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Anooraq-Anglo Platinum Joint Venture Drilling Increasing Grade and Size Of Drenthe PGM 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
 -- 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 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 from a major ongoing multi-rig core 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 the Boikgantsho 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.  Mine 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 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". "). Importantly, the drill results are indicating increases in both the size and grade of the deposit.

Drenthe is a large, near-surface PGM deposit that is potentially amenable AMENABLE. Responsible; subject to answer in a court of justice liable to punishment.  to open pit mining. In 2003 and prior to the current drilling program, independent qualified person G.J. van der Heever, Pr.Sci.Nat., estimated that the deposit contains over 4 million ounces of combined 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 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, . At that time, the deposit was outlined by about 43 core holes over a 2.25 kilometre strike length on the Drenthe farm, but was known to be open to the north and south onto the adjoining Witrivier farm and Overysel farm, respectively, as well as down dip dip, in agriculture, method of treating animals (chiefly livestock) infested with skin parasites such as mites, ticks, and warbles. The animal is dipped into or forced to swim through a tank filled with an insecticide solution.  to the west.

The current drill program consists of step-out and 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.
  drilling on the Drenthe and Witrivier farms and step-out drilling on the northern portion of the Overysel farm. Typically, two holes have been drilled on sections that are spaced, on average, at 100 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,
  intervals along strike, both within the known Drenthe deposit and along the newly outlined portions of the deposit on Overysel and Witrivier. To the end of May, 16,662 metres of NQ core in 88 drill holes had been drilled in the current program. Results received to date for holes numbered PR 77 through PR132 are listed in Table 1 - Boikgantsho Joint Venture Assay Results (attached). Results for all holes as well as maps showing drill hole locations are posted on Anooraq's website.

The program has been very successful, with a significant number of holes encountering 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.
 intervals of equal or higher grade than the previously outlined resource. Significantly, the PGM 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.
 has now been traced for a total strike length of 6.0 kilometres on the Drenthe, Overysel and Witrivier farms, considerably expanding the deposit.

The Drenthe deposit occurs on the Northern Limb of the Bushveld bushveld
Noun

S African bushy countryside [Afrikaans]
 Complex, about 13 kilometres 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 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. A Phase 2 program will soon be initiated. Phase 2 involves additional drilling to decrease drill hole spacing in order to establish a higher confidence category for the outlined resource. The Phase 1 and Phase 2 drilling programs also include collection of geotechnical and engineering data, as well as 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.
 testing of drill core samples. This engineering work will increase during Phase 2, and upon completion, new resource estimates will be completed and mine planning commenced. The technical programs are designed to advance the Drenthe deposit to the pre-feasibility stage by the end of 2004.

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 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 for analysis. Samples are analysed by Fire Assay (FA) fusion fusion, in physics.

1 The change of a substance from the solid to the liquid state, also known as melting. The heat given up by a unit mass of a substance during fusion is called the latent heat of fusion. See also melting point.
 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 2004 program, a duplicate of one in every 20 samples is sent to Set Point Laboratories in Johannesburg, South Africa for check analysis. Keith Roberts
For the former head of the Grenadian security forces, see Keith Roberts (Grenada).


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 drilling program.

Anooraq is actively engaged in the advancement A gift of money or property made by a person while alive to his or her child or other legally recognized heir, the value of which the person intends to be deducted from the child's or heir's eventual share in the estate after the giver's death.  of major platinum group metals projects in the Bushveld Complex, the world's premier PGM environment. In addition to its attractive 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, Anooraq recently received a key approval from the South African Reserve Bank The South African Reserve Bank is the central bank of South Africa. It was established in 1921 after Parliament passed an act, the "Currency and Bank Act of 10 August 1920," as a direct result of the abnormal monetary and financial conditions which World War I had brought.  for a reverse takeover A reverse takeover occurs when a publicly-traded smaller company acquires ownership of a larger company. It typically requires reorganization of capitalization of the acquiring company.  by Pelawan Investments (Pty) Ltd. On completion of this transaction, the Company will acquire 50% of a substantial advanced stage PGM project on the Eastern Limb, and will be transformed into a 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.  company, a status that is required for development of new mines in South Africa. The combination of substantial North American North American

named after North America.


North American blastomycosis
see North American blastomycosis.

North American cattle tick
see boophilusannulatus.
 and South African mining expertise, PGM assets, and direct access to North American and European European

emanating from or pertaining to Europe.


European bat lyssavirus
see lyssavirus.

European beech tree
fagussylvaticus.

European blastomycosis
see cryptococcosis.
 financial markets, positions Anooraq to become a leading PGM growth company.

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 Exploitation
See also Opportunism.

Barnum, P. T.

(1810–1891) circus impressario famous for his saying, “Never give a sucker an even break.” [Am. Hist.
 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.
BOIKGANTSHO JOINT VENTURE ASSAY RESULTS
---------------------------------------------------------------------
---------------------------------------------------------------------
                         Int-   PGM                               IMV
                  Inter-  er-   (1)             Pt    Pd    Au    (2)
        From    To   val  val   (g/ Nic- Cop-  (g/   (g/   (g/  ($US/
Hole   (met- (met- (met- (fe-  ton-  kel  per ton-  ton-  ton-   Ton-
Number  res)  res)  res) et)   ne)   (%)  (%)  ne)   ne)   ne)    ne)
---------------------------------------------------------------------
PR-077  40.0  52.0  12.0  39  1.42  0.15 0.10 0.54  0.79  0.09  34.82
---------------------------------------------------------------------
PR-077  60.0  82.0  22.0  72  1.66  0.17 0.14 0.67  0.80  0.20  41.88
---------------------------------------------------------------------
PR-077  90.0  93.0   3.0  10  1.39  0.15 0.12 0.60  0.68  0.11  36.13
---------------------------------------------------------------------
PR-077  99.0 101.0   2.0   7  1.15  0.12 0.10 0.49  0.56  0.10  30.06
---------------------------------------------------------------------
PR-078  44.0  47.0   3.0  10  1.97  0.21 0.16 0.70  1.15  0.13  48.19
---------------------------------------------------------------------
PR-079 113.0 126.0  13.0  43  3.40  0.11 0.08 1.38  1.84  0.18  57.94
---------------------------------------------------------------------
PR-080 155.0 162.0   7.0  23  1.98  0.12 0.08 0.69  1.20  0.10  38.21
---------------------------------------------------------------------
PR-080 186.0 205.0  19.0  62  2.47  0.14 0.08 1.08  1.24  0.15  49.48
---------------------------------------------------------------------
PR-081  21.0  39.8  18.8  62  2.39  0.24 0.15 0.97  1.24  0.19  58.91
---------------------------------------------------------------------
PR-081  67.0  69.3   2.3   8  2.75  0.25 0.26 1.32  1.25  0.18  69.56
---------------------------------------------------------------------
PR-082  59.0  69.0  10.0  33  2.84  0.13 0.08 1.01  1.68  0.16  49.76
---------------------------------------------------------------------
PR-082  77.5  79.0   1.5   5  1.67  0.06 0.05 0.60  0.96  0.11  27.83
---------------------------------------------------------------------
PR-082 113.0 115.1   2.1   7  2.32  0.12 0.07 0.79  1.42  0.11  41.28
---------------------------------------------------------------------
PR-082 139.7 141.9   2.2   7  1.38  0.06 0.03 0.67  0.64  0.07  26.19
---------------------------------------------------------------------
PR-083  39.3 106.8  67.5 221  1.35  0.13 0.11 0.55  0.69  0.10  33.60
---------------------------------------------------------------------
PR-083
 Incl.  64.0 106.8  42.8 140  1.64  0.16 0.14 0.68  0.83  0.13  40.73
---------------------------------------------------------------------
PR-083 124.0 127.0   3.0  10  1.48  0.20 0.13 0.59  0.79  0.10  41.80
---------------------------------------------------------------------
PR-084 109.7 122.0  12.3  40  2.04  0.17 0.11 0.83  1.09  0.11  45.61
---------------------------------------------------------------------
PR-084 142.0 148.0   6.0  20  1.24  0.16 0.09 0.53  0.61  0.10  35.19
---------------------------------------------------------------------
PR-084 165.0 168.0   3.0  10  1.67  0.13 0.07 0.73  0.84  0.10  37.18
---------------------------------------------------------------------
PR-085 112.0 114.0   2.0   7  1.68  0.07 0.03 0.78  0.86  0.05  31.41
---------------------------------------------------------------------
PR-086  47.6  57.0   9.4  31  1.89  0.08 0.07 0.87  0.94  0.08  35.62
---------------------------------------------------------------------
PR-087  79.5 105.0  25.5  84  1.88  0.14 0.09 0.77  0.97  0.14  41.26
---------------------------------------------------------------------
PR-088   3.6  35.0  31.4 103  1.49  0.17 0.14 0.64  0.72  0.14  40.11
---------------------------------------------------------------------
PR-088  92.9 106.0  13.1  43  1.38  0.13 0.11 0.58  0.68  0.13  34.27
---------------------------------------------------------------------
PR-089 133.0 150.0  17.0  56  2.06  0.10 0.07 0.79  1.15  0.13  37.82
---------------------------------------------------------------------
PR-089
 Incl. 133.0 139.0   6.0  20  4.12  0.15 0.10 1.54  2.34 0.24   69.88
---------------------------------------------------------------------
PR-090 143.0 158.0  15.0  49  1.52  0.12 0.09 0.57  0.85  0.10  33.60
---------------------------------------------------------------------
PR-090 171.0 203.0  32.0 105  1.06  0.12 0.08 0.42  0.55  0.08  27.26
---------------------------------------------------------------------
PR-090
 Incl. 172.0 176.0   4.0  13  1.50  0.18 0.14 0.62  0.71 0.17   41.49
---------------------------------------------------------------------
PR-090
 Incl. 191.0 203.0  12.0  39  1.52  0.16 0.11 0.59  0.81 0.11   38.10
---------------------------------------------------------------------
PR-091 129.1 147.0  17.9  59  1.49  0.08 0.07 0.59  0.81  0.10  29.15
---------------------------------------------------------------------
PR-091
 Incl. 129.1 134.0   4.9  16  2.34  0.11 0.08 0.93  1.30  0.11  42.66
---------------------------------------------------------------------
PR-091 167.2 182.0  14.8  49  1.51  0.07 0.06 0.66  0.78  0.07  28.98
---------------------------------------------------------------------
PR-091
 Incl. 167.2 172.0   4.8  16  3.44  0.12 0.09 1.57  1.72 0.15   61.84
---------------------------------------------------------------------
PR-092  46.0  68.0  22.0  72  1.04  0.08 0.05 0.43  0.54  0.07  22.44
---------------------------------------------------------------------
PR-092
 Incl.  55.6  65.0   9.4  31  1.44  0.11 0.07 0.57  0.77  0.10  31.07
---------------------------------------------------------------------
PR-093  53.0  92.0  39.0 128  1.09  0.13 0.13 0.38  0.62  0.09  28.85
---------------------------------------------------------------------
PR-093  69.0  92.0  23.0  76  1.39  0.15 0.16 0.52  0.77  0.11  36.42
---------------------------------------------------------------------
PR-093  53.0 102.0  49.0 161  0.98  0.11 0.11 0.35  0.56  0.07  25.73
---------------------------------------------------------------------
PR-093 196.0 209.0  13.0  43  1.88  0.19 0.15 0.76  0.96  0.17  46.54
---------------------------------------------------------------------
PR-093 196.0 219.0  23.0  76  1.43  0.15 0.12 0.58  0.73  0.12  36.15
---------------------------------------------------------------------
PR-093 224.0 230.0   6.0  20  0.98  0.10 0.08 0.40  0.50  0.08  24.77
---------------------------------------------------------------------
PR-093 196.0 256.0  60.0 197  1.08  0.11 0.09 0.44  0.56  0.09  27.51
---------------------------------------------------------------------
PR-093 237.4 254.0  16.6  54  1.20  0.12 0.09 0.48  0.63  0.09  30.07
---------------------------------------------------------------------
PR-096 102.2 106.0   3.8  12  3.33  0.11 0.09 1.50  1.47  0.36  60.80
---------------------------------------------------------------------
PR-096 109.0 127.0  18.0  59  3.41  0.12 0.09 1.48  1.74  0.19  60.27
---------------------------------------------------------------------
PR-096 137.0 144.0   7.0  23  3.42  0.07 0.06 1.55  1.69  0.18  55.73
---------------------------------------------------------------------
PR-096 193.0 197.0   4.0  13  1.53  0.05 0.04 0.67  0.79  0.07  26.98
---------------------------------------------------------------------
PR-097 121.0 122.0   1.0   3  2.47  0.10 0.05 1.05  1.38  0.04  43.65
---------------------------------------------------------------------
PR-098 No significant intercept
---------------------------------------------------------------------
PR-099  63.0  70.0   7.0  23  1.18  0.13 0.05 0.44  0.70  0.05  28.99
---------------------------------------------------------------------
PR-099  65.0  70.0   5.0  16  1.31  0.14 0.06 0.49  0.76  0.06  32.21
---------------------------------------------------------------------
PR-100  98.0 100.4   2.4   8  1.37  0.07 0.05 0.58  0.70  0.09  26.85
---------------------------------------------------------------------
PR-101  15.0  19.0   4.0  13  1.66  0.09 0.06 0.69  0.85  0.11  32.22
---------------------------------------------------------------------
PR-101  57.0  79.0  22.0  72  1.33  0.08 0.06 0.50  0.75  0.08  26.43
---------------------------------------------------------------------
PR-101  88.0  89.4   1.4   5  3.01  0.24 0.13 1.18  1.72  0.11  65.37
---------------------------------------------------------------------
PR-102  18.3  22.5   4.2  14  1.53  0.24 0.20 0.74  0.64  0.15  50.56
---------------------------------------------------------------------
PR-102  34.0  44.5  10.5  35  0.95  0.15 0.09 0.43  0.44  0.08  30.28
---------------------------------------------------------------------
PR-102 109.5 121.0  11.5  38  1.10  0.12 0.08 0.47  0.54  0.09  28.98
---------------------------------------------------------------------
PR-102 130.0 131.0   1.0   3  0.47  0.05 0.06 0.21  0.22  0.04  12.34
---------------------------------------------------------------------
PR-102 159.0 163.0   4.0  13  1.81  0.19 0.12 0.75  0.94  0.11  45.88
---------------------------------------------------------------------
PR-102 186.0 188.0   2.0   7  1.14  0.15 0.09 0.46  0.59  0.10  31.56
---------------------------------------------------------------------
PR-103   8.0  65.0  57.0 187  2.44  0.11 0.07 1.21  1.09  0.14  48.21
---------------------------------------------------------------------
PR-103
 Incl.  25.6  45.0  19.4  64  4.83  0.18 0.10 2.44  2.12  0.28  92.04
---------------------------------------------------------------------
PR-104  55.1  82.0  26.9  88  1.50  0.10 0.05 0.63  0.77  0.10  31.00
---------------------------------------------------------------------
PR-105  45.5  60.7  15.2  50  1.34  0.24 0.17 0.49  0.75  0.10  44.39
---------------------------------------------------------------------
PR-105  76.8  79.5   2.7   9  1.43  0.17 0.10 0.50  0.85  0.08  36.55
---------------------------------------------------------------------
PR-105  86.0 102.0  16.0  53  2.66  0.23 0.13 1.21  1.27  0.19  63.01
---------------------------------------------------------------------
PR-105
 Incl.  88.0  95.0   7.0  23  3.76  0.33 0.18 1.75  1.74  0.28  89.96
---------------------------------------------------------------------
PR-105 109.0 112.0   3.0  10  1.39  0.11 0.08 0.62  0.68  0.09  31.55
---------------------------------------------------------------------
PR-106 116.1 164.4  48.3 158  2.08  0.10 0.06 0.85  1.12  0.10  38.95
---------------------------------------------------------------------
PR-106
 Incl. 117.0 122.5   5.5  18  3.29  0.17 0.09 1.40  1.70  0.19  63.40
---------------------------------------------------------------------
PR-106
 Incl. 132.0 140.0   8.0  26  4.20  0.19 0.11 1.70  2.34  0.16  76.19
---------------------------------------------------------------------
PR-107  53.0  69.0  16.0  53  2.93  0.18 0.08 1.20  1.56  0.18  58.28
---------------------------------------------------------------------
PR-107
 Incl.  55.0  65.0  10.0  33  3.88  0.23 0.11 1.57  2.08  0.24  76.20
---------------------------------------------------------------------
PR-107  79.0  82.0   3.0  10  1.60  0.13 0.07 0.77  0.74  0.08  37.78
---------------------------------------------------------------------
PR-108   0.0  73.0  73.0 240  1.37  0.19 0.12 0.64  0.60  0.13  41.05
---------------------------------------------------------------------
PR-108
 Incl.   0.0  18.5  18.5  61  1.32  0.12 0.08 0.76  0.45  0.11  35.10
---------------------------------------------------------------------
PR-108
 Incl.  25.0  51.5  26.5  87  1.76  0.28 0.16 0.79  0.79  0.18  56.25
---------------------------------------------------------------------
PR-108
 Incl.  65.5  71.0   5.5  18  1.79  0.28 0.20 0.64  0.98  0.17  54.50
---------------------------------------------------------------------
PR-108 112.6 116.0   3.4  11  1.12  0.21 0.15 0.38  0.62  0.12  37.98
---------------------------------------------------------------------
PR-108 124.4 126.5   2.1   7  1.41  0.15 0.11 0.56  0.77  0.08  35.27
---------------------------------------------------------------------
PR-108 135.5 148.8  13.3  44  1.15  0.15 0.09 0.46  0.58  0.11  31.67
---------------------------------------------------------------------
PR-108 189.0 195.7   6.7  22  1.69  0.15 0.11 0.72  0.82  0.14  40.62
---------------------------------------------------------------------
PR-109  53.0 105.0  52.0 171  1.65  0.21 0.13 0.70  0.82  0.13  45.53
---------------------------------------------------------------------
PR-109
 Incl.  65.0  84.0  19.0  62  2.07  0.26 0.14 0.87  1.04  0.16  56.71
---------------------------------------------------------------------
PR-109
 Incl.  92.0 100.0   8.0  26  2.16  0.25 0.21 0.97  1.00  0.19  59.22
---------------------------------------------------------------------
PR-110 144.0 155.0  11.0  36  1.98  0.19 0.11 0.83  1.02  0.14  47.60
---------------------------------------------------------------------
PR-110
 Incl. 149.3 153.7   4.4  14  3.07  0.28 0.16 1.30  1.54  0.23  73.30
---------------------------------------------------------------------
PR-111  10.0  19.0   9.0  30  1.34  0.10 0.07 0.74  0.49  0.12  32.05
---------------------------------------------------------------------
PR-111  38.1  43.0   4.9  16  1.81  0.11 0.08 0.71  1.00  0.10  35.92
---------------------------------------------------------------------
PR-111  52.5  56.0   3.5  12  2.50  0.09 0.05 1.43  1.01  0.06  48.87
---------------------------------------------------------------------
PR-111  66.5  68.0   1.5   5  7.04  0.20 0.15 3.18  3.57  0.30 120.75
---------------------------------------------------------------------
PR-112  59.5  62.0   2.5   8  1.08  0.12 0.08 0.42  0.59  0.07  27.22
---------------------------------------------------------------------
PR-113 157.5 185.0  27.5  90  2.06  0.11 0.07 0.82  1.12  0.11  39.32
---------------------------------------------------------------------
PR-113 199.0 203.6   4.6  15  4.85  0.21 0.14 2.19  2.22  0.44  92.44
---------------------------------------------------------------------
PR-114  63.0  68.0   5.0  16  1.07  0.17 0.08 0.57  0.41  0.09  35.10
---------------------------------------------------------------------
PR-114  72.0  74.6   2.6   9  1.08  0.17 0.05 0.61  0.39  0.07  35.32
---------------------------------------------------------------------
PR-114  81.0 152.0  71.0 233  1.29  0.15 0.09 0.53  0.68  0.09  34.11
---------------------------------------------------------------------
PR-114
 Incl.  97.0 100.0   3.0  10  2.92  0.36 0.20 0.92  1.83  0.16  74.54
---------------------------------------------------------------------
PR-115  53.0  69.0  16.0  53  3.46  0.16 0.10 1.53  1.72  0.21  66.03
---------------------------------------------------------------------
PR-115
 Incl.  54.7  65.0  10.3  34  4.35  0.21 0.12 1.95  2.15  0.26  83.98
---------------------------------------------------------------------
PR-115  73.0  76.0   3.0  10  1.43  0.11 0.07 0.55  0.79  0.09  31.15
---------------------------------------------------------------------
PR-116  42.0  45.0   3.0  10  5.51  0.46 0.33 2.89  2.24  0.39 136.55
---------------------------------------------------------------------
PR-116  65.0  67.0   2.0   7  0.95  0.27 0.17 0.37  0.49  0.09  42.92
---------------------------------------------------------------------
PR-116 153.0 162.0   9.0  30  1.59  0.18 0.10 0.64  0.85  0.10  41.23
---------------------------------------------------------------------
PR-116
 Incl. 153.0 155.0   2.0   7  2.72  0.24 0.12 1.11  1.48  0.14  62.65
---------------------------------------------------------------------
PR-116 165.0 167.0   2.0   7  1.07  0.11 0.08 0.45  0.55  0.08  27.35
---------------------------------------------------------------------
PR-116 176.0 178.0   2.0   7  1.46  0.17 0.09 0.66  0.73  0.07  38.94
---------------------------------------------------------------------
PR-116 213.0 215.0   2.0   7  1.68  0.15 0.10 0.70  0.86  0.12  39.67
---------------------------------------------------------------------
PR-117  53.0  76.0  23.0  76  1.57  0.10 0.07 0.64  0.84  0.10  32.81
---------------------------------------------------------------------
PR-117  74.0  76.0   2.0   7  2.40  0.16 0.11 0.95  1.34  0.11  49.65
---------------------------------------------------------------------
PR-118 116.4 138.0  21.6  71  2.44  0.11 0.07 1.06  1.21  0.18  45.93
---------------------------------------------------------------------
PR-118
 Incl. 116.4 124.0   7.6  25  3.90  0.16 0.08 1.77  1.86  0.27  72.19
---------------------------------------------------------------------
PR-119  29.5  55.1  25.6  84  1.12  0.22 0.16 0.53  0.48  0.11  41.22
---------------------------------------------------------------------
PR-119
 Incl.  29.5  32.5   3.0  10  1.90  0.24 0.16 1.00  0.72  0.18  56.52
---------------------------------------------------------------------
PR-119
 Incl.  44.5  47.5   3.0  10  2.56  0.39 0.33 1.30  1.03  0.24  83.88
---------------------------------------------------------------------
PR-119  60.3  62.0   1.7   6  1.34  0.20 0.10 0.42  0.83  0.10  38.16
---------------------------------------------------------------------
PR-119  81.1  97.5  16.4  54  2.31  0.28 0.16 1.01  1.15  0.15  62.86
---------------------------------------------------------------------
PR-119 100.5 104.5   4.0  13  1.10  0.12 0.09 0.49  0.56  0.06  28.53
---------------------------------------------------------------------
PR-121   4.1  21.0  16.9  56  1.51  0.09 0.05 0.77  0.61  0.13  32.88
---------------------------------------------------------------------
PR-121
 Incl.  14.0  16.0   2.0   7  2.60  0.13 0.09 1.36  1.02  0.23  54.35
---------------------------------------------------------------------
PR-121  44.7  80.0  35.3 116  1.76  0.09 0.05 0.61  1.07  0.08  31.22
---------------------------------------------------------------------
PR-121
 Incl.  44.7  51.0   6.3  21  2.77  0.10 0.06 0.60  2.11  0.06  38.49
---------------------------------------------------------------------
PR-121
 Incl.  57.3  65.0   7.7  25  2.72  0.12 0.08 1.11  1.49  0.12  49.64
---------------------------------------------------------------------
PR-121
 Incl.  69.0  72.0   3.0  10  1.79  0.12 0.08 0.61  1.04  0.15  35.08
---------------------------------------------------------------------
PR-121
 Incl.  76.0  80.0   4.0  13  2.16  0.13 0.07 0.90  1.15  0.11  43.16
---------------------------------------------------------------------
PR-122 159.0 166.0   7.0  23  1.97  0.12 0.06 0.78  1.08  0.11  39.50
---------------------------------------------------------------------
PR-122 176.0 183.0   7.0  23  1.65  0.07 0.05 0.67  0.89  0.09  30.18
---------------------------------------------------------------------
PR-123  29.0  32.0   3.0  10  1.32  0.13 0.07 0.66  0.63  0.04  33.41
---------------------------------------------------------------------
PR-123 141.5 168.0  26.5  87  1.36  0.16 0.10 0.47  0.81  0.09  34.09
---------------------------------------------------------------------
PR-123
 Incl. 143.5 148.5   5.0  16  2.43  0.28 0.15 0.93  1.34  0.17  62.51
---------------------------------------------------------------------
PR-123
 Incl. 141.5 151.4   9.9  33  1.82  0.22 0.12 0.68  1.02  0.13  47.82
---------------------------------------------------------------------
PR-123
 Incl. 155.0 168.0  13.0  43  1.23  0.12 0.09 0.38  0.78  0.07  28.10
---------------------------------------------------------------------
PR-123 198.6 203.3   4.7  15  1.55  0.20 0.13 0.70  0.75  0.11  44.25
---------------------------------------------------------------------
PR-123 231.0 235.0   4.0  13  0.87  0.16 0.11 0.31  0.50  0.06  29.04
---------------------------------------------------------------------
PR-124  10.7  39.0  28.3  93  1.08  0.19 0.13 0.42  0.56  0.11  35.47
---------------------------------------------------------------------
PR-124
 Incl.  21.0  27.0   6.0  20  1.91  0.31 0.22 0.73  1.02  0.17  60.51
---------------------------------------------------------------------
PR-124  45.2  48.0   2.8   9  2.25  0.17 0.10 0.75  1.37  0.13  45.54
---------------------------------------------------------------------
PR-124  53.0  60.0   7.0  23  1.26  0.16 0.09 0.53  0.66  0.08  34.49
---------------------------------------------------------------------
PR-124
 Incl.  56.7  60.0   3.3  11  1.45  0.17 0.09 0.62  0.76  0.07  38.50
---------------------------------------------------------------------
PR-124  66.0  69.0   3.0  10  1.97  0.29 0.17 0.96  0.87  0.14  60.95
---------------------------------------------------------------------
PR-124  73.0  81.1   8.1  26  0.83  0.17 0.13 0.30  0.47  0.06  30.19
---------------------------------------------------------------------
PR-124
 Incl.  73.0  76.0   3.0  10  1.20  0.19 0.11 0.45  0.68  0.08  36.34
---------------------------------------------------------------------
PR-124
 Incl.  78.0  81.1   3.1  10  0.79  0.22 0.18 0.27  0.46  0.07  35.15
---------------------------------------------------------------------
PR-125 119.0 120.0   1.0   3  2.50  0.38 0.30 0.49  1.84  0.17  68.55
---------------------------------------------------------------------
PR-125 135.6 143.0   7.4  24  2.97  0.16 0.08 1.18  1.64  0.15  56.55
---------------------------------------------------------------------
PR-125
 Incl. 135.6 138.2   2.6   9  4.91  0.27 0.11 2.13  2.56  0.22  96.23
---------------------------------------------------------------------
PR-125 151.0 155.0   4.0  13  2.88  0.15 0.10 1.03  1.67  0.18  53.19
---------------------------------------------------------------------
PR-125
 Incl. 152.0 155.0   3.0  10  3.34  0.17 0.12 1.24  1.89  0.21  62.19
---------------------------------------------------------------------
PR-126  80.4  83.3   2.9   9  0.90  0.27 0.22 0.35  0.38  0.17  43.23
---------------------------------------------------------------------
PR-126  95.7  97.0   1.3   4  1.71  0.17 0.10 1.10  0.44  0.17  48.16
---------------------------------------------------------------------
PR-126 163.5 164.0   0.5   2  8.20  1.00 0.15 2.67  5.46  0.07 198.26
---------------------------------------------------------------------
PR-126 198.2 202.0   3.8  12  1.12  0.12 0.06 0.52  0.53  0.07  29.26
---------------------------------------------------------------------
PR-126 223.0 226.0   3.0  10  1.07  0.15 0.10 0.38  0.62  0.07  30.61
---------------------------------------------------------------------
PR-126 229.0 231.0   2.0   7  1.86  0.27 0.17 0.74  0.99  0.13  55.29
---------------------------------------------------------------------
PR-127   5.9   7.0   1.1   4  1.32  0.06 0.04 0.67  0.54  0.11  26.95
---------------------------------------------------------------------
PR-127  16.8  19.8   3.0  10  1.47  0.09 0.07 0.79  0.54  0.13  33.52
---------------------------------------------------------------------
PR-127  38.6  56.0  17.4  57  2.51  0.16 0.09 1.04  1.33  0.14  51.00
---------------------------------------------------------------------
PR-127
 Incl.  39.0  43.0   4.0  13  3.93  0.23 0.15 1.58  2.10  0.25  78.06
---------------------------------------------------------------------
PR-127
 Incl.  49.0  52.7   3.7  12  2.87  0.24 0.10 1.25  1.49  0.14  64.69
---------------------------------------------------------------------
PR-127  64.4  65.7   1.3   4  1.53  0.10 0.06 0.63  0.83  0.07  31.51
---------------------------------------------------------------------
PR-128   0.0  19.0  19.0  62  1.51  0.11 0.06 0.84  0.62  0.06  35.88
---------------------------------------------------------------------
PR-128  31.0  39.2   8.2  27  1.42  0.17 0.10 0.64  0.72  0.06  39.11
---------------------------------------------------------------------
PR-128  42.0  44.0   2.0   7  1.36  0.08 0.04 0.73  0.57  0.06  29.46
---------------------------------------------------------------------
PR-130 114.1 116.5   2.4   8  1.83  0.15 0.10 0.68  1.02  0.13  39.81
---------------------------------------------------------------------
PR-130 129.0 134.0   5.0  17  2.13  0.19 0.11 0.92  1.01  0.19  50.14
---------------------------------------------------------------------
PR-131  46.0  48.0   2.0   7  1.12  0.16 0.14 0.51  0.55  0.06  34.30
---------------------------------------------------------------------
PR-132  12.0  13.7   1.7   6  2.67  0.12 0.09 1.56  0.97  0.14  56.28
---------------------------------------------------------------------
PR-132  83.0  87.0   4.0  13  2.75  0.22 0.15 1.13  1.48  0.14  61.42
---------------------------------------------------------------------
PR-132
 Incl.  85.0  87.0   2.0   7  4.77  0.25 0.16 2.00  2.54  0.24  92.31
---------------------------------------------------------------------
---------------------------------------------------------------------
(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.


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administrative body, administrative unit - a unit with administrative responsibilities
 has approved or disapproved the information contained in this news release.

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Geographic Code:6SOUT
Date:Jun 24, 2004
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