Post by goldsmith on Nov 17, 2004 10:24:59 GMT -5
Rooipoort Platinum Exploration Project
Caledonia Mining: The Rooipoort Platinum project
near Mokopane, South Africa is situated
at the southern end of the Northern Limb
of the Bushveld Complex ("BC").
The Northern Limb is host to
the Potgietersrus Platinum Ltd.
open-pit mine of Anglo Platinum,
located in the same "Platreef"
structure of continuation,
some 45 kilometres to
the north of Rooipoort.
Significant exploration programs for Platinum
Group Elements ("PGE") are also being conducted
throughout the Northern Limb by a number
of companies.
Maps showing the location of the Rooipoort property
and drill hole locations are available on
the Caledonia website at
www.caledoniamining.com/prp_roo.html
The Phase 1 drilling program at Rooipoort was completed
in July 2004 and consisted of 23 drill holes
totalling 6,862 metres.
The results obtained from the 23 holes drilled in
Phase 1 are presented in Caledonia's
Third Quarter Report which is available
on the company's website www.caledoniamining.com
and also on SEDAR.
The Phase 1 results are very encouraging
and show an extensive area of PGE mineralization
contained in 2 main zones, an upper lithological unit predominantly characterized by cumulative plagioclase
and the development of "mottled anorthosites" (MAIN Zone) and a lower lithological unit predominantly
characterized by the presence of pyroxenites
and chromitite (LMF Zone).
The LMF zone on Rooipoort may be equated with the
Anglo "Platreef"
which is the target of most PGE exploration
in the Northern Limb, as well as the host
to ore at Potgietersrus Platinum's mine.
Well if that's the situation by drilling
be proved by CALVF - the value for Rooipoort project
would increase with many 100's of million?,,
The PGE mineralization occurs at shallow depth
in multiple narrow horizons within these zones
and the Phase 2 exploration programme which is
currently underway with two diamond drills
currently active on the property is aimed
at adding confidence to the continuity of grade
and width between these horizons
and within the zones.
Sampling and assaying to date has been focused
on horizons containing pyrrhotite
and chalcopyrite as well as extending
above and below into apparently barren rock.
An exercise to test for non- sulphide associated PGE mineralization is being undertaken
and to date samples have been collected
from 2 full drill sections.
Phase 2 of the drilling program commenced
in August 2004 with an initial 10 holes
planned to fill in gaps in the stratigraphy.
Eight Phase 2 holes, totalling 2,104 meters,
have been completed to date and drilling
to define an initial resource at Rooipoort
will commence after completion of
the 10 hole Phase 2 program.
Additional Adjacent Properties Acquired
on Grasvally:
During the third quarter 2004, additional
mineral rights were optioned over portions
of Grasvally 293KR which is immediately
adjacent to the southern boundary of
the Rooipoort property.
www.caledoniamining.com/rooi_10-31-04.html
A total of 43 hectares of additional exploration
property was optioned.
Further land negotiations in this area are ongoing.
Platinum $873.00 per ounce
Imo.
Caledonia Mining: The Rooipoort Platinum project
near Mokopane, South Africa is situated
at the southern end of the Northern Limb
of the Bushveld Complex ("BC").
The Northern Limb is host to
the Potgietersrus Platinum Ltd.
open-pit mine of Anglo Platinum,
located in the same "Platreef"
structure of continuation,
some 45 kilometres to
the north of Rooipoort.
Significant exploration programs for Platinum
Group Elements ("PGE") are also being conducted
throughout the Northern Limb by a number
of companies.
Maps showing the location of the Rooipoort property
and drill hole locations are available on
the Caledonia website at
www.caledoniamining.com/prp_roo.html
The Phase 1 drilling program at Rooipoort was completed
in July 2004 and consisted of 23 drill holes
totalling 6,862 metres.
The results obtained from the 23 holes drilled in
Phase 1 are presented in Caledonia's
Third Quarter Report which is available
on the company's website www.caledoniamining.com
and also on SEDAR.
The Phase 1 results are very encouraging
and show an extensive area of PGE mineralization
contained in 2 main zones, an upper lithological unit predominantly characterized by cumulative plagioclase
and the development of "mottled anorthosites" (MAIN Zone) and a lower lithological unit predominantly
characterized by the presence of pyroxenites
and chromitite (LMF Zone).
The LMF zone on Rooipoort may be equated with the
Anglo "Platreef"
which is the target of most PGE exploration
in the Northern Limb, as well as the host
to ore at Potgietersrus Platinum's mine.
Well if that's the situation by drilling
be proved by CALVF - the value for Rooipoort project
would increase with many 100's of million?,,
The PGE mineralization occurs at shallow depth
in multiple narrow horizons within these zones
and the Phase 2 exploration programme which is
currently underway with two diamond drills
currently active on the property is aimed
at adding confidence to the continuity of grade
and width between these horizons
and within the zones.
Sampling and assaying to date has been focused
on horizons containing pyrrhotite
and chalcopyrite as well as extending
above and below into apparently barren rock.
An exercise to test for non- sulphide associated PGE mineralization is being undertaken
and to date samples have been collected
from 2 full drill sections.
Phase 2 of the drilling program commenced
in August 2004 with an initial 10 holes
planned to fill in gaps in the stratigraphy.
Eight Phase 2 holes, totalling 2,104 meters,
have been completed to date and drilling
to define an initial resource at Rooipoort
will commence after completion of
the 10 hole Phase 2 program.
Additional Adjacent Properties Acquired
on Grasvally:
During the third quarter 2004, additional
mineral rights were optioned over portions
of Grasvally 293KR which is immediately
adjacent to the southern boundary of
the Rooipoort property.
www.caledoniamining.com/rooi_10-31-04.html
A total of 43 hectares of additional exploration
property was optioned.
Further land negotiations in this area are ongoing.
Platinum $873.00 per ounce
Imo.