SUB NIGEL GOLD MINING COMPANY LIMITED - SUB NIGEL BEGINS EXPLORATION DRILLING AT
VENTERSBURG
SUB NIGEL GOLD MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share code: SBN ISIN: ZAE 000006391
("Sub Nigel" or "the company")
SUB NIGEL BEGINS EXPLORATION DRILLING AT VENTERSBURG
The board of directors of SBN is pleased to report that the company has
commenced exploration drilling at the company"s Ventersburg project near the
town of Henneman in the Free State, South Africa. The Ventersburg mineral rights
to precious metals were purchased from Gold Fields Limited in 2003 and cover
approximately 10,000 hectares of ground. The exploration programme involves two
phases of drilling, both phases focusing on the northern section of this area.
The first phase of the drilling programme is expected to cost R1, 200,000 and
will include approximately 1,400 metres of diamond hole drilling, including
deflections. It is hoped to delineate further resources for the project from
this phase.
Phase two of the drilling programme should commence later in the year and is
expected to cost R3, 000,000. It is anticipated that this programme will
corroborate the results of historic drilling.
SBN will provide results of its drilling programme as soon as they become
available.
19 May 2004.
Date: 19/05/2004 02:03:02 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
