AfriOre reports further results for the Akanani Platinum project
AfriOre Limited, a BVI company recently acquired by the UK-based Lonmin PLC, has recently reported the results for the P2 Unit from a further four drill holes at the Akanani Platinum Project. Previous independent mineral resource estimate for the Akanani Project, which is currently the main focus of AfriOre and is 74%-owned by the company, was reported in September. The results for holes support the continuity of wide and high-grade mineralization for the P2 of the Platreef within the Southern Priority Area at Akanani.
The analysis for these drill holes further indicates that an area of robust PGM mineralization exists in the SPA. These drill holes returned high nickel and copper values, consistent with the results from the previously reported intersections of the P2 Unit. The drill rigs are currently operating within the Central and Northern Exploration Areas of the Project. The objective of this work is to define a mineral resource over the northern 5.2 kilometres of the total of 9 kilometre strike length of the Platreef at Akanani.
Additional information with respect to Akanani Project of AfriOre Limited is contained in a technical report dated November 2, 2006.