Caledonia Mining Granted Prospecting Right for Grasvally and Will Commence the Drilling Program by Mid May 2005.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Caledonia Caledonia (kă'lĭdō`nēə), Roman name for that part of the island of Great Britain that lies N of the firths of Clyde and Forth. The name first occurs in the works of Lucan (1st cent. A.D. Mining Corporation ("Caledonia") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CAL (1) (Computer-Assisted Learning) Same as CBT. (2) (Conversational Algebraic Language) A timesharing language from the University of California. )(NASDAQ-OTCBB:CALVF) is pleased to announce that the Department of Minerals and Energy following a review of their earlier decision of March 11, 2005 (see Press Release dated March 29, 2005), have now issued a three year "new order" Prospecting Right for the Grasvally property which forms the southern extention of Caledonia's Rooipoort Platinum Project. This permit is renewable for a further three year period. The Grasvally property directly adjoins the southern boundary of the Rooipoort property and drilling will commence on the 341.9 hectares Grasvally property within the next 2 weeks. By the end of May 2005 three drill rigs will be operating on the property and it is envisaged that drilling of an initial mineral resource on the Grasvally portion of the Rooipoort Project area will be complete by end September September: see month. 2005. The Grasvally property overlies the southern end of the Rooipoort synform and effectively provides an additional 3,000 metres of potential strike of the prospective PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution 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. zones discovered on the Rooipoort property and 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 drilling over the last 15 months. The synformal structure on Grasvally is clearly shown by the aeromagnetic image (as indicated in Fig.1 ) and plunges north at approximately 15 degrees, thus providing significant near surface potential, The drill identified strike on the Rooipoort Licence is approximately 6,600 metres. Drilling results along the southern boundary of Rooipoort (holes RP03-1, 2, 3, 14 on the east side and RP04-22, 23, 38 on the west side) have intersected a thicker (Compare RP03-14 with RP04-22, 23) sequence of the more 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. , chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. bearing Lower Unit (LU) that is believed to be equivalent to the Platreef and which is the major economic PGE unit in the northern limb of the Bushveld bushveld Noun S African bushy countryside [Afrikaans] complex. Mineralisation intersected in the LU to date contains widespread, PGE enriched, sulphide sulphide: see sulfide. related mineralisation that spans the thinner and discontinuous discontinuous /dis·con·tin·u·ous/ (dis?kon-tin´u-us) 1. interrupted; intermittent; marked by breaks. 2. discrete; separate. 3. lacking logical order or coherence. chromitite Chromitite is an igneous cumulate rock composed mostly of the mineral chromite. It is found in ultramafic to mafic layered intrusions such as the Bushveld Igneous Complex in South Africa and the Stillwater igneous complex in Montana. horizons. In addition, the overlying overlying suffocation of piglets by the sow. The piglets may be weak from illness or malnutrition, the sow may be clumsy or ill, the pen may be inadequate in size or poorly designed so that piglets cannot escape. anorthositic, Middle Unit (MU) contains three PGE enriched zones and hole RP03-01 on the southern boundary of Rooipoort contains the best PGE values in one of these zones intersected to date (Table: 1). 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. and Copper are also present in 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. . While the surface exposure of this mineralisation on Rooipoort is obscured by alluvium al·lu·vi·um n. pl. al·lu·vi·ums or al·lu·vi·a Sediment deposited by flowing water, as in a riverbed, flood plain, or delta. Also called alluvion. to depths of 30 metres, the surface exposure of the MU on Grasvally is good with evidence of past exploration (dating from late 1920's) in the form of trenches and shallow adits. All the zones in the MU and LU have their surface expression delineated by nickel and copper soil geochemical anomalies. The LU zones are prominent in the soil geochemistry geochemistry, study of the chemical changes on the earth. More specifically, it is the study of the absolute and relative abundances of chemical elements in the minerals, soils, ores, rocks, water, and atmosphere of the earth and the distribution and movement of but are overlain o·ver·lain v. Past participle of overlie. by alluvium estimated to be 10-30 metres thick. Caledonia will immediately relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. the drill rigs to the Grasvally property as they complete the holes currently being drilled. It is expected that the first drill rig will be mobilized to Grasvally by mid May. Ten holes totaling 4,500 m are planned for the initial Grasvally program which is scheduled to be completed in four months. The mineralization intersected on the Rooipoort boundary is relatively shallow (Table 1) and the initial Flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. test work conducted during the third quarter 2004 verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. the flotation amenability a·me·na·ble adj. 1. Responsive to advice, authority, or suggestion; willing. 2. Responsible to higher authority; accountable: amenable to the law. See Synonyms at responsible. 3. of the ore.(See Press Release March 29, 2005) This initial test work indicates that a simple 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. process could produced a flotation concentrate from a high-tonnage lower-grade feed from an open-pit, and the Grasvally property is expected to host the even shallower mineralization than that already identified on the adjacent Rooipoort property. Eric ERIC Educational Research Information Clearinghouse ERIC Educational Resources Information Center ERIC ERISA Industry Committee ERIC Epidemiologic Research and Information Center (Durham, NC) Roodt B.Sc (Hons), Pr.Nat.Sci., Senior Geologist is the Qualified Person for the Rooipoort and Grasvally projects. All samples were assayed in the SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Lakefield Lakefield is the name of several places in the North America:
Further information regarding Caledonia's exploration activities and operations along with its latest financials may be found at www.caledoniamining.com.
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Table 1: Composite results for holes RP03-1, 2, 3, 14 and RP04-22,
Note: 3Eg/t equals Pt+Pd+Au g/t. Results for RP04-38 not available.
Holes RP03-01 and 02 not analysed for Cr.
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Drilled
hole_id depth_from depth_to Width 3E g/t NiXRF ppm CuXRF ppm Cr ppm
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RP03-01 114.97 116.25 1.28 0.70 970 354
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118.50 119.00 0.50 0.62 935 540
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122.11 124.14 2.03 1.25 2531 1396
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124.39 124.89 0.50 0.88 1772 1241
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132.78 133.03 0.25 3.00 3653 2099
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138.98 141.54 2.56 2.79 4020 2362
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151.71 152.00 0.29 0.75 992 502
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183.25 183.50 0.25 0.52 921 783
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184.25 185.00 0.75 0.75 1059 1097
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185.50 186.50 1.00 0.67 1093 860
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187.25 188.75 1.50 0.84 1278 1352
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189.50 189.75 0.25 0.77 1281 1147
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190.00 190.30 0.30 0.52 797 567
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191.50 192.00 0.50 1.99 1291 1168
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193.00 193.50 0.50 0.63 1030 754
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RP03-02 24.32 24.83 0.51 0.60 815 608
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36.50 37.00 0.50 0.57 1288 1349
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237.65 237.87 0.22 1.36 2332 1611
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243.00 244.66 1.66 1.37 2852 2301
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253.38 253.74 0.36 0.55 1067 1205
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RP03-03 81.86 82.62 0.76 2.53 2048 249
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85.50 87.46 1.96 0.56 894 631
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RP03-14 115.50 116.00 0.50 0.81 601 317 32200
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137.00 138.00 1.00 0.61 1646 1446 977
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138.50 140.00 1.50 0.80 1602 1295 895
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142.00 143.50 1.50 0.54 1323 1428 649
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RP04-22 7.65 8.07 0.42 0.65 627 820 140
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16.91 17.27 0.36 0.79 543 204 1302
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123.27 124.07 0.80 0.73 1204 943 305
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145.15 146.80 1.65 1.23 1856 1180 948
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170.33 171.50 1.17 0.63 844 261 3026
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174.94 176.14 1.20 1.64 2522 1190 1586
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178.32 180.43 2.11 0.95 2001 1472 1662
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181.32 182.77 1.45 0.87 1672 1198 1323
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186.21 186.49 0.28 0.96 1963 1308 833
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203.92 204.41 0.49 0.56 475 514 172
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234.79 234.99 0.20 0.78 1949 1542 643
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Table 1 (continued): Composite results for hole RP04-23
Note: 3Eg/t equals Pt+Pd+Au g/t. Results for RP04-38 not available.
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Drilled
hole_id depth_from depth_to Width 3E g/t NiXRF ppm CuXRF ppm Cr ppm
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RP04-23 144.52 144.93 0.41 0.66 1399 910 268
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150.96 151.99 1.03 1.16 1928 1462 72
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157.80 158.88 1.08 0.71 1407 1384 115
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188.77 189.26 0.49 1.79 1582 474 490
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190.39 190.65 0.26 1.25 2616 1123 1442
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273.24 274.26 1.02 0.63 328 10300 501
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300.43 300.99 0.56 0.87 1382 1954 11687
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332.76 333.03 0.27 0.54 532 389 30900
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338.74 339.56 0.82 0.60 848 1015 27844
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349.70 352.59 2.89 0.58 1597 1600 2784
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354.31 354.63 0.32 0.53 1896 2191 1748
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357.95 358.23 0.28 0.54 1565 973 1359
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358.94 360.87 1.93 0.57 1598 1262 1589
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368.24 368.66 0.42 0.26 312 572 1055
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378.61 379.61 1.00 0.48 1616 1665 1147
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380.81 381.16 0.35 0.84 2481 2656 1024
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391.15 391.88 0.73 0.54 1225 1285 10866
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394.02 394.39 0.37 0.53 1795 1866 2840
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395.00 395.78 0.78 0.41 1800 1900 2800
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396.59 397.03 0.44 0.69 2248 2180 2520
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412.27 412.43 0.16 0.86 2002 1656 15600
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Please note: There is a map available on CCNMatthews' website at the following link: http://www2.ccnmatthews.com/database/fax/2000/cal0505.pdf Caledonia Mining Corporation (TSX:CAL) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CALVF) |
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