Trans Hex International Ltd. Drill Results Northbank Property.TORONTO--(BUSINESS WIRE)--Aug. 19, 1997--Trans Hex International Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :THI THI Townscape Heritage Initiative (UK grant program) THI Temperature Humidity Index THI Taeknihaskoli Islands (Technical University of Iceland; Reykjavik, Iceland) THI Target Hazard Index ) is pleased to announce a substantial increase in the diamondiferous gravel resource identified at its Block 9 property on the north bank of the Orange River, Namibia. Trans Hex International is the operator of this project and has a 50 percent joint ownership with Lazare Kaplan International Lazare Kaplan International Inc. (LKI) is a diamond manufacturing and distribution company based in New York City. The Chairman of the Board of Directors is Maurice Tempelsman. Business activities Inc. (AMEX AMEX See: American Stock Exchange :LKI LKI Labor Für Künstliche Intelligenz (Hamburg) LKI Labor für Kuenstliche Intelligenz LKI Last Known Information (Magic: The Gathering) LKI Luftkontrollinspektoratet LKI Landmark Kilometre Inventory ) and Stocks & Stocks (Namibia) Mining (Proprietary) Limited, a Namibian company. A reverse circulation drill program conducted on the property has confirmed a total gravel resource of some 30 million cubic meters, within an oxbow paleochannel some 1 kilometer wide by 4.5 kilometers long. This represents a significant increase from the preliminary, conservative estimate of 19 million cubic meters, released earlier this year. The bedrock morphology, gravel SG's (specific gravity), gravel thickness and overburden thickness have been studied and conclusions and recommendations for infill drilling and bulk sampling are in preparation. The Company has begun the process of clearing the recommended program through the relevant Namibian government authorities and has commenced the required environmental impact study. The gravels are typical of the intermediate age of Orange River terrace deposits (3 to 5 million years old) with a high content of epidosite and banded ironstone ironstone a natural ore which may contain significant amounts of fluorine and cause fluorosis in cattle grazing pastures in the vicinity of a factory which calcines the ore. pebbles. All such gravel accumulations along the Orange River are known to be diamondiferous, although this does not imply that all are economically exploitable. Gravel bodies of a similar age are well explored downstream of the property, both on the Namibian and South African banks, where the Company's parent company, Trans Hex Group Limited, has its flagship operations, and where diamonds in excess of US$500 per carat average value are recovered. Trans Hex International is an international diamond exploration, development and mining company with interests in exploration projects and joint ventures in Indonesia, Namibia, Brazil, Central African Republic Central African Republic, republic (2005 est. pop. 3,800,000), 240,534 sq mi (622,983 sq km), central Africa. The landlocked nation is bordered by Chad (N), Sudan (E), Congo (Kinshasa) and Congo (Brazzaville) (S), and Cameroon (W). and Angola. The Company is a subsidiary of Trans Hex Group Limited, the second largest diamond producer in South Africa. CONTACT: Trans Hex International Limited D.M. (Niel) Hoogenhout, 416/363-5440 Peter W.A. Walker, 27/(21)92-1105 Stephen Woodhead, 416/363-5440 |
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