The following was e-mailed to me from Stockhouse:
KALAHARI RESOURCES INC. ("KLA-V") WESTERN COPPER HOLDINGS LTD ("WTC-T") - Geomex 6 SMX Survey
Alberth W. Applegath, President of Kalahari Resources Inc. announces:
Geomex-6 (91,816 acres)
Faja De Plata, Central Mexico
Joint Venture Partner - Western Copper Holdings Limited
The following report has been written by geologist, Dr. Tom Patton, President of Western Copper Holdings Limited.
Western Copper is currently earning into a 51% interest in the project.
GEOMEX 6 SMX SURVEY
The Geomex 6 Concessions surround the northern end of the Leon- Guanajuato district presently being explored by Noranda, JMMSA and Penoles. The original large concession totalling 94,282 hectares has been reduced to three smaller claim blocks (plus four small fractions) totalling 37,172 hectares (91,816 acres).
Geomex 6 Claims
Geochemical sampling of claims A, B, and C using the Barringer SMX partial extraction technique was completed in December 1999. Analytical work was delayed due to a change in ownership of Barringer labs but results of all 564 samples (29 element sample suite) are now complete. All sample data are being sent to you under separate cover.
Target areas were selected on the basis of proximity to known mineralisation and/or the presence of gravity highs. Soil samples were taken at 100 meter intervals along lines with a line spacing of one kilometer. Results are summarized below:
BLOCK A
Total samples: 231
Sample numbers: GX6A-1 through GX6A-231
Results:
Three E-W trending lines were completed to cross a well defined
gravity anomaly. The strongest anomaly is on line 2 and covers an area of
about one kilometer. Within this area, copper, silver, lead, zinc and gold
are anomalous, as well as molybdenum, barium, bismuth and nickel. The
anomaly does not extend to the lines one kilometer to the north and south
but is surrounded by a broad silver-lead-barium anomaly. The line 2
anomaly appears to be situated just west of the centre of the gravity high.
A gold-silver anomaly is also present on line 2 east of the same gravity
anomaly.
BLOCK B
Total samples:
133
Sample numbers:
GX6B-432 through GXB-431
Results:
Line 1 parallels the southwest side of the mineral reserve and lines 2
and 3 were put in just north of the northern boundary. A sharply defined
polymetallic anomaly (copper-lead-zinc-gold-silver) was delineated on line
1 over a distance of about 500 meters in a northwest-southeast direction.
Its extent to the northeast and southwest is unknown.
BLOCK C
Total samples:
200
Sample numbers:
GX6C.232 through GX6C-431
Results:
Weak base and precious metal anomalies occur on all lines, but are
neither as strong nor as well defined as the anomalies in Blocks A and B.
I recommend drill testing the large anomalies in Blocks A and B
using a rotary rig. We plan to initiate work in September-October.
PRIVATE PLACEMENT
The Company announces that it has closed tranche 1 - 1,500,000
units at $0.,20 per unit for gross proceeds of $300,000 of the non-
brokered private placement announced June 5, 2000. Each unit
consists of one common share and one non-transferable share
purchase warrant. The warrant is exercisable at; $0.25 per share
until August 1, 2002. The shares are subject to a four month hold
period ending December 1, 2000.
TEL: (604) 669-3332 Kalahari Resources Inc.
FAX: (604) 662-8995 Albert. W. Applegath, President
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