FOR FURTHER INFORMATION PLEASE CONTACT:
Southern Africa Minerals Corporation
Denis Francoeur
President and C.E.O.
(416) 365-0250
HYPERLINK http:// www.southernafrica.net
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: SOUTHERN AFRICA MINERALS CORPORATION
S.E.C. EXEMPTION # 82-2371 SHARES ISSUED: 19.2 MILLION
TSE SYMBOL: SAF
JANUARY 13, 1999
Southern Africa Minerals Corporation - Up Date On The
Botswana Diamond Projects
TORONTO, ONTARIO--Exploration on the company's 100 percent owned
diamond projects, in Botswana, Africa, has produced more
encouraging results.
On the Molopo project, a reverse circulation drill program has
resulted in the discovery of eight (8) new kimberlite pipes. The
initial microdiamond results were conducted at the laboratories of
Lakefield Research, Ontario. The first two drill holes of the
phase 1 drill program have recovered two white transparent
microdiamonds from 50 kg of drill chips from the Antilope
kimberlite (magnetic anomaly 98-110). Layfield Resources Inc.
can earn a 75 percent interest in Molopo by expending US $5.0
million over a four-year period and delivering to the company
500,000 shares it holds of Southern Africa Minerals and 1,000,000
shares of Layfield. Contiki Resources Inc. is currently drilling
10 additional holes and has the option to earn a 60 percent
interest from Layfield in a portion of the Molopo property. The
two Vancouver based junior mining companies are operators of the
Molopo project.
On the Mosomane diamond project, microprobe analyses of indicator
minerals recovered from the diamond drill core samples processed
for microdiamond analyses have confirmed the presence of G10
garnets and of chromites that are compositionally similar to
chromite and garnet inclusions in diamond. In addition to the
microdiamonds recovered (Press releases of November 2nd and July
21st, 1998), this confirms the potential for an economic diamond
discovery on the Mosomane project. Several other targets are
scheduled to be tested by drilling later this year.
The Mosomane property is located 50 km north of the capital city
of Gaborone in Southeastern Botswana. Molopo is located some 500
km to the southwest of Mosomane. Both properties are located
along the same structural lineament that host the Jwaneng Mine,
the richest producing diamond mine in the world.
For additional information, please visit our new web site at
HYPERLINK http:// www.southernafrica.net or contact Denis
Francoeur, President and C.E.O. (416) 365-0250.
The Press Release Was Prepared By Southern Africa Minerals
Corporation Which Accepts The Responsibility As To Its Accuracy.
No Stock Exchange Or Any Regulatory Authorities Or Similar Body,
Have Approved Or Disapproved The Information Contained Herein.
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