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TAW - Tawana - Positive results from initial mineral chemistry at the Riverton

Release Date: 27/06/2007 08:27
Code(s): TAW
Wrap Text

TAW - Tawana - Positive results from initial mineral chemistry at the Riverton Kimberlite Project in South Africa Tawana Resources NL (Incorporated in Australia) (Registration number ACN 085 166 721) Share code on the JSE Limited: TAW ISIN: AU000000TAW7 Share code on the Australian Stock Exchange Limited: TAW ISIN: AU000000TAW7 ("Tawana" or "the Company") Positive results from initial mineral chemistry at the Riverton Kimberlite Project in South Africa Tawana is pleased to announce positive results from initial mineral chemistry at the Riverton kimberlite project, in South Africa, which indicate a high likelihood of the kimberlite containing diamonds. A dense media separation plant is now being moved to site to start a bulk sampling program in Q3 2007. Located 25 kilometers north of Kimberley, this project is a joint venture with Taormina Mining (Pty) Limited ("Taormina"), an unlisted South African company. The 4 hectare kimberlite pipe, known as the Riverton Mine, is anecdotally reported to have produced good quality diamonds when it was mined by small scale diggers during the 1990`s. Tawana will apply modern exploration and mining techniques to evaluate the potential of this project. As part of this evaluation Tawana collected kimberlite rock samples from three sections of the Riverton Mine to determine the mineral chemistry of the rocks. This enabled the Company to form a preliminary view on the likelihood of these sections of the mine to produce diamonds. The samples were processed at the Company`s Melbourne laboratory and the constituent kimberlitic spinels and garnets were analysed by electron microprobe. The spinels contain exceptionally high levels of chromium oxide and low levels of titanium oxide. This indicates that the kimberlite is highly likely to contain diamonds and supports the anecdotal reports of diamond recoveries from the Riverton Mine. The presence of G10 (high chrome, low calcium) garnets in the samples gives further support to this interpretation. Tawana is currently re-locating its 10 tonne per hour dense media separation (DMS) plant to Riverton in preparation for a 2,000 tonne bulk sampling program scheduled to commence during Q3 2007. Contact: Wolf Marx Tel: +61 (0)3 98635222 Mob: +61 (0)428 398446 Email:wolf.marx@tawana.com.au This report is based on information compiled by Wolf Marx BSc, BA, FAusIMM, CPGeo, Managing Director of Tawana Resources NL. He has sufficient experience relevant to the style of mineralisation and types of deposits under consideration, and to the activities undertaken, to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for the Reporting of Mineral Resources and Ore Reserves" Sponsor: PricewaterhouseCoopers Corporate Finance (Pty) Limited All press releases and announcements may be inspected on the Company`s web site, namely: www.tawana.com.au 27 June 2007 Date: 27/06/2007 08:27:59 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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