Southern Africa - Shares Issued: 15.8 Million Seven New Kimberlites in Botswana.TORONTO--(BUSINESS WIRE)--Feb. 1, 1995--SOUTHERN AFRICA Africa (ăf`rĭkə), second largest continent (1997 est. pop. 743,000,000), c.11,677,240 sq mi (30,244,050 sq km) including adjacent islands. Broad to the north (c.4,600 mi/7,400 km wide), Africa straddles the equator and stretches c. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :SAF SAF Safety SAF Society of American Foresters SAF Society of American Florists SAF Secretary of the Air Force SAF Second Amendment Foundation SAF Singapore Armed Forces SAF Students for Academic Freedom SAF Store And Forward ) Southern Africa Minerals Corporation ("SAF") is pleased to announce that drilling on its wholly owned Molopo Project in Botswana, has thus far successfully penetrated kimberlite pipes in eleven of the first twelve holes. Of these, four were known pipes previously drilled by Falconbridge, which were resampled with SAF's modern contracted reverse circulation (RC) drill in order to truth historical diamond intersections. Five of the seven new pipes were identified from recent airborne surveying, while the remaining two were targets previously identified by Falconbridge but never drill-tested. Drilling is being performed on SAF's Molopo licences where 71 high priority targets have been identified. The 74 new targets are in addition to the 35 known kimberlite pipes of which 7 are known to be diamondiferous. Approximately 20 of the new targets are located in the confines of the known diamondiferous swarm which will be drill tested. Two of these targets are previously unknown satellite bodies of the M-1 Pipe which is recognized as the world's largest diatreme diatreme A volcanic pipe, filled with breccia, formed by a subterranean gaseous explosion. See illustration at batholith. . The exploration (RC) holes are averaging approximately 150m which allows them to penetrate through the weathered epiblastic ep·i·blast n. The outer layer of a blastula that gives rise to the ectoderm after gastrulation. ep crater sediments into fresh pyroclastic py·ro·clas·tic adj. Composed chiefly of rock fragments of volcanic origin. pyroclastic Composed chiefly of rock fragments of explosive origin, especially those associated with explosive volcanic or intrusive facies facies /fa·ci·es/ (fa´she-ez) pl. fa´cies [L.] 1. the face. 2. surface; the outer aspect of a body part or organ. 3. expression (1). kimberlite, which are the preferred samples for analysis. The sampling program for each kimberlite consists of a representative 50 or 100kg sample which is analysed for diamonds using acid dissolution techniques, and a 5 kg representative sample of the same material which will be utilized for kimberlitic indicator mineral analysis and petrography pe·trog·ra·phy n. The description and classification of rocks. pe·trog  ra·pher n. . This work is being performed by a reputable South African laboratory, and results from the first holes are expected toward the end of February. The Molopo RC drilling is expected to total some thirty holes initially, which will be followed by approximately 10 holes at the Lekgodu Project, 20 holes at the Kokong Project and 10 holes at the Mabuaschube Project. Subsequent drilling will take the form of delineation and mini-bulk sample holes of the best of the kimberlites tested. The company will issue releases as results become available. -0- THE PRESS RELEASE WAS PREPARED BY SOUTHERN AFRICA MINERALS CORPORATION WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NEITHER THE ALBERTA STOCK EXCHANGE NOR ANY REGULATORY AUTHORITIES OR SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Southern Africa Minerals Corp. Wayne J. O'Connor, Executive Vice-President, 416/365-0250 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion