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Trans Hex Group Limited - Press release
Trans Hex Group Limited
(Registration number 1963/007579/06)
JSE code: TSX
ISIN: ZAE000018552
("Trans Hex" or "the Group")
KIMBERLITE CONFIRMED AT A12
October 6, 2003
TORONTO, ONTARIO - Tsodilo Resources Limited (TSX Venture Exchange: TSD) and
Trans Hex Group Limited (Johannesburg Stock Exchange: TSX and Namibian Stock
Exchange: THX) are pleased to report that kimberlite has been intersected in
each of two holes drilled on the magnetic target designated A12, at their
Ngamiland joint venture property in northwest Botswana. This is the first target
to be investigated in the current drilling programme and is located to the north
of a group of kimberlites previously discovered in the Nxau Nxau region of the
Ngamiland project area.
Drilling has demonstrated that the A12 target has a restricted (45 metres) cover
of Kalahari sediments. The upper sections of the kimberlite are dominated by
shales and sandstones, while breccias are prominent at deeper levels. Based on a
preliminary examination of drill chips, Mr. Paul Zweistra of Mineral Logic, an
independent kimberlite consulting geologist based in Cape Town, South Africa,
has confirmed that these rocks represent the upper sections of a kimberlite
crater sequence; in other words a relatively uneroded kimberlite pipe. A more
detailed petrological examination is currently being carried out to refine our
understanding of the nature of the crater sequence.
The first hole drilled (A12-1) was terminated in breccias at a depth of 147
metres, while the second (A12-2) was terminated at the planned depth of 200
metres. Several sections of the deeper portions of this hole were dominated by
quartzites over lengths of two to three metres, which are interpreted to be
inclusions derived from the wall rock, separated by zones interpreted to
represent crater infill.
Ground gravity and magnetic surveys carried out over A12 suggest that the
kimberlite is slightly elongate, measuring approximately 400 metres north-south
and 400 to 500 metres east-west, indicating a surface area in the order of 12 to
16 hectares and thus significantly larger than any of the kimberlites previously
discovered in the Nxau Nxau area. This is considered to be encouraging, as in
southern Africa economic pipes occurring in a cluster are typically the largest.
Tsodilo Resources and Trans Hex are encouraged by these results. A recent report
of the recovery of an alluvial macrodiamond in Namibia, immediately to the west
of our Ngamiland prospecting licences, supports our contention that the
underlying mantle structure is favourable for the discovery of economic
kimberlites.
Drilling will be continued in early October, after a scheduled break by the
drilling company, when it is planned to drill four holes on each of the targets
designated A37 and A38.
Tsodilo Resources is an international diamond exploration company engaged in the
search for economic kimberlites at its Ngamiland and Gcwihaba projects in
northwest Botswana. The design and conduct of the Company"s exploration program
is the responsibility of Dr. Andrew Moore, a professional geologist registered
with the South African Council for Natural Scientific Professions.
Trans Hex is a world leader in the exploration, mining and marketing of high
quality diamonds from both alluvial and marine operations. The Group operates
mines along the mid and lower Orange Rivers and off the South African and
Namibian coasts and in Angola. Trans Hex has a 25% interest in the Ngamiland
project.
FOR FURTHER INFORMATION PLEASE CONTACT:
Trans Hex Group Limited
George Zacharias - Company Secretary:
E-Mail georgez@transhex.co.za
Telephone 021 937 2000
Mobile 082 418 3000
Tsodilo Resources Limited
Stephen Woodhead - Chief Financial Officer & Corporate Secretary:
E-Mail swoodhead@tsodiloresources.com
Head Office: Telephone +1 416 572 2033
Facsimile + 1 416 572 4164
Date: 06/10/2003 03:55:30 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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