Caledonia Mining Corporation - Kikerk Lake Property - Winter Program Underway.Business Editors TORONTO--(BUSINESS WIRE)--March 26, 2002 Caledonia Mining Corporation ("Caledonia") of Toronto (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CAL) and 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 (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CALVF) is pleased to report that it has been advised by its joint venture partner Ashton Mining of Canada Inc. ("Ashton") that the 2002 winter field program on the Kikerk Lake property in the north Slave craton The Slave craton is a relatively small Archean craton (about 300,000 km²) located in the Northwest Territories of Canada. It is dominated by ca. 2.73-2.63 Ga greenstones and turbidite sequences and ca. 2.72-2. region of Nunavut has commenced. The program includes the collection of a mini-bulk sample from the diamondiferous Potentilla kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. and the identification of new targets for drilling. Potentilla Kimberlite The Potentilla kimberlite was discovered in September 2001. The discovery hole, drilled vertically in the center of a magnetic anomaly Magnetic Anomaly may refer to:
breccia Coarse sedimentary rock consisting of angular or nearly angular fragments larger than 0.08 in. (2 mm). Breccia commonly results from processes such as landslides or geologic faulting, in which rocks are fractured. beneath 9.9 metres of overburden to a depth of 142.3 metres and terminated in hypabyssal hyp·a·bys·sal adj. Geology Solidifying chiefly as a minor intrusion, especially as a dike or sill, before reaching the earth's surface. Used of rocks. hyp kimberlite at a depth of 184.7 metres. As announced October 24, 2001, a 207.8 kg sample returned 230 microdiamonds and 22 macrodiamonds. The largest stone measured 2.13 x 1.94 x 0.87 mm. The current program has two objectives: to collect a mini-bulk sample of up to ten tonnes from Potentilla by core drilling, and to define the shape and size of the body by delineation drilling and geophysical surveys. Target Generation At least one unexplained indicator mineral train is present on the Kikerk Lake property. A detailed helicopter-borne magnetic and electromagnetic survey is now underway over an area that includes the indicator mineral train and the Potentilla kimberlite. Ground geophysical surveys will follow over anomalies that the airborne investigation identifies. Any high priority targets will be drilled before the ice breakup. Caledonia and Ashton each hold an interest of 35 percent in the property, Northern Empire Minerals Ltd. holds the remaining 30 percent interest. Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found on the Corporation's website http:/www.caledoniamining.com For further information please contact Caledonia Mining Corporation: S.E. Hayden Chairman, President and CEO South Africa Tel: (011-27-11) 447-2499 Fax: (011-27-11) 447-2554 James Johnstone V-P Operations and COO Canada Tel: (1-905) 607-7543 Fax: (1-905) 607-9806 Chris Harvey Technical Director Canada Tel: (1-905) 607-7543 Fax: (1-905) 607-9806 or visit Caledonia on the Worldwide Web at http://www.caledoniamining.com |
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