anncmt/chart

Tantalum Australia confirms pegamatite zone at Mt Deans
13:36, Tuesday, 21 September 2004

Sydney - Tuesday - September 21: (RWE Aust Business News) -
Tantalum Australia NL today said assay results had confirmed the
intersection of a significant zone of pegmatites in reverse circulation
(RC) drilling at its Mt Deans project, 7km south of Norseman in WA.
This intersection confirms the extensions to the pegmatite
intersected in RC drilling during March.
Inclined reverse circulation drillholes were completed in the
Western Lode System at Mt Deans to follow up a broad intersection of
pegmatite that was made in MDC 162 (72m at 324g/t Ta2O5 from 0 to 72m
down-hole), the results of which were announced to the market on May 5.
Assay results have now been returned for the RC program and
include the second broad pegmatite intersection in a zone containing two
pegmatites from 13m to 26m and 36m to 97m down-hole in MDC 182, about 60
metres northeast of MDC 162.
Better intercepts include 15m at 244g/t, 61m at 177g/t, 6m at
371g/t, 4m at 339g/t, 13m at 213g/t and 9m at 209g/t tantalum pentoxide.
Surface geological mapping of pegmatite outcrops in the Western
Lode System has confirmed two trends of pegmatite.
One set oriented in a northwesterly direction and another set of
veins that are almost at right angles trending northeasterly.
It is the northeasterly trending set that returned the recent
broad intercepts and directors say further drilling is required to
accurately determine the vein geometry.
Similar NW/NE trending pegmatite veins occur in the main
(Eastern Lode System) zone of Mt Deans, giving the company confidence in
relation to consistency and scale of the mineralised system.
Numerous pegmatites defined by the mapping have yet to be tested
by drilling.
Shares in Tantalum Australia today rose 0.2c to 5.8c.
ENDS