Caledonia Updates Diamond Exploration Results At Mulonga Plain Joint Venture In Zambia.TORONTO -- Caledonia Mining Corporation ("Caledonia") of Toronto (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CAL) and (NASDAQ-OTCBB:CALVF). is pleased to provide an update on exploration activities at the Mulonga Plain Joint Venture in Zambia. Property In western Zambia, Caledonia has a 40% interest in three prospecting licenses covering approximately 3.3 million hectares. These licenses collectively make up the Mulonga Plain Joint Venture. Motapa Diamonds Inc ("Motapa") is the joint venture partner and operator on the property. Motapa has rights to earn an additional 15% participating interest by continuing to fund Caledonia's share through to completion of a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. . Mulonga Plain Project Area Prior exploration work by Motapa has defined an extensive (130km x 30km) kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. indicator mineral and microdiamond dispersion that has been resolved into four discrete prospective areas within the Mulonga Plain. In November and December 2004, a 5,000 line kilometer airborne gravity and magnetic survey was completed over the easternmost prospective area of the Mulonga Plain. The survey used the BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. developed Falcon(TM) system. This project area is at a drill target identification stage. This survey information is currently being processed by the airborne contractor and the final survey product will form the basis for drill target selection which Motapa is planning to test in mid-2005. Kashiji Plain Project Area The Kashiji Plain and Lukulu Licenses of the Mulonga Plain Joint Venture comprise the Kashiji Plain project area. Prior work by Motapa in this project area has recovered 22 microdiamonds, in association with numerous kimberlitic ilmenites, from both high-energy streams and low energy deflation deflation: see inflation. deflation Contraction in the volume of available money or credit that results in a general decline in prices. A less extreme condition is known as disinflation. surfaces. Field work in September and October 2004 focused on follow-up sampling and ground geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. work in two discrete areas of anomalous kimberlite indicator mineral and microdiamond recoveries. In the Chunda Falls anomaly area, located in the northern portion of the Kashiji Plain, 33 heavy mineral samples, ranging in size from 1000 kg bulk samples, intended to determine diamond size distribution at the site of previous diamond recoveries, to 5 kg 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. samples, intended to fully delineate the anomaly area were collected. In the southeast part of the Kashiji Plain, where previous work has resulted in the recovery of anomalous diamond and kimberlitic ilmenites, followup sampling and ground magnetic surveys were carried out to identify potential drill targets. This work included collection of 40 followup and infill samples, and ground magnetic data collection over a 5 km x 5km grid over the most pronounced diamond and kimberlitic ilmenite ilmenite (ĭl`mĕnīt), black mineral, iron titanium oxide, FeTiO3, crystallizing in the hexagonal system. It is sometimes found as tabular hexagonal crystals but occurs more commonly as small grains in igneous and metamorphic anomaly in this part of the project area. Ground magnetic data and heavy mineral samples are currently being processed to determine the extent of drill test work that may be warranted in 2005. Maps showing the location of the property are available on the Caledonia website at www.caledoniamining.com 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 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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