Thabex - Drilling Of Three Core Drill Boreholes Co
DRILLING OF THREE CORE DRILL BOREHOLES COMPLETED ON THE POTGIETERSRUS
PROSPECTING AREA
Marius Welthagen, CEO and Managing Director of Thabex, is pleased to report
that Falconbridge Ventures of Africa (Pty) Ltd ("FVA") has completed three
core drill boreholes on the farm Piet Potgietersrus Town and Townlands 44KS.
Two of the boreholes were drilled on the Uitloop 2 ultramafic body, in the
northern area of Platinexco (Pty) Ltd's ("Platinexco") prospecting area. The
third borehole was drilled on the Platreef mineralization near the
prospecting shaft in the south of the prospecting area. Results of the
drilling are being interpreted by FVA and, where applicable, core samples
are being submitted for analysis.
The exploration programme on the farm Piet Potgietersrus Town and Townlands
44KS is conducted in terms of a Joint Venture in which FVA, a wholly owned
subsidiary of Falconbridge Limited of Canada, may earn 51% by solely funding
the current exploration programme up to R5,2m before Platinexco has the
option to contribute. Platinexco is a wholly owned subsidiary of Thabex.
For further information, please contact:
Marius Welthagen -or- Leopold Bosch -or- Explore our website:
Managing Director Director www.thabex.com
(011)678-0791 (011)678-0791 info@thabex.com
Johannesburg 15 October 2001
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