AfriOre reports technical results on the Akanani platinum project

In the post BrazMin reporting results for the 2nd quarter of the year and making new appointment we gave the shortcut to the press release of the company engaged mainly in the acquisition and development of gold exploration fields. Rcently another gold and platinum drilling company incorporated in the BVI has announced its technical results on the new project. The company AfriOre Limited, which has extensive experience in platinum exploration and acquisition in South Africa, currently is developing its 74%-owned Akanani Platinum Project on the Northern Limb of South Africa’s Bushveld Complex.

The results for the P2 Unit for the two drill holes, reported by the BVI company, are supporting platinum, gold, nickel and copper. The company gives technical summary and analysis of the results from the P2 Unit in the drill holes, highlighting the most important figures for the P2 Unit as well-developed and persistent mineralized zone. A revised independent mineral resource estimate for the Akanani Platinum Project is expected to be completed in September, 2006.

Exploration of Akanani is being conducted under the supervision of Company’s Qualified Person for Akanani, Mr. Henri Lombard, who is registered Professional Natural Scientist with the South African Council for Natural Scientific Professions.

It should be noted that the company AfriOre Limited has a successful history of increasing shareholder value through the exploration and development of its projects. The capital of the BVI company is approximately C$ 22.8M, it has 51,066,380 shares outstanding and 57,098,402 shares fully diluted.

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