Caledonia Announces a Joint Venture Agreement With SODIMICO Over Two Concessions in the Katanga Province of the Democratic Republic of Congo.TORONTO--(BUSINESS WIRE)--July 13, 1998--Caledonia Mining Corporation of Toronto (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CAL) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CALVF) is pleased to announce that it has concluded an agreement with Societe de Developpement Industriel et Minier du Congo (SODIMICO) managed and represented by Gecamines as the appointed agent of the Government, to explore two concession arm totaling 3,607 square kilometers within the Katanga Province For other uses, see Katanga (disambiguation). Katanga is the southern province of the Democratic Republic of the Congo, due under the new constitution to be replaced by four smaller provinces by February 2009. of the Democratic Republic of Congo. The Ministry of Mines of the Democratic Republic of Congo has approved the agreement and authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: Gecamines accordingly. The two concession areas, which are shown on the attached map, are located along the Zambia border, south-east of Lubumbashi and host the northern extension of the famous Zambian-Congolese Copperbelt. The two areas are adjacent to Caledonia's Nama Group of licences (Drilled Resource of 953 million tonnes at 0.029% cobalt equivalent) in Zambia and can be easily accessed by road, rail and air. The existing copper mines at Musoshi and Kinsenda, with a production history of 25 million tonnes grading 2.6% copper, lie between these two concession areas with similar copper-cobalt deposits at Lubembe and Kimpe and in the north west at Kipushi, Kasonia, Ruashi-Etoile, Karavia and Lupoto. In 1986 past production and reserves for this area were quoted as 150 million tonnes grading up to 5% copper. The area is known to host a number of small, near surface cobalt deposits which generally average 1% with some high grade cobalt deposits such as Kimpe (1% to 4%). Work in the concession areas prior to 1975 identified 11 copper soil anomalies hosted within extensive Roan roan a coat color consisting of a relatively uniform mixture of white and colored hairs, giving a 'silvered' hue; self-describing colors are red-roan, blue-roan, chestnut roan. 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 , most of which remains untested. This includes the 9 kilometer strike extension of the Lubembe Copper deposit located on the northern edge of the Kafue anticline anticline: see fold. , 35 kilometers from the famous Zambian copper-cobalt open-pit at Nchanga (3.7% Co) and 25 kilometers north-east of the Mufulira copper mine in Zambia with proven reserves in 1994 of 42 million tonnes grading 3% copper. The extensive archive at SODIMICO together with Caledonia's detailed knowledge of the Nama deposits will be invaluable in rapidly evaluating already identified targets, and identifying further follow-up targets. Exploration work will commence immediately in conjunction with SODIMICO over prioritized areas. Caledonia has just completed the reconnaissance sampling program of its Kananga Concession (nickel, chromium chromium (krō`mēəm) [Gr.,=color], metallic chemical element; symbol Cr; at. no. 24; at. wt. 51.996; m.p. about 1,857°C;; b.p. 2,672°C;; sp. gr. about 7.2 at 20°C;; valence +2, +3, +6. , cobalt and diamonds) area in the Kasai Province The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. of the Democratic Republic of Congo, and the assay results are awaited. Map can obtained by calling 800/866-4736.
CONTACT: Caledonia Mining
Steve Poad, 905/829-4848 (Canada)
or
Jim Johnstone, 905/829-4848 (Canada)
or
Stefan Hayden, (27-11) 447-2499 (South Africa)
or
http://www.caledoniamining.com
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