|
Tawana - New Kimberlite Discovery-Daniel Kimberlite Project
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
ISIN: AU000000TAW7
Share code on the Australian Stock Exchange Limited: TAW
ISIN: AU000000TAW7
("Tawana" or "the Company")
21 December 2005
New Kimberlite Discovery-Daniel Kimberlite Project
The Directors of Tawana are pleased to advise that a new kimberlite has been
discovered in the Daniel Kimberlite Project (DKP) in South Africa.
The kimberlite was located by soil sampling and a magnetic survey over Falcon
target A95. Kimberlite was confirmed by percussion drilling and laboratory
analysis of the drill cuttings.
The kimberlite is in the form of a dyke (fissure) with several blows or small
pipes and can be traced by magnetic data to the Eastern Gravel diamondiferous
alluvial deposit.
It was previously reported that the high quality (US$274 per carat) diamonds
found in the Eastern Gravels are different to those found draining the Finsch
Mine and are thought by Tawana geologists to be derived from a different source.
The A95 kimberlite may be this source.
As it is too early to confirm that this is the source, the kimberlite will be
sampled by drilling and bulk sampling early in 2006 to ascertain whether it is
diamondiferous and, if diamonds are recovered, to compare these diamonds with
those recovered from the Eastern Gravels.
Following the discovery of kimberlites A1 and A2 in November, the BHP Billiton
Falcon data was reviewed and this led to a reassessment of the A95 target.
Similar targets have now been selected for drilling in 2006.
The DKP is a joint venture between Tawana, BHP Billiton and Seven Falls.
The information in this report is based on information compiled by Wolf Marx
BSc, BA, FAusIMM, CPGeo, Managing Director of Tawana Resources NL. He has
sufficient experience relevant to the style of mineralization and types of
deposits under consideration, and to the activity undertaken, to qualify as a
competent person as defined in the 2004 addition of the "Australasian Code for
Reporting of Mineral Resources and Ore Reserves"
For enquires contact:
Wolf Marx Andrew Smith
Tel: +61 3 99097551 Tel: 08 82768794
Mob: 0428 398446 Mob: 0417 265205
wolf.marx@tawana.com.au ahs.taw@bigpond.net.au
PricewaterhouseCoopers Corporate Finance
Tel: +27 (0)11 7974440 or 797 4606
All press releases and announcements may be inspected on the Company"s web site,
namely: www.tawana.com.au
Date: 21/12/2005 08:09:08 AM 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
