Delrand Resources Limited - Press Release - Delrand Resources Provides Update On Drc Diamond Exploration ActivitiesRelease Date: 02/08/2013 08:12:00 Code(s): DRN
DELRAND RESOURCES LIMITED
(formerly BRC DIAMONDCORE LTD.)
(Incorporated in Canada)
(Corporation number 627115-4)
Share code: DRN ISIN Number: CA2472671072
(?Delrand? or the "Company")
Delrand Resources Provides Update on DRC Diamond Exploration Activities
- In August 2013 Delrand will investigate the possibility of kimberlites in three target areas
identified within the Bomili exploration permits that Delrand holds. These targets were
identified after detailed follow up of the data from a stream sampling mission in 2012.
- Delrand has focused its exploration under the Coexco option agreement down to nine (from
44) exploration permits. These contain five priority targets.
- The review of Delrand?s comprehensive and consolidated diamond exploration database
covering areas in the southern DRC well in excess of 100,000km?, continues to identify
numerous high-interest targets for further follow-up work
Toronto, Canada ? August 1, 2013 ? Delrand Resources Limited (?Delrand? or the ?Company?) (TSX-
DRN; JSE-DRN) provides an update on its diamond exploration activities in the Democratic Republic of
the Congo (the ?DRC?).
The northern DRC has a long history of good quality alluvial diamonds. To date, no primary sources, or
kimberlites, for these diamonds have been found. Delrand has prospected large areas in the provinces of
Equateur and Orientale in the search of these kimberlites.
Delrand?s sampling exploration programs over the Bomili and nearby Coexco ground in the northern
DRC was conducted between 2009 and 2012.
Stream sampling programs were also conducted over several phases between 2009 and 2012 over the two
Bomili exploration permits, which are wholly-owned by the Company and which occur 10 km north of
the Coexco ground. Three targets have been identified on the Bomili permits. These targets were
covered by 89 close spaced samples in 2012 of which 51 were positive with ilmenite and chrome spinel.
14 of these samples contained more than 10 mantle grains per sample strongly suggesting the presence of
proximal kimberlite. The results also indicate that these are aligned along NW-SE orientated structures
on one of the Bomili permits. Delrand is planning a mission in this month of August to identify the source
of those grains in at least two of the positive streams previously sampled. The Company believes that it
will be able to locate the source of those mantle grains by a combination of stream samples and ?hammer?
survey as there is little cover in the area and good outcrop in the streams. The next steps, once the
source(s) has been identified, are dependent upon the interest rating of these rocks but could include more
sampling, geophysics and drilling.
A significant number of samples collected over the original 44 Coexco exploration permits produced 63
diamonds, 17 ilmenites, 48 chromites (including nine from the diamond inclusion field) and eight garnets
during three phases of stream sampling in the period between 2009 and 2012. Interpretation of these
results highlighted six targets covering parts of nine of the original 44 Coexco exploration permits for
further detailed follow-up work. Further analysis resulted in one of the six targets being dropped.
Application to reduce the initial 44 permits into these five targets has been submitted to the Department of
Mines (CAMI) in Kinshasa, DRC.
Some other high-interest targets have also been identified in the Orientale Province by Delrand and may
be pursued once the Department of Mines (CAMI) in Kinshasa, DRC opens for new applications.
In the Kasai region of the southern DRC, Delrand continues to interpret a large diamond exploration
dataset that covers areas well in excess of 100,000km? which were explored between 2004 and 2008 by a
number of companies using modern exploration techniques. This dataset in conjunction with Delrand?s
own large database, which it has built up since 2004 from a program of stream and soil sampling and
airborne and ground geophysical surveys over much of its historical held ground and that of its previous
joint venture partners, provides Delrand with the largest exploration database for diamonds over one of
the most prospective and least explored areas in the world ? the Kasai Craton, producer of most of the
DRC?s historical diamond production of over 1.2 billion carats. The work has so far identified numerous
targets with samples that contain high interest mantle minerals and priority geophysical targets. The
mineral chemistry of these minerals suggests that they are likely to be derived from kimberlites that are
Negotiations with Acacia sprl are on-going in order to convert the option agreement that the Company has
with this local company into a joint venture agreement. Although Rio Tinto has announced its intention to
withdraw from the joint venture iron ore project, Delrand will maintain its interest in the asset with a view
to realizing any potential value at a future date.
Commenting on this update of exploration activities Dr. Mike de Wit, the Company?s President, said:
?Over the past several years, Delrand has been limited to a low cost and focused exploration
programme. During this period Delrand has itself amassed and obtained access to a considerable amount
of exploration data. The Company continues to process and further explore arguably the most
comprehensive DRC diamond exploration data base that has ever been assembled.?
Dr. Mike de Wit, President of the Company and a "qualified person" (as such term is defined in National
Instrument 43-101), has reviewed and approved the technical information in this press release.
Delrand Resources Limited is an African-focused mineral explorer with diamond exploration projects in
the Democratic Republic of the Congo. The Company also has an iron ore exploration project and other
mineral projects are under consideration. Led by an experienced board and management team with a
successful track record of exploration and mine development in Africa, the Company works in a
systematic and responsible manner to discover, assess and develop mineral resources for the benefit of its
shareholders and local stakeholders.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects or anticipates will or may occur in the
future (including, without limitation, statements relating to exploration results, potential mineralization and plans
and objectives with respect to mineral exploration) are forward-looking statements. These forward-looking
statements reflect the current expectations or beliefs of the Company based on information currently available to the
Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in the forward-looking statements, and even if such
actual results are realized or substantially realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially
from current expectations include, among other things, the possibility that future exploration results will not be
consistent with expectations, changes in equity markets, uncertainties relating to the availability and costs of
financing needed in the future, changes in commodity markets, foreign currency fluctuations, political developments
in the DRC, changes to regulations affecting exploration or development activities, delays in obtaining or failure to
obtain required project approvals, the uncertainties involved in interpreting geological data and the other risks
disclosed under the heading ?Risk Factors? and elsewhere in the Company?s annual information form dated
September 28, 2012 filed on SEDAR at www.sedar.com. Any forward-looking statement speaks only as of the date
on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent
or obligation to update any forward-looking statement, whether as a result of new information, future events or
results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking
statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly
undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information, please visit our website, www.delrand.com, or contact:
In Toronto: Tom Sipos, (416) 366-2221 or 1-800-714-7938.
In Johannesburg and the DRC: Brian P. Scallan, Vice President, Finance, +27 82 902 6273 or +243
2 August 2013
Arcay Moela Sponsors (Pty) Ltd
Date: 02/08/2013 08:12:00 Supplied by www.sharenet.co.za
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