Eurasia Mining PLC
15 March 2004
Start of drilling to assess platinum potential at Kliprivier
Eurasia Mining plc ('the Company) is pleased to announce that it will today
begin drilling on its Kliprivier permit on the Eastern Bushveld Complex in South
Africa.
This drilling is intended to assess the potential for eventual production of
platinum group metals (PGMs) from two large structures identified by geophysical
surveys and geological mapping.
The two target structures are believed to include part of the UG2 reef, which is
a highly productive source of PGMs elsewhere across the Bushveld. The reef
reaches the surface at the eastern margin of the permit area.
The first drill hole is one of two planned as phase one of the Kliprivier
drilling programme. It will assess the potential of a large, 3km by 4km
northern basin at its maximum depth of 800 to 1,000m, where Eurasia controls
about 50% of the structure. It is scheduled for completion by the end of April.
The second hole, sited towards the middle of the basin, will assess the
potential of the second, southern, structure which extends over an area of 6km
by 1.5km, where Eurasia controls 70%.
Encouraging results from the first drill holes will allow Eurasia to follow up
with a program of drilling southwards, where the reef occurs at shallow depths.
The company will use the results from the first phase of drilling to plan a
second, more detailed phase later this year.
For further information contact:
Christian Schaffalitzky,
Managing Director, Eurasia Mining plc: +44 (0) 7736 062 266
Laurie Beevers, W H Ireland: +44 (0) 161 819 8742
Allan Piper, First City Financial Public Relations: +44 (0) 20 7436 7486
+44 (0) 7736 064 982
This information is provided by RNS
The company news service from the London Stock Exchange
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