grading 2.00 g/t). In addition, the deposit being delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. by Anooraq contains internal zones of higher-grade with the highest grade horizons averaging greater than 6 grams PGM per tonne over 1.0 metres in thickness. As outlined by the drilling to date, the deposit extends north from Section 46225 S to Section 44575 S (1650 m). Test drilling indicates mineralization continues to the north at least 2.8 kilometres and possibly even further along most of the total 11.5 km strike extent of the Platreef on the property. Extensive additional drilling is being planned by Anooraq to further delineate this major PGM resource. The drilling intensive Phase Two program will explore the westerly Westerly, town (1990 pop. 21,605), Washington co., extreme SW R.I., between the Pawcatuck River and Block Island Sound; inc. 1669. Its textile industry dates from 1814, and granite has been quarried there since c.1850. down-dip extension of the tabular deposit (with priority given to holes targeted immediately west of the areas of thick platinum-palladium build up) and also the remaining 7 kilometres of prospective Platreef stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the available along strike. The property is located on the Platreef layered mafic maf·ic adj. Containing or relating to a group of dark-colored minerals, composed chiefly of magnesium and iron, that occur in igneous rocks. horizon that hosts eight PGM deposits controlled by 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 (Amplat's property) immediately to the south. The Platreef trends through the property and dips moderately to the west affording both open-pit and underground targets. Platreef mineralization is substantially thicker than Merensky Reef The Merensky Reef, is a layer of igneous rock in the Bushveld Igneous Complex (BIC) in the Transvaal which together with an underlying layer, the Upper Group 2 Reef (UG2), contains most of the the world's known reserves of platinum group metals (PGMs) or platinum group elements mineralization found elsewhere in the Bushveld and displays a range of metal concentrations which, on the basis of a selected cut-off grade, makes it possible to adapt resource tonnages and grades to meet metal market requirements. Also important is that recent fieldwork field·work n. 1. A temporary military fortification erected in the field. 2. Work done or firsthand observations made in the field as opposed to that done or observed in a controlled environment. 3. on the farm Rietfontein 2KS has identified two substantial platinum-palladium-copper-nickel soil geochemical anomalies indicative of Platreef-type PGM mineralization such as that found on Amplat's ground immediately adjacent to the west. These strong anomalies, which are 1.6 and 1.4 kilometres long, will be drill tested during Phase Two. Farm Rietfontein 2KS makes up part of the Platreef property and is located immediately southeast of Amplat's property (see map attached). Anooraq is working to acquire further mineral rights in the region through the South African company Plateau plateau, elevated, level or nearly level portion of the earth's surface, larger in summit area than a mountain and bounded on at least one side by steep slopes, occurring on land or in oceans. Resources (Pty) Limited in which Anooraq can acquire up to a 100% interest. Plateau recently acquired (through Heads of Agreement Heads of Agreement A non-binding document outlining the main issues relevant to a tentative partnership agreement. Notes: It is the draft used by lawyers when drawing up the contract. It serves as a guideline for both parties before any documents are legalized. documentation) the option to purchase a 100% interest in a portion of farm Elandsfontein which covers a northern extension to the Platreef horizon by making staged payments of approximately $530,000 ($17,000 paid) and 216,666 Anooraq shares (75,000 paid). For further details on Anooraq Resources Corporation and the Platreef property, please visit our website at www.hdgold.com or contact Investor Services at (604) 684-6365, or within North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , at 1-800-667-2114. ON BEHALF OF THE BOARD Robert G. Hunter, Chairman
Table of Analytical Results at 1.0 g/tonne PGM Cut-Off
Drill Hole
Number/
From To Intercept PGM(1) Pt Pd Rh Au Cu Ni GMV(2)
(m) (m) (m) (feet) /tonne g/tonne g/tonne % $US
/Tonne
DT-1/
75.5 77.5 2.0 6.6 5.83 1.59 3.86 0.09 0.30 0.17 0.23 106
DT-1/
113.0 123.0 10.0 32.8 2.28 0.80 1.33 0.03 0.12 0.06 0.10 41
DT-1 incl./
113.0 115.0 2.0 6.6 5.45 1.88 3.26 0.04 0.28 0.11 0.17 93
DT-2/
77.8 80.9 3.1 10.3 3.62 0.88 2.53 0.05 0.17 0.14 0.20 70
DT-2/
91.8 101.0 9.2 30.2 3.87 1.33 2.25 0.08 0.20 0.10 0.15 69
DT-2 incl./
91.8 98.0 6.2 20.3 4.88 1.81 2.69 0.12 0.26 0.12 0.18 87
DT-3/
95.3 105.0 9.7 31.8 2.27 0.79 1.30 0.05 0.13 0.07 0.11 42
DT-3 incl./
95.3 98.0 2.7 8.9 4.37 1.48 2.55 0.11 0.24 0.12 0.18 79
DT-4/
67.0 86.5 19.5 63.9 2.89 1.06 1.75 0.06 0.03 0.07 0.12 53
DT-4 incl./
73.3 82.5 9.2 30.2 4.42 1.65 2.66 0.10 0.01 0.09 0.17 80
DT-5/
64.5 68.5 4.0 13.1 2.35 0.76 1.20 0.01 0.38 0.10 0.19 47
DT-6/
94.0 126.5 32.5 106.7 1.79 0.61 1.01 0.05 0.13 0.05 0.10 34
DT-6 incl./
94.0 100.5 6.5 21.4 4.71 1.62 2.68 0.13 0.29 0.10 0.20 86
DT-6 incl./
121.6 124.5 2.9 9.4 3.73 1.34 2.11 0.09 0.19 0.09 0.19 70
DT-7/
37.8 58.7 20.9 68.6 2.94 1.13 1.57 0.10 0.15 0.10 0.13 55
DT-7 incl./
39.4 48.3 8.9 29.2 3.55 1.32 1.95 0.11 0.18 0.11 0.17 67
DT-7 incl./
52.2 58.7 6.5 21.3 3.48 1.40 1.78 0.15 0.15 0.13 0.12 63
DT-8/
21.3 28.0 6.7 22.0 2.21 0.87 1.09 0.09 0.16 0.09 0.13 43
1/
146.0 158.5 12.5 41.0 2.15 0.77 1.20 0.04 0.14 0.05 0.08 38
2/
60.0 66.0 6.0 19.7 2.02 0.90 0.98 0.03 0.11 0.06 0.08 36
3/
107.0 110.0 3.0 9.8 3.38 1.56 1.53 0.06 0.23 0.12 0.17 61
3/
123.0 136.0 13.0 42.7 2.09 0.87 1.07 0.05 0.11 0.11 0.14 42
3 incl./
124.0 129.0 5.0 16.4 3.60 1.48 1.85 0.08 0.19 0.19 0.23 71
4/
No significant intersections
5/
108.0 117.0 9.0 29.5 1.70 0.69 0.86 0.04 0.11 0.08 0.10 33
6/
46.0 54.0 8.0 26.2 2.08 0.79 1.09 0.04 0.17 0.08 0.12 40
7/
138.0 165.0 27.0 88.6 1.86 0.81 0.91 0.04 0.10 0.07 0.10 35
7 incl./
159.0 164.0 5.0 16.4 3.87 1.68 1.86 0.09 0.24 0.15 0.20 72
8/
82.0 95.0 13.0 42.7 2.62 1.07 1.40 0.04 0.12 0.12 0.16 51
8 incl./
82.0 89.0 7.0 23.0 3.36 1.37 1.79 0.05 0.15 0.14 0.21 65
9/
19.3 23.9 4.5 14.8 3.48 2.41 0.89 0.04 0.14 0.08 0.10 56
10/
Intersected post mineral dyke
11/
47.6 61.0 13.4 43.9 3.01 1.30 1.44 0.06 0.22 0.11 0.19 58
11 incl./
55.0 58.0 3.0 9.8 4.65 1.93 2.25 0.10 0.37 0.17 0.27 88
11/
85.9 111.3 25.4 83.2 2.17 1.07 0.88 0.04 0.18 0.07 0.09 38
12/
82.0 95.0 13.0 42.7 1.92 0.85 0.86 0.03 0.18 0.15 0.18 42
13/
123.7 170.0 46.3 151.9 1.60 0.69 0.77 0.03 0.11 0.08 0.11 31
13 incl./
139.0 145.0 6.0 19.7 4.61 2.18 2.00 0.09 0.34 0.18 0.26 87
13 incl./
157.3 166.0 8.7 28.5 2.32 0.91 1.23 0.04 0.14 0.10 0.14 45
14/
75.0 110.5 35.5 116.5 2.16 0.92 1.07 0.03 0.14 0.08 0.11 40
14 incl./
75.0 80.0 5.0 16.4 3.20 1.28 1.77 0.05 0.10 0.10 0.14 58
14 incl./
92.0 97.5 5.5 18.0 5.62 2.42 2.79 0.09 0.32 0.19 0.27 102
15/
126.0 151.0 25.0 82.0 2.20 0.94 1.07 0.04 0.16 0.10 0.13 42
15 incl./
126.0 131.0 5.0 16.4 3.31 1.40 1.64 0.06 0.21 0.12 0.17 62
15 incl./
147.3 150.0 2.7 9.0 4.51 2.07 1.96 0.07 0.41 0.21 0.32 89
16/
40.6 42.6 2.0 6.6 4.34 1.69 2.07 0.07 0.52 0.16 0.20 78
17/
47.0 77.0 30.0 98.4 1.26 0.54 0.62 0.02 0.10 0.09 0.12 28
17/
108.0 156.0 48.0 157.5 1.61 0.67 0.80 0.03 0.12 0.11 0.16 36
17 incl./
108.0 117.0 9.0 29.5 2.16 0.92 1.04 0.03 0.18 0.16 0.21 47
17 incl./
131.0 146.0 15.0 49.2 2.05 0.84 1.03 0.04 0.15 0.15 0.18 44
18/
65.0 77.8 12.8 42.0 3.11 1.34 1.53 0.04 0.20 0.14 0.18 59
19/
24.9 45.5 20.6 67.7 1.53 0.64 0.76 0.02 0.10 0.09 0.12 31
19 incl./
24.9 32.0 7.1 23.4 2.50 1.06 1.26 0.04 0.15 0.12 0.18 50
20/
175.0 196.6 21.6 70.8 2.53 0.99 1.25 0.03 0.26 0.16 0.21 53
20 incl./
176.0 187.8 11.8 38.5 3.28 1.26 1.60 0.05 0.37 0.19 0.26 67
20 incl./
180.0 185.0 5.0 16.4 4.26 1.69 2.19 0.07 0.31 0.24 0.31 86
21/
160.0 205.0 45.0 147.6 1.79 0.74 0.87 0.03 0.16 0.07 0.10 34
21 incl./
167.0 180.0 13.0 42.7 2.16 0.88 1.00 0.03 0.24 0.09 0.13 40
21 incl./
192.0 200.0 8.0 26.2 3.15 1.35 1.55 0.04 0.21 0.10 0.16 58
22/
58.0 69.0 11.0 36.1 2.35 0.96 1.16 0.04 0.19 0.07 0.12 43
22 incl./
64.0 68.0 4.0 13.1 4.72 1.95 2.27 0.08 0.42 0.16 0.23 86
23/
176.0 183.0 7.0 23.0 3.63 1.30 2.08 0.05 0.20 0.10 0.14 64
24/
92.0 129.0 37.0 121.4 1.31 0.44 0.74 0.02 0.13 0.17 0.20 35
24/
242.4 265.0 22.6 74.0 2.00 0.73 1.08 0.03 0.17 0.14 0.19 44
24 incl./
242.4 247.0 4.6 15.0 3.12 1.05 1.77 0.04 0.26 0.17 0.26 65
24/
297.0 299.5 2.5 8.2 3.46 1.49 1.56 0.05 0.36 0.21 0.27 71
25/
34.0 38.0 4.0 13.1 3.32 1.77 1.12 0.06 0.37 0.16 0.43 77
25 incl./
36.0 37.0 1.0 3.3 5.40 3.18 1.62 0.10 0.50 0.17 0.54 113
26/
17.0 18.1 1.1 3.6 4.08 1.82 1.95 0.06 0.26 0.17 0.26 79
26/
62.5 66.0 3.5 11.5 1.26 0.51 0.60 0.01 0.15 0.19 0.35 44
26/
120.0 138.0 18.0 59.1 1.81 0.76 0.90 0.03 0.13 0.13 0.31 49
26/
152.3 157.0 4.7 15.4 2.75 1.26 1.25 0.04 0.19 0.16 0.33 64
27/
24.2 28.0 3.8 12.5 1.55 0.60 0.79 0.02 0.15 0.10 0.25 41
27/
63.0 67.0 4.0 13.1 1.78 0.68 0.93 0.02 0.15 0.13 0.27 45
27/
118.0 123.0 5.0 16.4 2.22 0.80 1.11 0.02 0.29 0.30 0.53 71
28/
160.0 162.0 2.0 6.6 1.08 0.49 0.52 0.01 0.08 0.12 0.20 30
29/
37.6 46.0 8.4 27.4 2.98 1.23 1.57 0.03 0.14 0.10 0.23 60
29 incl./
37.6 41.0 3.4 11.0 4.43 1.62 2.54 0.05 0.22 0.13 0.29 87
30/
13.0 14.0 1.0 3.3 1.04 0.43 0.53 0.01 0.09 0.09 0.20 29
31/
52.0 54.8 2.8 9.3 2.94 1.25 1.48 0.03 0.18 0.09 0.22 59
31/
116.0 121.0 5.0 16.4 2.58 1.59 0.81 0.08 0.11 0.04 0.15 48
31 incl./
117.0 119.0 2.0 6.6 4.24 2.69 1.25 0.16 0.14 0.05 0.19 75
32/
92.0 118.0 26.0 85.3 2.24 1.22 0.83 0.12 0.06 0.03 0.14 43
32 incl./
92.0 98.0 6.0 19.7 5.01 2.73 1.87 0.29 0.12 0.04 0.20 89
32 incl./
111.0 118.0 7.0 23.0 2.59 1.43 0.92 0.16 0.07 0.04 0.17 51
33/
125.5 127.0 1.5 5.0 2.80 0.99 1.57 0.11 0.13 0.10 0.24 60
33/
221.0 222.0 1.0 3.3 1.99 0.73 1.01 0.01 0.25 0.14 0.24 46
33/
227.0 233.0 6.0 19.7 1.38 0.46 0.79 0.01 0.12 0.15 0.38 47
34/
43.0 45.0 2.0 6.6 1.14 0.16 0.90 0.01 0.07 0.08 0.19 31
35/
34.8 38.0 3.2 10.7 1.84 0.70 1.01 0.04 0.08 0.04 0.16 39
Weighted Average (except 'incl.')
13.1 43.1 2.10 0.86 1.05 0.04 0.14 0.10 0.15 42
(1)PGM = Platinum + Palladium + Rhodium + Gold
(2)GMV = Gross Metal Value of All Elements at Pt $400/oz.,
Pd $500/oz., Rh $1000/oz., Au $300/oz., Copper $0.70/lb.,
Nickel $3.00/lb
(Note: Current metal prices are Pt $594/oz., Pd $704/oz.,
Rh $2,600/oz., Au $278/oz., Copper $0.82/lb., Nickel
$3.72/lb)
Gross Metal Values are for reference only and are not meant to
imply mineralized material is economically mineable. Feasibility
studies are required to determine if mineralized material is ore.
Table of Weighted Average Intercepts at Various Cut-offs
Cut-off Intercept PGM(1) Pt Pd Rh Au Cu Ni GMV(2)
Grade (g/ (m) (feet) g/tonne g/tonne g/tonne % $US
tonne) /tonne
1.0 13.1 43.1 2.10 0.86 1.05 0.04 0.14 0.10 0.15 42
1.7 5.8 19.1 2.96 1.24 1.47 0.06 0.20 0.12 0.19 58
3.0 3.6 11.7 4.10 1.68 2.09 0.08 0.24 0.13 0.21 76
5.0 1.3 4.3 6.14 2.56 3.07 0.14 0.37 0.18 0.29 112
(1)PGM = Platinum + Palladium + Rhodium + Gold
(2)GMV = Gross Metal Value of All Elements at Pt $400/oz.,
Pd $500/oz., Rh $1000/oz., Au $300/oz., Copper $0.70/lb.,
Nickel $3.00/lb
(Note: Current metal prices are Pt $594/oz., Pd $704/oz.,
Rh $2,600/oz., Au $278/oz., Copper $0.82/lb., Nickel
$3.72/lb)
Gross Metal Values are for reference only and are not meant to
imply mineralized material is economically mineable. Feasibility
studies are required to determine if mineralized material is ore.
NOTE: Location map available from the company at their website, www.hdgold.com |
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