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ASX / MEDIA RELEASE February 21, 2008
Technical team to Angola
CityView advises that following the meeting in Lisbon this week with its Angolan co-venturers, a full technical team is en route to Luanda. The team is headed by Mr Conrad Maher, the Chairman of CityView’s Advisory Board, and will evaluate the data on the designated onshore and offshore oilfields. Upon conclusion of the recommendation of the Advisory Board, it is the intention of the parties to proceed to definitive contract.
Accompanying Conrad Maher’s oil and gas team is a mining team chaired by Mr Ian Egan who are preparing the Fortitude work programme: a key priority being to complete a mining feasibility study on Cachoeiras as quickly as possible. The Aurum geological team has already departed for Angola to be on site to supervise the JORC drilling at Longonjo.
Whilst in Luanda the mining technical team will be evaluating the kimberlite and alluvial diamond concessions being offered to CityView. This will entail a complete review of the production plan including the proposed operating plant and onsite facilities and representation offices in Luanda.