OK, near the Diamond Play are KIMBERS: Not JABAs exact area but the same CORONATION GULF and Jaba is on the two sides ofthe Northen part both on east and on the west, so let's hope the MONKEY IN THE MIDDLE has legs, or is it pipes LOL: Caledonia Mining Corp - Stellaria Kimberlite Confirmed Diamondiferous
Toronto, Ontario - Wednesday, July 17, 2002, 10:33 AM EDT
Caledonia Mining Corporation ("Caledonia") of Toronto (TSX: CAL and
NASDAQ - OTCBB: CALVF) is pleased to report microdiamond results
for the Stellaria kimberlite on the Kikerk Lake property in the
Coronation Gulf region of Nunavut, and to announce the summer
exploration program for the property which will be carried out by
Ashton Mining of Canada Inc. ("Ashton").
Stellaria Kimberlite
The Stellaria kimberlite is situated approximately 700 m east of
the Potentilla kimberlite. As reported on May 21, 2002, the
vertical discovery hole was drilled into a geophysical anomaly
having approximate surface dimensions of 160 m x 50 m. This anomaly
is oriented along a geophysically defined linear feature with an
approximate strike length of 2 km. After passing through 20 m of
glacial overburden and 35 m of dolomitic limestone, the drill
intersected approximately 39 m of hypabyssal kimberlite. Drill core
was processed by caustic dissolution at Ashton's North Vancouver
laboratory and returned the following numbers of diamonds:
Sample Weight Numbers of Diamonds
(kg) Macro
Micro greater than or equal to
0.1-0.5 mm 0.5 mm (in one
(in two dimensions) dimension)
105.4 66 13 (Note 1)
Note 1: One of the macrodiamonds is greater than 0.5 mm in two
dimensions and measures 0.8 x 0.6 x 0.4 mm.
Summer 2002 Exploration Program
Ashton is encouraged by the confirmation of a second diamondiferous
kimberlite on the Kikerk Lake property. The summer exploration
program, scheduled to commence in late July, will include further
prospecting and additional detailed heavy mineral sampling. The
objective of this portion of the program is to investigate a number
of unexplained indicator mineral anomalies near the Potentilla and
Stellaria kimberlites. A prominent indicator mineral dispersion
anomaly has already been identified 700 metres southwest of
Potentilla. Heavy mineral samples will also be collected to
investigate subtle indicator mineral anomalies as well as priority
geophysical anomalies identified by an airborne survey conducted
earlier in the year.
The 2002 summer exploration program will also include drilling of
the Stellaria kimberlite itself as well as drilling along the
defined linear feature associated with Stellaria. The goal of this
work is to better define the size and orientation of the kimberlite
body, and to determine whether it may be a structurally controlled
dyke.
As reported on May 21, 2002, a 5.5 tonne mini-bulk sample was
collected from Potentilla as part of the winter 2002 field program
and is currently being processed through Ashton's dense media
separation plant in North Vancouver. Completion of analysis is
expected before the end of August.
In terms of the Caledonia-Ashton Joint Venture Agreement Ashton
will fund Caledonia's interest in the property until a bankable
feasibility has been completed. Caledonia holds a 17.5% interest in
the property, while Ashton the operator of the programs holds a
52.5 percent interest, and Northern Empire Minerals Ltd. holds a 30
percent interest.
Further information regarding Caledonia's exploration activities
and operations along with its latest financials may be found on
Caledonia's website http:/www.caledoniamining.com
For further information please contact Caledonia Mining
Corporation:
S.E. Hayden James Johnstone
Chairman, President and CEO V-P Operations and COO
South Africa Canada
Tel: (011-27-11) 447-2499 Tel: (1-905) 607-7543
Fax: (011-27-11) 447-2554 Fax: (1-905) 607-9806
Chris Harvey
Technical Director
Canada
Tel: (1-905) 607-7543
Fax: (1-905) 607-9806
Caledonia Mining Corporation
(Mining, Mining)
caledoniamining.com
OTC-BB: CALVF
TSE: CAL
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CALVF was mentioned on this investment site as unusual viol or some such YESTERDAY it might still be up on the audio as they changer it at 2 PM every day:
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