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Mornin..CALVF nice news.. :)))
http://biz.yahoo.com/bw/060313/20060313005631.html?.v=1
NICE NEWS!
CALVF Caledonia Acquires Additional Properties Adjoining its Rooipoort 'PGE-Au-Ni-Cu' Project, South Africa, virtually doubling the Rooipoort Project area
CCNMatthews - March 13, 2006 9:00 AM (EDT)
TORONTO, ONTARIO, Mar 13, 2006 (CCNMatthews via COMTEX) -- Caledonia Mining Corporation ("Caledonia") (TSX:CAL)(NASDAQ-OTCBB:CALVF)(AIM:CMCL) is pleased to announce that it has concluded an agreement, on behalf of its wholly owned South African subsidiary company Eersteling Gold Mining Company Limited ("EGMC"), with Falconbridge Ventures of Africa (Pty) Ltd ("Falconbridge") (a subsidiary of Falconbridge Limited), to acquire a 100% interest in Falconbridge's prospecting rights covering the farms Moordrift 289KR, Jaagbaan 291KR, and portions of Grasvally 293KR, a total area of 4,315.81 hectares. Eersteling's current rights cover 4,404.84 hectares on Rooipoort 46KS and portions of Grasvally 293KR (Fig. 1). This acquisition effectively doubles the area of Caledonia's Rooipoort Project underlain by Bushveld Complex rocks with proven PGE potential.
Highly Prospective PGE Terrain:
These properties are situated at the southern end of the highly prospective north limb of the Bushveld Complex, some 50km south of the Anglo Platinum open pit mining operation on the Platreef. Intensive exploration is being conducted along the entire length of this 110km prospective zone by a number of companies, viz. AfriOre, Anooraq, Pan-Palladium, Ivanhoe Nickel & Platinum, PTM and AIM Resources.
The Moordrift, Jaagbaan and Grasvally farms adjoin the western and southern boundary of Caledonia's Rooipoort (PGE/Au/Ni/Cu) Project area and contain the down dip extension of PGE/Ni/Cu mineralization that was recently discovered by Caledonia on the western side of Rooipoort farm (Central Target Area) (Fig. 2). (Also please see Caledonia website Project Status Report dated December 9 2005 and the NI 43-101 Independent Resource Report on portion of the mineralized, 6 1/2 kilometre long, Eastern Target Area (see Figure 1).
Falconbridge conducted limited exploration drilling (see Table 1 for details of 3 holes) on the Rooipoort boundary and on Grasvally and intersected the down dip extension of the mineralisation intersected by Caledonia, described above.
---------------------------------------------------------------------
Table 1: Falconbridge Borehole Composites :
Western Target Area (Fig 2)
---------------------------------------------------------------------
MR? equals Merensky like reef
---------------------------------------------------------------------
UG? equals UG2 like reef
---------------------------------------------------------------------
SND equals Stratigraphy not determined
---------------------------------------------------------------------
Intercepts greater than 0.5g/t 3E + greater than 1.0m
---------------------------------------------------------------------
na equals Not Assayed
---------------------------------------------------------------------
Min-
era-
Drill- li-
ed 3E Pt Pd Au Ni Cu Cr sed
Hole id From To width g/t g/t g/t g/t ppm ppm ppm Zone
---------------------------------------------------------------------
GV02-1 170.50 171.50 1.00 1.30 0.25 0.97 0.08 na na na SND
206.48 208.67 2.19 2.39 1.03 1.14 0.23 2113 1961 na MR?
GV02-2 476.31 478.97 2.66 0.96 0.42 0.49 0.05 890 1357 na UG2?
MD03-1 535.00 536.50 1.50 0.60 0.13 0.45 0.02 na na na SND
550.85 553.17 2.32 1.49 0.74 0.60 0.16 1742 1066 na SND
563.50 564.74 1.24 0.99 0.36 0.59 0.05 1800 790 na SND
566.37 573.91 7.54 2.22 0.94 1.13 0.15 2223 1654 na MR?
581.95 583.95 2.00 1.47 0.52 0.86 0.09 2184 1640 na SND
Plus Previously Unknown PGE Reef ("321 Reef")
Falconbridge also drilled a further 19 holes focused on an additional PGE mineralised horizon situated to the west of this earlier drilling (Western Target Zone). The location of these holes (see Figure 2), and the results of this drilling can be found in the Investor Centre on the Caledonia website (www.caledoniamining.com) under Technical Reports, in the document titled "Rooipoort PGE/Au/Ni/Cu Project - Falconbridge Property Acquisition - Drilling Results"
This reef horizon is characterized by a highly favourable approximately 3:1 Pt: Pd ratio. Falconbridge concentrated on following up their best intersection in hole MD03-02 (6.86 m @3.38g/t Pt; 1.23 g/t Pd; 0.57 g/t Au; 0.23% Ni; and 0.29% Cu) as a probable conformable structure. Caledonia's interpretation of rock alteration and of the aeromagnetic data indicates the possibility of more irregular vertical "ballroom type" structures that could have been missed by Falconbridge vertical drilling for a planar west dipping reef.
Caledonia is planning to evaluate the near surface, up-dip extensions of this mineralization on the Rooipoort and Grasvally properties with the initial aim of delineating an open pit resource as soon as the necessary permits have been granted by the South African authorities.
This property and data acquisition opens up an extensive new target area of PGE mineralisation and greatly enhances the potential economic viability of Caledonia's Rooipoort PGE/Au/Ni/Cu Project by more than doubling the area underlain by highly prospective PGE/Au/Ni/Cu mineralised stratigraphy already identified by drilling
Application to the South African authorities to transfer the Falconbridge rights to Eersteling will commence immediately.
Further information regarding Caledonia's exploration activities and operations, along with its latest financials may be found at www.caledoniamining.com.
Certain statements included herein are "forward-looking statements". Management cautions that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations, exploration or development programmes, or the financial condition of the Company, to differ include, but are not necessarily limited to, the risks and uncertainties discussed in documents filed by the Company with the various regulatory authorities having jurisdiction.
NOTE: There are Figures available on CCNMatthews' website at:
http://www.ccnmatthews.com/docs/calfig1.doc
http://www.ccnmatthews.com/docs/calfig2.doc
SOURCE: Caledonia Mining Corporation
Caledonia Mining
Stefan Hayden
President and CEO
+27 11 447 2499
BuckBias
Alex Buck / Nick Bias
+44 7932 740 452
www.caledoniamining.com
Copyright (C) 2006 CCNMatthews. All rights reserved.
You're right..Land!..Land!..damn man that means water..ooohh the thirst...what ya mean Heineken??? Plop! Aaaaahhhhh.. da weekend!!!...ya all have a good one!
OT. From da Doctor: "Those of you who might be affected know the address I use commerically or the "contact us" link at my website will work as well. Reference in the subjectline "BEEN BURNED BEFORE LIBEL GRIFCO", please.
and 2)to Refrain from further interaction with BBB, B2B as this proceeds, both to avoid any potential conflict and to keep my patience and temper in check."
..hehe.. :)))
..don't pop a vein..LOL
..don't pop a vein..LOL
"I have been advised by legal counsel to 1)ask for anyone that may have been swayed into NOT purchasing my newsletter"
Joe me started last week.. :(
hehe... :)))... brrrr!
Just kiddin here.. :)))
So it's not next week?? :)))
LOL..yep female is just fine with me.. :)))
Right here, bud...we're here nice and early.. :)))
IWNN.. :)))
Nice.. :)))
Nibble..Nibble.. :)))
.. hehe
HEEE HEEE HEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!
Then what ya doing here?...don't tell me ya gonna save me..lol..unless ya a pretty girl of course..so ya pretty?
Did you sell?
What size is da float?
Let them trade away..volume is good and the more eyeballs da better for when da good news hits.. :)))
Gotta like this: Stefan Hayden, President and CEO of Caledonia, said "The plant expansion will enable Barbrook to increase its gold production target to 220000 ounces per annum for the 2006 financial year and take advantage of the current high gold price and positive investor sentiment towards the metal. The mine's underground development program has identified substantial additional and accessible ore sources which will provide sufficient mining flexibility to meet the increased milling target of 18,000 tonnes per month."
Nice news.. :)))
Hmmmmmmm...so the word is next week...bit of a surprise really!... :)))
Drake Gold Resources Inc. Signs Management Contract With Thunder Gulch Resources Ltd.
Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce that it has signed a management agreement with Thunder Gulch Resources Ltd. (TGR)
TGR has agreed to an exclusive 48-month contract to perform services and operations for Drake Gold Resources Inc.
The agreement will provide DKGR with such general corporate, administrative, technical and other services that Thunder Gulch Resources LTD considers, such as engineering management services as necessary or advisable for the due and proper management of DKGR to achieve the goals and needs as determined by the policies and proceedings of the management and the board of the directors.
Additionally supervision of the hiring of competent personnel are required for the efficient operations, management and supervision of the performance of personnel and of the operations of various business enterprises, identification of business opportunities, conducting of due diligence, assistance in the negotiation and conclusion of contracts for such opportunities, assistance in coordination and administration of all development programs of DKGR together with all capital funding projects and resources which are necessarily incidental thereto, assistance in the coordination of the preparation and dissemination of the business plans and engineering reports, assistance in the liaison with and the setting up of corporate alliances for DKGR with major companies and customers, auditors, solicitors and the company's affiliated companies and business partners.
The president of Thunder Gulch Resources Ltd. said, "This agreement is very big step for both TGR and DKGR, and we are ready to begin operations as soon as possible, and with a number of potential projects already on the table we will steadily increase the value of Drake Gold Resources Inc. through diversified operations."
Clayton Smith, head of investor relations and consulting of Drake Gold Resources said, "Meeting personally with the principles of Thunder Gulch Resources Ltd. over the last few months has proved to be very beneficial, and we can't express our excitement enough for the future of Drake Gold shareholders, the agreement will lead to many successful operations."
Current and future shareholders are encouraged to sign up for email updates on our new website to stay up to the minute on new releases, reports, interviews, industry news and market related information. The sign up is located under the main menu at http://www.drakegold.com.
Shareholder inquires and suggestions are welcomed and should be directed to the Drake Gold Investor Relations Team at the toll free # 1-888-601-9983 or internationally at 1-503-618-0370 or via email at info@novakcapital.com.
About Thunder Gulch Resources Ltd.
Thunder Gulch Resources Ltd. (TGR) is an independent mining operator and project developer. The history of TGR is expansive and lengthy with success in mining ventures. The principle of TGR has operated exploration and development programs in Canada, United States, Venezuela, Africa and Russia and have set up mines on four continents: Asia, South America, Africa, and North America. The company combines over 30 years of mining, prospecting, evaluation, and operation expertise through its team of engineers and professionals.
Currently TGR has access and is completing evaluation and some sampling in certain projects located in a diversified array of areas for Drake Gold Resources Inc. to acquire. The company is reviewing areas throughout the United States along popular trends in Arizona, Oregon and Alaska. TGR is also reviewing locations throughout Canada in British Columbia and The Yukon Territories. Other properties have been presented to the company in popular gold districts in Northern Mexico as well that TGR is now considering.
About Drake Gold Resources Inc.
Drake Gold Resources Inc. is an early stage mining company that focuses on the exploration and production of precious metals. Several projects have been identified through its resources in North and Central America, which will be released as the agreements are completed. The company has allied itself with a team of professionals including Richard Biscan of Tara Gold Resources Inc. (TRGD) and Thunder Gulch Resources Ltd.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Source: Market Wire (March 8, 2006 - 1:58 PM EST)
News by QuoteMedia
www.quotemedia.com
Then you must know better..lol
Now that explains all ya good grades...bitch!...LOL
I made out HUGE..what ya saying??..
ROTFLOLOL
Ya think that chewed through some?.. :)))
Ya all have opinions..so..are we going to war with IRAN? Thanks.
Thank you for that DD. ROTFLOL!
LOL..my mom wrote some beauties also.. :)))
Nice day here.. :)))
Just wait till next week... :)))
Dude, ya gotta stop drinking..lol
DKGR..nice news.. :)))
Drake Gold Resources Inc. Signs Management Contract With Thunder Gulch Resources Ltd.
Drake Gold Resources Inc. (OTC: DKGR) is pleased to announce that it has signed a management agreement with Thunder Gulch Resources Ltd. (TGR)
TGR has agreed to an exclusive 48-month contract to perform services and operations for Drake Gold Resources Inc.
The agreement will provide DKGR with such general corporate, administrative, technical and other services that Thunder Gulch Resources LTD considers, such as engineering management services as necessary or advisable for the due and proper management of DKGR to achieve the goals and needs as determined by the policies and proceedings of the management and the board of the directors.
GSPG.. :)))
Safe??..You better start looking at mutual funds..lol