6 April 2010
Kalahari Minerals plc (`Kalahari' or `the Company')
Further Exceptional Results from Rossing South
Kalahari Minerals plc, the AIM listed resource company, is pleased to provide an update, published by Extract Resources Ltd (`Extract' or `the Company'), in which Kalahari's subsidiary, Kalahari Uranium Limited, holds a 40.41% interest, regarding further exceptional chemical assay results from the Rossing South mineralised system, part of Extract's world-class Husab Uranium Project.
Kalahari Executive Chairman Mark Hohnen said, "These are again truly fantastic results. Both Zones 1 and 2 of Rossing South continue to deliver exceptionally wide uranium intercepts in excess of 1,000ppm, with highlights of 22m @ 1,410ppm from Zone 1, and 41m @ 1,222ppm from Zone 2, further confirming the global significance of the Husab Uranium Project. Importantly, the results continue to support the view that these zones are continuous at depth, and open, which should be significant with respect to the resource update scheduled for Q3 2010.
"Significantly, the resumption of exploration drilling has met with immediate success on the Western Limb of the Rossing South anticline, which is believed to have the potential for yet more zones of mineralisation, further increasing the scale of the project area. The proximity of the Western Limb to the existing zones 1, 2 and 3 should allow for any resources and reserves defined at these new prospects to be included in any future mine development.
"The initiation of design of the pilot plant testwork programme marks an important step towards completion of the definitive feasibility study scheduled for later this year, where preliminary cost estimates have already indicated Rossing South can support production of at least 14.8Mlbs U3O8 per year. With 17 rigs currently operating and more rigs due to join the programme soon, we believe Rossing South is one of the largest drilling programmes currently being undertaken anywhere in Africa and is testimony to the magnitude and importance of the Husab Uranium Project as a whole."
http://www.advfn.com/p.php?pid=nmona&article=42262127&epic=L^KAH
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