Anooraq-Anglo Platinum Boikgantsho Joint Venture; Infill Drilling Program Confirms Continuity of Drenthe Deposit.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 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 -- 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 )(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" ) announces that the results from the 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. core drilling program have confirmed the continuity of the 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. within 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 ") 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. Drenthe is one of two deposits (Drenthe and Overysel North) being developed under the Boikgantsho Platinum Mine Joint Venture agreement ("JV") between Anooraq (50%) and 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". Limited ("Anglo Platinum", 50%). The goal of the JV is to delineate and develop large-scale PGM deposits amenable AMENABLE. Responsible; subject to answer in a court of justice liable to punishment. to open pit mining. The Drenthe and Overysel North deposits are located on the Northern Limb of the Bushveld bushveld Noun S African bushy countryside [Afrikaans] Complex, 250 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 2005 infill drilling program focused on the Drenthe deposit, testing the mineralization on a 50 by 50 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, grid pattern in order to define measured mineral resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature and advance the project toward a Bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. Feasibility Study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. . The program tested the entire area within the provisional Temporary; not permanent. Tentative, contingent, preliminary. A provisional civil service appointment is a temporary position that fills a vacancy until a test can be properly administered and statutory requirements can be fulfilled to make a permanent appointment. open pit design for the Drenthe deposit that was used for the March 2005 Preliminary Assessment. One hundred and thirty six vertical holes, totaling 24,418.23 metres, were drilled from January to June 2005. Representative results from the final holes in the program are listed in the Table of Boikgantsho Assay Results - 2005 (attached). Highlights include: - 1.67 g/t 3PGM, 0.19% Ni and 0.12% Cu over 90.0 metres in hole PR-318 - 1.47 g/t 3PGM, 0.15% Ni and 0.08% Cu over 48.0 metres in hole PR-334 - 1.63 g/t 3PGM, 0.21% Ni and 0.14% Cu over 54.2 metres in hole PR-350 - 3.38 g/t 3PGM, 0.22% Ni and 0.16% Cu over 11.2 metres in hole PR-357 - 2.02 g/t 3PGM, 0.19% Ni and 0.11% Cu over 15.0 metres in hole PR-364 Tabulations of the 2005 results and a map showing the locations of all of the holes drilled in the Drenthe deposit since 1998 are posted on Anooraq's website. The results from 2005 program confirm both the robustness of the geological ge·ol·o·gy n. pl. ge·ol·o·gies 1. The scientific study of the origin, history, and structure of the earth. 2. The structure of a specific region of the earth's crust. 3. A book on geology. model and down-dip consistency of the PGM mineralization within the Drenthe deposit - from surface to vertical depths exceeding 300 metres. The block model for the Drenthe deposit has been updated with these results. Resource modeling, which began in early August, will form the basis for mine planning in the Pre-feasibility study that has 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. 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 this drilling program. The procedure for the program was as follows: core samples were sent to Set Point Laboratories in Mokopane, 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 a 180 gram pulp from each sample was 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 for analysis. Samples were analysed by Fire Assay (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. For the 2005 program, a duplicate of one in every 20 samples was sent to Set Point Laboratories (an ISO 17025:2004 accredited laboratory) in Johannesburg, South Africa for checks of the analyses for Pt, Pd, Au, Cu and Ni. Anooraq is actively engaged in the advancement of platinum group metals projects in the Bushveld Complex, the world's premier PGM environment. In addition to attractive land positions on the Northern and Western Limbs LIMBS. Those members of a man which may be useful to him in flight, and the unlawful deprivation of which by another amounts to a mayhem at common law. 1 Bl. Com. 130. If a man, se defendendo, commit homicide, he will be excused; and if he enter into an apparent contract, under a of the Bushveld, the Company holds a 50% interest in the advanced stage Ga-Phasha PGM project on the Eastern Limb. Anooraq is the only Black Economic Empowerment Black Economic Empowerment (BEE) is a program launched by the South African government to redress the inequalities of Apartheid by giving previously disadvantaged groups (black Africans, Coloureds and Indians) economic opportunities previously not available to them. ("BEE bee, name for flying insects of the superfamily Apoidea, in the same order as the ants and the wasps. Bees are characterized by their enlarged hind feet, typically equipped with pollen baskets of stiff hairs for gathering pollen. ") company with a primary listing on a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. stock exchange. This combination of significant PGM assets, status as a BEE entity, and direct access to financing opportunities through North American and European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. markets, positions Anooraq to become a leading PGM company. 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. For further details on Anooraq and its South African properties please visit the Company's website www.anooraqresources.com. 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, and 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 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. BOIKGANTSHO ASSAY TABLE ------------------------------------------------------------ Hole From To Interval Interval PGM(1) Number (metres) (metres) (metres) (feet) (g/tonne) ------------------------------------------------------------ PR-309 50.00 59.00 9.00 29.5 1.95 ------------------------------------------------------------ PR-309 271.00 291.00 20.00 65.6 1.46 ------------------------------------------------------------ PR-317 99.00 109.00 10.00 32.8 1.89 ------------------------------------------------------------ PR-317 148.00 170.00 22.00 72.2 1.17 ------------------------------------------------------------ PR-318 179.00 269.00 90.00 295.3 1.67 ------------------------------------------------------------ PR-319 397.00 407.00 10.00 32.8 1.56 ------------------------------------------------------------ PR-320 141.05 165.00 23.95 78.6 1.36 ------------------------------------------------------------ PR-323 10.90 30.00 19.10 62.7 1.47 ------------------------------------------------------------ PR-323 118.44 130.00 11.56 37.9 1.33 ------------------------------------------------------------ PR-324 30.69 77.00 46.31 151.9 1.37 ------------------------------------------------------------ PR-329 25.27 32.00 6.73 22.1 2.09 ------------------------------------------------------------ PR-329 38.00 129.60 91.60 300.5 1.58 ------------------------------------------------------------ PR-329 302.00 318.00 16.00 52.5 1.05 ------------------------------------------------------------ PR-330 2.61 88.00 85.39 280.2 0.86 ------------------------------------------------------------ PR-331 6.49 43.00 36.51 119.8 1.15 ------------------------------------------------------------ PR-331 54.00 72.40 18.40 60.4 1.21 ------------------------------------------------------------ PR-331 159.00 167.00 8.00 26.2 2.29 ------------------------------------------------------------ PR-332 34.70 40.27 5.57 18.3 2.52 ------------------------------------------------------------ PR-333 29.62 39.00 9.38 30.8 1.51 ------------------------------------------------------------ PR-333 147.00 171.00 24.00 78.7 1.53 ------------------------------------------------------------ PR-334 94.00 142.00 48.00 157.5 1.47 ------------------------------------------------------------ PR-334 132.00 142.00 10.00 32.8 1.65 ------------------------------------------------------------ PR-336 98.79 113.75 14.96 49.1 1.12 ------------------------------------------------------------ PR-337 22.00 59.75 37.75 123.9 1.47 ------------------------------------------------------------ PR-343 2.15 15.00 12.85 42.2 1.52 ------------------------------------------------------------ PR-343 29.00 41.00 12.00 39.4 1.10 ------------------------------------------------------------ PR-343 93.00 118.63 25.63 84.1 1.49 ------------------------------------------------------------ PR-343 279.00 294.00 15.00 49.2 0.99 ------------------------------------------------------------ PR-344 10.08 42.00 31.92 104.7 1.35 ------------------------------------------------------------ PR-344 150.00 169.00 19.00 62.3 0.79 ------------------------------------------------------------ PR-344 219.45 240.16 20.71 67.9 1.11 ------------------------------------------------------------ PR-345 1.55 39.00 37.45 122.9 1.35 ------------------------------------------------------------ PR-345 168.92 189.00 20.08 65.9 1.45 ------------------------------------------------------------ PR-346 41.09 89.00 47.91 157.2 1.24 ------------------------------------------------------------ PR-347 0.88 21.00 20.12 66.0 0.98 ------------------------------------------------------------ PR-347 76.00 94.85 18.85 61.8 1.51 ------------------------------------------------------------ PR-348 55.64 70.00 14.36 47.1 1.13 ------------------------------------------------------------ PR-348 78.00 83.98 5.98 19.6 2.18 ------------------------------------------------------------ PR-349 76.00 89.00 13.00 42.7 1.25 ------------------------------------------------------------ PR-349 87.00 124.00 37.00 121.4 1.48 ------------------------------------------------------------ PR-350 33.82 88.00 54.18 177.8 1.63 ------------------------------------------------------------ PR-355 63.00 78.00 15.00 49.2 1.76 ------------------------------------------------------------ PR-355 139.00 153.00 14.00 45.9 1.15 ------------------------------------------------------------ PR-356 180.92 205.20 24.28 79.7 1.40 ------------------------------------------------------------ PR-357 27.00 38.00 11.00 36.1 1.48 ------------------------------------------------------------ PR-357 69.00 80.16 11.16 36.6 3.38 ------------------------------------------------------------ PR-358 61.39 78.00 16.61 54.5 1.48 ------------------------------------------------------------ PR-359 89.58 156.11 66.53 218.3 1.06 ------------------------------------------------------------ PR-360 35.00 100.00 65.00 213.3 0.95 ------------------------------------------------------------ PR-360 133.21 155.00 21.79 71.5 1.20 ------------------------------------------------------------ PR-361 46.84 61.52 14.68 48.2 1.21 ------------------------------------------------------------ PR-362 1.33 19.99 18.66 61.2 0.65 ------------------------------------------------------------ PR-362 75.00 98.00 23.00 75.5 1.38 ------------------------------------------------------------ PR-364 54.00 69.00 15.00 49.2 2.02 ------------------------------------------------------------ PR-366 42.22 50.85 8.63 28.3 1.89 ------------------------------------------------------------ PR-368 88.00 97.16 9.16 30.1 2.34 ------------------------------------------------------------ ------------------------------------------------------------ Hole Nickel Copper Pt Pd Au Number (%) (%) g/tonne g/tonne g/tonne ------------------------------------------------------------ PR-309 0.18 0.13 0.90 0.92 0.13 ------------------------------------------------------------ PR-309 0.16 0.11 0.56 0.80 0.10 ------------------------------------------------------------ PR-317 0.20 0.12 0.70 1.07 0.12 ------------------------------------------------------------ PR-317 0.15 0.09 0.45 0.60 0.13 ------------------------------------------------------------ PR-318 0.19 0.12 0.67 0.86 0.13 ------------------------------------------------------------ PR-319 0.16 0.10 0.62 0.83 0.10 ------------------------------------------------------------ PR-320 0.16 0.10 0.52 0.76 0.09 ------------------------------------------------------------ PR-323 0.21 0.13 0.74 0.60 0.13 ------------------------------------------------------------ PR-323 0.16 0.10 0.45 0.79 0.09 ------------------------------------------------------------ PR-324 0.13 0.08 0.56 0.72 0.09 ------------------------------------------------------------ PR-329 0.29 0.23 0.68 1.21 0.20 ------------------------------------------------------------ PR-329 0.28 0.21 0.68 0.76 0.14 ------------------------------------------------------------ PR-329 0.14 0.09 0.36 0.61 0.08 ------------------------------------------------------------ PR-330 0.18 0.13 0.34 0.43 0.09 ------------------------------------------------------------ PR-331 0.22 0.20 0.52 0.50 0.13 ------------------------------------------------------------ PR-331 0.24 0.20 0.51 0.59 0.12 ------------------------------------------------------------ PR-331 0.15 0.07 0.95 1.23 0.10 ------------------------------------------------------------ PR-332 0.26 0.16 1.04 1.29 0.20 ------------------------------------------------------------ PR-333 0.16 0.11 0.60 0.77 0.13 ------------------------------------------------------------ PR-333 0.18 0.12 0.60 0.82 0.11 ------------------------------------------------------------ PR-334 0.15 0.08 0.64 0.72 0.11 ------------------------------------------------------------ PR-334 0.17 0.09 0.77 0.75 0.14 ------------------------------------------------------------ PR-336 0.14 0.09 0.51 0.53 0.08 ------------------------------------------------------------ PR-337 0.22 0.15 0.61 0.71 0.16 ------------------------------------------------------------ PR-343 0.26 0.25 0.54 0.77 0.20 ------------------------------------------------------------ PR-343 0.13 0.11 0.45 0.54 0.10 ------------------------------------------------------------ PR-343 0.19 0.15 0.65 0.73 0.11 ------------------------------------------------------------ PR-343 0.14 0.09 0.41 0.50 0.08 ------------------------------------------------------------ PR-344 0.16 0.13 0.65 0.60 0.11 ------------------------------------------------------------ PR-344 0.17 0.14 0.25 0.47 0.07 ------------------------------------------------------------ PR-344 0.17 0.11 0.43 0.60 0.08 ------------------------------------------------------------ PR-345 0.18 0.13 0.57 0.68 0.10 ------------------------------------------------------------ PR-345 0.15 0.09 0.57 0.81 0.08 ------------------------------------------------------------ PR-346 0.16 0.09 0.55 0.62 0.07 ------------------------------------------------------------ PR-347 0.17 0.13 0.27 0.65 0.06 ------------------------------------------------------------ PR-347 0.18 0.12 0.53 0.77 0.22 ------------------------------------------------------------ PR-348 0.15 0.09 0.48 0.58 0.07 ------------------------------------------------------------ PR-348 0.25 0.19 0.98 1.03 0.18 ------------------------------------------------------------ PR-349 0.17 0.10 0.57 0.62 0.07 ------------------------------------------------------------ PR-349 0.16 0.12 0.63 0.74 0.11 ------------------------------------------------------------ PR-350 0.21 0.14 0.77 0.72 0.14 ------------------------------------------------------------ PR-355 0.19 0.12 0.78 0.85 0.13 ------------------------------------------------------------ PR-355 0.15 0.10 0.46 0.60 0.09 ------------------------------------------------------------ PR-356 0.21 0.15 0.52 0.78 0.10 ------------------------------------------------------------ PR-357 0.17 0.12 0.66 0.70 0.12 ------------------------------------------------------------ PR-357 0.22 0.16 1.66 1.47 0.25 ------------------------------------------------------------ PR-358 0.15 0.10 0.65 0.74 0.09 ------------------------------------------------------------ PR-359 0.19 0.14 0.37 0.59 0.10 ------------------------------------------------------------ PR-360 0.17 0.12 0.33 0.53 0.09 ------------------------------------------------------------ PR-360 0.13 0.09 0.56 0.57 0.08 ------------------------------------------------------------ PR-361 0.18 0.11 0.57 0.52 0.12 ------------------------------------------------------------ PR-362 0.16 0.13 0.30 0.25 0.11 ------------------------------------------------------------ PR-362 0.15 0.08 0.59 0.71 0.08 ------------------------------------------------------------ PR-364 0.19 0.11 0.94 0.93 0.15 ------------------------------------------------------------ PR-366 0.19 0.09 0.86 0.88 0.15 ------------------------------------------------------------ PR-368 0.27 0.17 0.92 1.26 0.17 ------------------------------------------------------------ (1) PGM equals Platinum + Palladium + Gold The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. and the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. have neither approved nor disapproved of the contents of this press release. Anooraq Resources Corporation (TSX VENTURE:ARQ) (AMEX:ANO) |
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