TAW - Tawana - Aquila Discovers High Grade Manganese on Two Release Date: 08/04/2008 08:54:18 Code(s): TAW
TAW - Tawana - Aquila Discovers High Grade Manganese on Two
Project Areas in South Africa
Tawana Resources NL
(Incorporated in Australia)
(Registration number ACN 085 166 721)
Share code on the JSE Limited: TAW
Share code on the Australian Stock Exchange Limited: TAW
("Tawana" or "the Company")
8 April 2008
Aquila Discovers High Grade Manganese on Two Project Areas in South Africa
Tawana indirect interest 5.2%
Aquila Resources Limited ("Aquila") today released an announcement to the
Australian Securities Exchange relating to the discovery of high grade manganese
on two project areas in South Africa. The summary of the announcement follows.
The full announcement can be viewed on Aquila`s website at
Tawana Resources NL ("Tawana") advises that it holds 26% equity in Rakana
Consolidated Mines Pty Ltd ("Rakana"), the joint venture partner of Aquila in
Aquila Discovers High Grade Manganese on Two Project
Areas in South Africa
Highlights of intersected manganese mineralisation include:
- 6.69m at 46.13% Manganese
- 6.09m at 48.60% Manganese
- 3.70m at 40.81% Manganese
Carbon steel resources producer and developer, Aquila Resources Limited (ASX:AQA
Aquila or the Company) is pleased to announce promising manganese assay results
from its Avontuur Projects located 75km north west of Kuruman, in the Northern
Cape Province of South Africa.
The results are from the first three holes assayed from the 74% owned Avontuur
Projects, which comprise a permit area of 370sq km. The manganese discoveries
were identified on two mineralised prospects some 20km apart and adjoining the
northern-most farms of the main Kalahari Manganese Field.
The permit was taken up initially for iron ore, but modelling of aeromagnetic
data and assessment of previous exploration identified two targets for manganese
Tel: +61 (0)3 98635222
Mob: +61 (0)428 398446
Sponsor to TawanaPricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 08/04/2008 08:54:18 Supplied by www.sharenet.co.za
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