ABN Newswire http://www.abnnewswire.net Wed, 30 May 2012 01:14:17 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ Alara Resources Limited (ASX:AUQ) Drilling Update at the Khnaiguiyah Zinc Copper Project ]]> en72641 Y http://www.abnnewswire.net/press/en/72641/ Wed, 16 May 2012 12:50:25 GMT Australian-based minerals exploration and development company Alara Resources Limited (ASX:AUQ) (Alara) is pleased to report the results from an ongoing drilling programme at its flagship Khnaiguiyah Zinc-Copper Project in Saudi Arabia.

The drilling results announced today confirm the presence of significant additional mineralisation to the maiden Khnaiguiyah JORC Resource announced on 21 February 20121.

These results represent a progressive update on Alara's 10,000m backlog of additional drilling, conducted since the drilling cut-off date of 22 November 2011 for the JORC Resource estimation.

The drilling results cover a total of 19 holes, including a third batch of results from Zone 1 comprising 8 holes and an additional 7 holes from Zone 2. These results are outside the previously defined JORC Resource area and confirm additional mineralisation in Zone 1 and Zone 2 (North extension). In addition to this, 4 holes from Zone 3 covered in this announcement are previously drilled geotechnical holes for which analysis was carried out after completing a related geotechnical study.

Assay results from completed drilling, together with results from drilling continuing in Zones 1 and 2 to confirm mineralised extensions, will be announced over the coming months.

DRILLING HIGHLIGHTS

ZONE 1:
- Hole K1DD12_221 from 24-30.8m: 6.8m at 6.02% Zn; 0.49% Cu
- Hole K1DD12_222 from 63-66m: 3m at 7.51% Zn; 0.95% Cu
- Hole K1DD12_245 from 25.45-34m: 8.55m at 10.91% Zn; 0.19% Cu
including 25.45-28m 2.55m at 21.80% Zn; 0.34% Cu
and 42-47.1m: 5.1m at 10.97% Zn; 0.21% Cu
including 45-46m: 1m at 31.56% Zn; 0.70% Cu

ZONE 2:
- Hole K2DD12_233 from 80.8-86m: 5.2m at 7.15% Zn; 0.14% Cu
- Hole K2DD12_237 from 157-162m: 5m at 8.40% Zn; 0.38% Cu
- Hole K2DD12_239 from 177-188m: 11m at 6.42% Zn; 0.12% Cu
- Hole K2DD12_240 from 91-101m: 10m at 10.90% Zn; 0.31% Cu

ZONE 2 (Copper Rich Zone):
- Hole K2DD12_237 from 164-168m: 4m at 1.09% Cu
- Hole K2DD12_238 from 193.4-203m: 9.6m at 1.47% Cu

ZONE 3:
- Hole K3DD11_037 from 78-82m: 4m at 11.02% Zn; 0.07% Cu
- Hole K3DD11_044 from 187-209.1m: 22.1m at 6.87% Zn; 0.14% Cu
and 214-221m: 7m at 6.69% Zn; 0.65% Cu
- Hole K3DD11_052 from 20-31m: 11m at 5.62% Zn; 0.22% Cu

The results from Zone 1 continue to confirm mineralisation at shallow depths and similar in grade as that found in Zones 2 and 3. In particular, Hole K2DD12_240 drilled in the southernmost edge of Zone 2 intersected 10m at 10.90% Zn. This confirms the mineralisation open in a southern direction positioned along the shear zone.

A complete tabulation of intersection results along with maps indicating the location of these holes in Zones 1, 2 and 3 are attached (refer Appendix - Summary of Intersection Results and Drill-Hole Locations).

It is noted that drill intercepts are reported as drilled; true thicknesses will be calculated at the interpretation and resource modelling stage. The drill intersections are almost perpendicular to mineralisation and no significant difference is expected in true and intersection thickness.

Alara Resources' Managing Director, Shanker Madan, said: "These latest results confirm the presence of additional mineralisation within Zones 1 to 3 and give us further confidence surrounding the feasibility and scale of the Khnaiguiyah Zinc Copper Project."

"The Khnaiguiyah Definitive Feasibility Study (DFS) is nearing completion and is expected to be finalised by the end of June 2012. Once the DFS is complete, Alara will move to the design and construction phase of the Khnaiguiyah Project," added Mr Madan.

DRILLING STATUS

Alara is continuing the infill and step-out drilling to extend mineralisation in
Alara is continuing the infill and step-out drilling to extend mineralisation in Zone 1 and Zone 2 with a view to identifying additional mineralisation prior to the completion of the Khnaiguiyah DFS in Q2 2012. Since the commencement of the Khnaiguiyah Zinc-Copper Project drilling programme, Alara has completed a total of 290 holes to 35,155 metres.

For the full announcement including tables and charts please visit:
http://media.abnnewswire.net/media/en/docs/72641-AUQ-ASX-Release_16May12.pdf

Shanker Madan 
Managing Director
T | +61 8 9214 9787 
E | smadan@alararesources.com

David Loch
Unicus
T | +61 3 9654 8300 
M | +61 411 144 787
E | david@unicusgroup.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Venus Metals Corporation Limited (ASX:VMC) Processing of Diamondiferous Gravels Commences ]]> en72599 Y http://www.abnnewswire.net/press/en/72599/ Fri, 11 May 2012 09:04:00 GMT The Directors of Venus Metals Corporation Limited (ASX:VMC) are pleased to report that processing of diamondiferous gravels at the Argyle Smoke Creek Alluvial Diamond project has commenced for economic evaluation.

Venus' Argyle Smoke Creek Alluvial Diamond Project lies adjacent to the Argyle diamond mine (Figure 1).

The Smoke Creek Alluvial Diamond Project has a JORC Inferred Diamond Resource of 6,000,000 carats.

After economic and resource confidence consideration, with a cut-off of 10 CPHT applied, the Inferred Resource has been estimated at 21.5 Mt at an average grade of 28 CPHT for a total of 6,000,000 carats (refer ASX announcement 7 September 2011).

The 1979 discovery of alluvial diamonds in Smoke Creek led to the discovery of the world-class Argyle diamond deposit.

Argyle Diamonds Ltd has operated its Argyle diamond mine in WA since 1985 although it had commenced alluvial diamond mining at nearby Smoke Creek in 1983. Argyle was the largest diamond mine in the world for many years, peaking at approximately 42.8m carats in 1994. Argyle Diamond Mines (ADM) operated an alluvial mine in upper Smoke Creek for many years, supplementing the hard rock AK1 production with the alluvial product which had a better quality distribution than AK1 and included the rare pink diamonds.

ADM's bulk sampling within the Venus ground recorded the presence of diamonds within all the samples taken (sample size was typically around 30 tonnes). The highest grade ADM recorded was from bulk sample SC24-6 which returned 200 carats/hundred tonnes (CPHT) from the sample depth interval 5-6 metres. Other encouraging results included bulk sample SC22-1 which returned 186 CPHT from surface to one metre depth, and sample SC31-3 which returned 185 CPHT from 2-3 metres.

In February 2012 Rio Tinto announced that it had discovered Australia's biggest rough pink diamond at Argyle weighing 12.76 carats with an estimated value of around $20million. Indeed, one report in the Daily Mail (UK) speculated it could fetch as much as GBP25m at auction. This stone is currently being cut & polished at Argyle and may be included in Argyle's Pink Diamonds Tender. This stone, while it is rare, demonstrates that the AK1 pipe can produce some very special stones.

The Venus Smoke Creek Alluvial Diamond Project contains the same diamondiferous gravels as those already mined by Argyle in upper Smoke Creek and are derived from the Argyle (AK1) lamproite pipe at the head of Smoke Creek.
Tom Albanese, Chief Executive Officer of Rio Tinto was quoted in the company's "Rare and Collectable" press release (July 2010) saying:

"Thirty years ago there were very few people who believed Australia could hold the secret of diamonds - even fewer could foresee the discovery of the rarest of all diamonds - the Argyle pink diamond."

The release further stated "...with only a decade of remaining mine life at Argyle, these rare pink diamonds are becoming rarer".

Another Rio Tinto press release (September 14, 2010) states that: "the Argyle Diamond Mine... produces virtually the entire supply of the world's pink diamonds". Also - "Pink diamonds are among the most intriguing and highly valued gems in the world both because of their richness, colour and rarity".

Venus' Argyle Smoke Creek Alluvial Diamond Deposit potentially provides a new source of genuine, Kimberley Process compliant, issue-free Australian diamonds including the rare pinks.

The purpose of Venus' bulk sampling and diamond recovery program is to establish the quality and value distributions of diamonds recovered for economic modelling for international marketing and funding proposals and commercialisation strategies.

Diamond results from the program will be announced to ASX as soon as they become available.

To view the complete Venus Metals announcement including Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-VMC-589476.pdf

Venus Metals Corporation Limited
T: +61-8-9321-7541
F: +61-8-9486-9587
WWW: www.venusmetals.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Venus Metals Corporation Limited (ASX:VMC) Quarterly Activities and Cashflow Report ]]> en72446 Y http://www.abnnewswire.net/press/en/72446/ Fri, 27 Apr 2012 16:20:00 GMT Venus Metals Corporation Limited (ASX:VMC) exploration activities conducted during the quarter ending 31 March 2012 includes soil sampling and assaying at Yalgoo Iron Ore Project, assaying of RC chip and soil samples at Bassit Bore Prospect, reconnaissance RAB drilling programme at Yarloo Well and preparation for processing diamondiferous alluvial gravels at Smoke Creek.

EXPLORATION HIGHLIGHTS:

1. YALGOO IRON ORE PROJECT

- To delineate the potential target areas for magnetite mineral resources within E59/1611, a detailed desktop study was conducted using aeromagnetic data.

- 288 soil samples on a 100mx100m grid were collected in E59/1611 and assayed for Iron and other metals. Anomalous Ag, Fe and Ni values warrant follow up work.

- Discussion continued with the company's Chinese partners regarding future work programs to assist with commercializing the project.

2. BASSIT BORE PROSPECT

- 25 RC holes for a total depth of 1,980 m were completed as a first pass reconnaissance drilling program during the last quarter at the Bassit Vein and Kempton Vein areas. Intersections of mineralised zones with Au, Ag and Cu are as follows.

Kempton Vein:

- 2m 1.83 g/t Au (54-56m) includes 1m of 2.52 g/t Au (54-55m) 6m 0.42% Cu (22-28m) including 1m 0.9% Cu (26-27m) 10m 1.43 g/t Ag (22-32m) (BBKRC04)

- 2m 1.21 g/t Au (51-53m) and 1m 0.21% Cu (51-52m) (BBKRC06)

Bassit Vein:

- 2m 1.70g/t Au, 3.1g/t Ag and 0.15 % Zn (23-25m) (BBRC14)

- 1m 1.76g/t Au (55-56m) (BBRC03)

- 1m 20.1g/t Ag and 0.14% Cu (46-47m) (BBRC04)

- A new target area was also identified on the southeastern side of Bassit shear zone namely "Eclipse South New Drill Target Zone" based on high anomalous Au (up to 1060 ppb) values recorded in soils.

- A detailed close spaced RAB drilling programme is planned to test the mineralised zones at shallow depths in and around the promising Kempton Vein and Eclipse South New Drill Target areas.

- The option to purchase the exploration licence has been extended for a further period of 6 months.

3. YARLOO WELL BASE METALS PROJECT

- In order to understand the stratigraphy and to test the VTEM anomalies, eight RAB holes were drilled at selected targets for a total depth of 367m.

These shallow drill holes have intersected granite/granodiorite basement rocks at 15m to 32m with few crystalline quartz-calcite veins. The assay results are not showing any halo effects and mineralisation at shallow depths.

Recently CSIRO has collected water samples in and around Yarloo Well during their second stage of hydrogeochemical survey. Further deeper drilling is planned dependent on the results of the survey.

4. ARGYLE SMOKE CREEK ALLUVIAL DIAMOND PROJECT

- The preparation for processing of diamondiferous gravels over 6,000 tonnes is in progress and expected to commence shortly.

To view the complete Venus Metals Corporation Quarterly Report, please click on the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-VMC-587292.pdf

Venus Metals Corporation Limited
T: +61-8-9321-7541
F: +61-8-9486-9587
WWW: www.venusmetals.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Alara Resources Limited (ASX:AUQ) Drilling Update - Khnaiguiyah Zinc-Copper Project, Saudi Arabia ]]> en72248 Y http://www.abnnewswire.net/press/en/72248/ Wed, 11 Apr 2012 18:03:56 GMT Australian-based minerals exploration and development company Alara Resources Limited (ASX:AUQ) ("Company") is pleased to report the results from an ongoing drilling programme at its Khnaiguiyah Zinc-Copper Project in Saudi Arabia.

The drilling results announced today confirm the possibility of significant additional mineralisation to the JORC Resource(1) announced on 21 February 2012 and represent a progressive update on the Company's 10,000m backlog of additional drilling conducted since the drilling cut-off date of 22 November 2011 for the JORC Resource estimation from the Khnaiguiyah Zinc-Copper Project in Saudi Arabia.

Alara is pleased to announce the drilling results covering a total of 27 holes including an additional 15 holes from Zone 2 and a second batch of results from Zone 1 comprising 12 holes. These results are outside the resource area and confirm additional mineralisation by Zone 1 and Zone 2 (North extension).

Drilling is continuing in Zones 1 and 2 to explore mineralised extensions the results of which will be announced in the following months.
DRILLING HIGHLIGHTS

ZONE 1:
- Hole K1RC11_188      from 27-34m:           7m at 8.32% Zn; 0.21% Cu

- Hole K1RC11_189      from 27-32m:           5m at 7.7% Zn; 0.15% Cu
                        and 40-44m:           4m at 13.21% Zn; 0.15% Cu

- Hole K1DD11_190      from 19-26m:           7m at 9.02% Zn; 0.38% Cu

- Hole K1DD11_193      from 62-67m:           5m at 7.69% Zn; 0.57% Cu

ZONE 2:

- Hole K2DD11_159      from 50-62m:           12m at 7.18% Zn; 0.11% Cu

- Hole K2DD11_167      from 159.45-168m:      8.55m at 7.65% Zn; 0.08% Cu

- Hole K2DD11_157      from 23-26m:           3m at 5.69% Zn; 0.15% Cu

ZONE 2 (Copper Rich Zone):

- Hole K2DD11_158      from 105-115m:         10m at 0.59% Cu

- Hole K2DD11_161      from 132-148m:         16m at 1.31% Cu
                       including 138-143m:    5m at 2.5% Cu

- Hole K2DD11_162      from 150-167m:         17m at 0.51% Cu

- Hole K2RC11_160      from 177-184m:         7m at 1.4% Cu
                       including 181-183m:    2m at 3.32% Cu
*(1) The measured, indicated and inferred JORC Code compliant resource at Khnaiguiyah (21-Feb-12) comprises 26.4Mt at 3.9% Zn and 7.0Mt at 0.8% Cu for 1,035,948 t Zn (2,284m lbs) and 56,376 t Cu (124m lbs) respectively.

The results of Zone 1 continue to confirm mineralisation at shallow depths and similar in grade as that in Zones 2 and 3.

In Zone 2, holes K2DD11_167 and K2DD11_168 drilled confirms extension of mineralisation outside current resource area in North East direction. Mineralisation is open in North East direction.

A complete tabulation of intersection results along with maps indicating the location of these holes in Zones 1 and 2 are attached (refer Figure 1 and Table 1 for Zone 1 and refer Figure 2 and Table 2 for Zone 2).

It is noted that drill intercepts are reported as drilled; true thicknesses will be calculated at the interpretation and resource modelling stage. The drill intersections are almost perpendicular to mineralisation and no significant difference is expected in true and intersection thickness.

Alara Resources' Managing Director, Shanker Madan, said: "These latest results confirm the additional mineralisation within Zones 1 and 2 and give us further confidence surrounding the potential feasibility and scale of the Khnaiguiyah Zinc-Copper Project."

DRILLING STATUS

The Company is continuing the infill and step-out drilling to extend mineralisation in Zone 1 and other Zones with a view to identifying additional mineralisation prior to the completion of the Khnaiguiyah DFS in Q2 2012. Since the commencement of the Khnaiguiyah Zinc-Copper Project drilling programme, Alara has completed a total of 260 holes to 33,078 metres.

To view the complete Alara Resources announcement including Tables & Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/72248-ASX-AUQ-20120411.pdf

Shanker Madan
Managing Director
Alara Resources Limited
T: +61-8-9214-9787
F: +61-8-9322-1515
E: smadan@alararesources.com
http://www.alararesources.com

David Loch
Unicus
T: +61-3-9654-8300
M: +61-411-144-787
E: david@unicusgroup.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Australian Resources Go To New York - Casimir Capital's 2nd Australian Resources Conference ]]> en72001 Y http://www.abnnewswire.net/press/en/72001/ Sun, 18 Mar 2012 09:27:49 GMT Casimir Capital, a leading investment bank specializing in natural resources, has announced the 2nd Annual Casimir Capital Global Australian Mining Conference, which will take place on March 26th at the Waldorf Astoria Hotel in New York City. "Building on last year's resounding success, this event will connect 30 premier Australian mining companies with the most highly regarded natural resources investors in the world," said Richard F. Sands, President and CEO of Casimir Capital. "In addition to the general session and corporate presentations, a major focus of the conference will be facilitating hundreds of one-on-one meeting opportunities between presenting companies and institutional investors."

Founded over a decade ago, Casimir Capital has established itself as a major global participant in the mining and energy industries. Casimir Capital is headquartered in the United States and has affiliates and personnel in Canada, Brazil, Australia and the United Kingdom.

Attending Companies:
Alacer Gold (ASX:AQG) (TSE:ASR)
Allied Gold Mining (ASX:ALD) (TSE:ALD) (LON:ALD)
Azimuth Resources (ASX:AZH)
Beadell Resources (ASX:BDR)
Blackthorn Resources (ASX:BTR)
Centaurus Metals (ASX:CTM)
Cluff Gold (TSE:CFG) (LON:CLF)
Cokal (ASX:CKA)
Coventry Resources (ASX:CVY)
Crusader Resources (ASX:CAS)
Doray Minerals (ASX:DRM)
Dragon Mining (ASX:DRA)
Encounter Resources (ASX:ENR)
Highlands Pacific (ASX:HIG)
Kagara (ASX:KZL)
Kingsrose Mining (ASX:KRM)
Lemur Resources (ASX:LMR)
MacPhersons Reward Gold (ASX:MRP)
Marengo Mining (ASX:MGO) (TSE:MRN)
Metals X (ASX:MLX)
Panoramic Resources (ASX:PAN)
Ramelius Resources (ASX:RMS)
Red 5 (ASX:RED)
Robust Resources (ASX:ROL)
Saracen Minerals Holdings (ASX:SAR)
Silver Lake Resources (ASX:SLR)
St. Barbara (ASX:SBM)
Westgold Resources (ASX:WGR)

Additional conference information can be found at:
http://www.casimirconference.com

For more information on Casimir Capital (member FINRA, SIPC, MSRB), please visit www.casimircapital.com.

546 Fifth Avenue
Fifth Floor
New York, NY 10036
 
Phone: 888-744-1922
Phone: 212-798-1300
Fax: 212-798-1399
 
E-mail: info@casimircapital.com

]]> newsroom@abnnewswire.net <![CDATA[ Celamin Holdings NL (ASX:CNL) Kef Rebiba Trench Assays Confirm Prospectivity ]]> en71859 Y http://www.abnnewswire.net/press/en/71859/ Fri, 2 Mar 2012 08:59:00 GMT Celamin Ltd (ASX:CNL) in conjunction with Joint Venture partner Tunisian Mining Services SARL (TMS)) have completed two trenches at Kef Rebiba on the Bir El Afou Exploration Permit (EP) in Northern Tunisia. The permit is jointly held with TMS.
This is the first work by Celamin TMS on this part of the Bir El Afou (BEA) permit area. The location of these trenches and the results for the two trenches are summarised in the full announcement. (See Link Below)

As can be seen from the assays there are three phosphate horizons at Kef Rebiba. The phosphate layers are separated by 0.3 to 1.3metre thick beds compact marl with silexite (silica nodules) and limestone that grade less that 5% of less P2O5. The upper part of each layer generally has the highest grade. It might be possible to upgrade the phosphate rock prior to treatment by simple screening. This will be tested are part of a future metallurgical program for material from Kef Rebiba.

The Kef Rebiba plateau is structurally very different from the other prospects within the BEA project area. Kef Rebiba is essentially a flat mesa with the phosphate rich horizon exposed on three sides. In this regard it is similar to the Gassaa Kebira prospect at Chaketma. Most of the other prospects at BEA are monoclines with the phosphate exposed on only one face. Kef Rebiba was mined for a brief period prior to 1940. However, experience at Gafsa (centre of Tunisian phosphate production) shows that only 30% of the available ore could be extracted by the room and pillar stoping method used at that time.

The standard of trenching is high; the trenches are dug perpendicular to stratigraphy and sampling to geological boundaries is carried out along channels cut uniformly with an angle-grinder. The position of each sample is determined by hand-held GPS. Sample locations are marked with spray paint for later pick up by a surveyor.

Celamin is yet to compile historic data for Kef Rebiba. However, comparisons between historic and new results at Chaketma confirm the accuracy of the historic assay techniques.

PROJECT DESCRIPTION

The BEA phosphate project area was granted to Celamin and TMS on the 16 February 2010. It is one of only two privately held concessions for phosphate in North Africa, the other being Chaketma which is also held jointly by Celamin and TMS. All other phosphate deposits are reserved for state controlled enterprises. Celamin has agreed to a 50% Tunisian interest in each project at the time of development. Under the terms of the agreement Celamin will fund of 95% of the Pre-Feasibility Study (PFS) costs and 70% of the Feasibility Study (FS) costs of the first development project. All costs thereafter will be according to percentage participation in the project or projects.

Bir El Afou is located in northern Tunisian Eocene sedimentary basins that were uplifted and structurally deformed post-deposition. BEA typically has three phosphate units, which are separated by internal waste. The top most unit is usually a phos-arenite with coarse grained coprolite.

Celamin TMS initially focused on BEA. Between work commencing in December 2010 and August 2011, Celamin and TMS have completed 5,360m of diamond core drilling (66 holes), and 229m of trenching & pitting (17 openings).

The Pre-Feasibility Study on BEA showed:

- Maiden Inferred Resource of 29Mt at 11.1% P2O5 at 7.5% P2O5 cutoff grade;
- High grade 30% P2O5 phosphate rock concentrate achievable at 150 micron grind;
- Additional exploration targets with potential for 115 to 175 million tonnes phosphate exist at Kef Rebiba, Bea El Afou Blocks D, E, F and Majuoba;
- Good potential to increase grade, tonnage and improve mining factors during further Delineation Phase;
- Project enjoys significant advantages with large identified Target Potential situated in a favorable geographical location and geopolitical jurisdiction;
- no 'fatal-flaws' to development potential targeting 1.5Mtpa phosphate rock production for export sales ;
- Access to existing well located infrastructure and services;
- Encouraging investment terms (5-year tax holiday);
- A well educated local community with job creation as a strong social imperative.
- The major findings of the BEA PFS are applicable to the Chaketma Project, which has similar geology, mining, processing and infrastructure requirements;
- BEA and Chaketma Projects could share process and infrastructure facilities reducing capital cost;

Please view full announcement for all tables, charts and diagrams at:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-370244.pdf

Celamin Holdings NL
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: celaminnl.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Celamin Holdings NL (ASX:CNL) Appointment of Mr. Martin Broome as a Non-Executive Independent Director ]]> en71735 Y http://www.abnnewswire.net/press/en/71735/ Wed, 22 Feb 2012 12:33:00 GMT The Board of Celamin Holdings NL (ASX:CNL) is pleased to announce the appointment of Mr. Martin Broome as a Non-Executive Independent Director to the Board of Directors. This appointment will take immediate effect as at 22 February 2012.

Mr. Martin Broome B.Sc(Hons) Geology, M.Sc Engineering Rock Mechanics, Chartered Engineer, FIOM

Mr. Broome has more than 37 years of experience working in the minerals industry in Africa. Until 2010, Mr. Broome was Managing Director of African Mining Consultants ("AMC") having founded AMC in 1994. This followed a 20 year career with Zambian Consolidated Copper Mines Limited ("ZCCM") in the Zambian Copperbelt.

Mr. Broome, an MSc graduate in Engineering Rock Mechanics from Imperial College London, progressed to being the Group Rock Mechanic Engineer for ZCCM until 1989. Following this, Martin was involved in project management for the Baluba and Chambishi mining projects before initiating AMC where he has overseen open pit and underground rock mechanics design projects, feasibility studies for large and small scale open pit and underground mining projects; mine audits, due diligence and competent person's reports, mining methods, backfill and rock mechanics studies, government and parastatal mining, company privatizations, environmental auditing and project management.

Mr Broome has been a non-executive director of Barclays Bank of Zambia plc, since 2003 and has been Chairman of the Bank's Subsidiary Audit Committee since 2009.
Managing Director, David Regan said he was delighted that a Director with such Technical and Commercial experience as Mr. Broome's is joining the Board and that his role as an Independent Director will focus CNL on building its portfolio of assets into a business in North Africa for the benefit of all shareholders.
The Company also advises that Mr Justin Mouchacca has tendered his resignation as a Director effective 22 February 2012. The Company thanks him for his contribution during his tenure as Director.

Celamin Holdings NL
T: +61-3-9692-7222
F: +61-3-9529-8057
WWW: celaminnl.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Celamin Holdings NL (ASX:CNL) Trench Assays Confirm Historic Results on the Chaketma Exploration Permit in Tunisia ]]> en71639 Y http://www.abnnewswire.net/press/en/71639/ Mon, 13 Feb 2012 09:23:00 GMT Celamin Holdings NL (ASX:CNL) has received the following report from Celamin Ltd (CL);

As previously announced, Celamin Ltd has completed a trenching program at Gassaa Kebira on the Chaketma Exploration Permit (EP) in Northern Tunisia held and funded jointly with Tunisian Mining Services SARL (TMS).

Analytical results have been now been received for all five trenches. The location of these trenches is shown in Figure 1 (see link at the bottom of the release) and the results for five trenches are summarised in Table 1 (see link at the bottom of the release) together with the historic results. The detailed sample results for the trenches listed in Table 2 (see link at the bottom of the release). The Celamin/TMS results compare remarkably well with the historic results giving Celamin confidence that results from the earlier exploration can be accepted at face value.

DETAILS

Celamin/TMS have completed five trenches at the same locations as historic trenches at Gassaa Kebira on the Chaketma Exploration Permit (EP). The results are given in Table 1 (see link at the bottom of the release):

The standard of trenching is high; the trenches are dug perpendicular to stratigraphy and sampling to geological boundaries is carried out along channels cut uniformly with an angle-grinder. The position of each sample is determined by hand-held GPS. Sample locations are marked with spray paint for later pick up by a surveyor.

Celamin has compiled the available historic data for the Chaketma project area. However, results are only available for 9 of the 10 trenches within area of the EP (Figure 2 - see link at the bottom of the release). This early work demonstrates the tenor and continuity of the mineralised phosphate unit. The location of this earlier work is shown on Figure 2.

Exploration will now focus on Kef El Louz which has a surface area roughly 2 times the size of Gassaa Kebira. Only limited historic exploration in the form of trenching at four locations on the northern and eastern flanks, and recent mapping by Celamin/TMS has been completed at Kef El Louz. The mapping and detailed field observation suggests that Kef El Louz has a much lower overburden to ore ratio than Gassaa Kebira; 2:1 compared to between 4 and 8:1. A four to six hole reconnaissance drilling program is planned with the combined objectives of confirming the overburden thickness and the tenor of the underlying phosphate horizon (thickness and grade). Should the reconnaissance drilling prove to be successful it will be followed by staged resource definition drilling aimed at delineating sufficient resources to support a mining and milling operation initially for 10 years.

As previously reported in late 2011, Celamin/TMS drilled 12 HQ diamond core holes totaling 1,200 metres at Chaketma. Eleven of the 12 holes intersected potentially economic thicknesses. Empirically, there is a good correlation between the grades in drill holes at Gassaa Kebira and historic trench results.

PROJECT DESCRIPTION

The Chaketma project is located 210km south west of Tunis by road. The bulk of the phosphate is located at the base of a massive limestone unit close to the top of a high segmented plateau, which rises approximately 600m above the valley floor. This plateau extends for approximately 12 kilometres from north to south, and from 900 in 1,200 metres width. The average width of the ridge is 1,000 metres.

The plateau is divided in to distinct domains or prospects by a series of normal faults. Within the Celamin/TMS exploration permit these are from north to south: -

Gassaa Kebira - a basin like feature with an outer rim at 1100 to 1170 metres dipping to the west at 5 to 20 degrees;

Douar Ouled Hamouda - a slump or down faulted block at a height of 875 metres to the east of Gassaa Kebira;

Kef Sidi Ali Ben Oum Ezzine - a prominent pinnacle rising to 1307 metres;

Kef El Louz - a fault bound monocline which dips to the west at 10-15 degrees;

Gassaat Ez Zerbat - the southern most phosphate occurrence in the Chaketma tenement area.

The Chaketma permit area has been mapped in detail. The area is faulted into blocks and tilted plates bordered in some places by high cliffs. The phosphate unit has been identified at all the prospects and is continuous under the limestone overburden.

The limestone cap is from 0 to 153 metres thick in the vertical drill holes. The phosphate unit ranges in thickness from 9 metres to 39 metres with an average of around 15 metres. The strata are relatively flat lying, but have been folded in to a series of broad-open east-west orientated anticlines and synclines then block faulted.

No resource estimate has been made for Chaketma. Continuity of the mineralisation has been demonstrated both by detailed outcrop mapping and trenching and then confirmed by drilling.

Over burden thicknesses can be estimated from outcrop to a level of confidence not often encountered in exploration and estimates of exploration potential can also be made to a degree not found in other styles of mineral deposit.

CORPORATE

The current exploration program is partly funded by CNL pursuant to the terms of the Acquisition Agreement with Celamin Limited. CNL has advanced an additional $600,000 to Celamin Limited in accordance with this agreement.

SAMPLING AND ASSAYING PROCEDURES

Trenches are sampled after geological logging generally at 1-m intervals or to lithological boundaries. These samples were crushed and riffle split and 500g splits were sent to commercial laboratories for analysis.

The samples were then sent to Al Amri Laboratory in Jeddah Saudi Arabia for analysis for major oxides using XRF on fused "buttons".

For the complete Celamin Holdings announcement including tables and figures, please view the following link:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-369083.pdf

Celamin Holdings NL
T: +61-3-9692-7222
F: +61-3-9529-8057
http://celaminnl.com.au

]]> newsroom@abnnewswire.net <![CDATA[ Cerro Resources (ASX:CJO) Announce Namiquipa Drilling Continues To Define Significant Silver/Lead/Zinc Mineralization Within Multiple Vein System - Mexico ]]> en71531 Y http://www.abnnewswire.net/press/en/71531/ Wed, 1 Feb 2012 11:06:24 GMT Cerro Resources NL (ASX:CJO) (CVE:CJO) is pleased to announce assay results for an additional eighteen drill core holes from the Namiquipa Silver Project, in Chihuahua state, Mexico.

60 holes have been completed for a total of 22,633m of core, with further assays pending. Drilling has resumed after the holiday break.

Highlights of the Princesa /Megan Vein system include

- NAM-047 6m @ 1,175g/t AgEq from 163m;
- including 1.4m @ 3,607g/t AgEq from 164.6m;
- NAM-036 12.5m @ 129g/t AgEq from 330.4m, with zinc values averaging 3%;
- NAM-039 2m @ 898g/t AgEq from 388m.

Core drilling has now intersected mineralization to vertical distances of 350m below the surface and continues to be open at depth. High grade mineralization intersected in NAM-047 correlates with mineralization intersected in NAM-018 and remains open at depth. Further drilling will test down dip and strike extensions.

Vein Systems

Core rigs operating at Namiquipa have continued to test the main vein systems at depth and along strike. To date the drilling confirms the system consists of multiple veins and strongly anomalous assays across the six main veins identified to date: Princesa, America, Mexico, Megan, Esmeralda and Antenna.

Eleven of the core holes currently being reported were drilled to test mineralization along the Princesa/Megan Vein system (NAM-033, NAM-034, NAM-036, NAM-037, NAM-039, NAM-043, NAM-047, NAM-049, NAM-052, NAM-057 and NAM-058: Figure 1 and Table 1). Assay results were also received for three drill holes designed to test surface geological features and potential mineralization along the Antenna system (NAM-040, NAM-041 and NAM-042: Figure 1 and Table 2). And results were received for holes drilled to test targets in the Northern Extension Area (NAM-022, NAM-025 and NAM-045: Figure 1 and Table 3), as well as results for two holes drilled to test the Southern Area (NAM-031 and NAM-042: Figure 1 and Table 4). Further assays are pending and will be reported as they become available.

The Princesa and Megan Veins

The historic La Venturosa Mine produced an estimated 14.4 million ounces of silver, 32,550 tonnes of lead and 43,530 tonnes of zinc from two prominent quartz/breccias vein systems; the America and Princesa, in a wider six-vein system.

The Princesa/Megan vein continues to be the principle target of Cerro Resources' exploration program, as the Princesa vein was only reported to have been mined to 100m below the surface and the down dip projection of the mineralization remains open at depth as well as along strike to the north and south. A simplified Long Section shown in Figure 2 summarizes the results of some of the recent assay results and the previously announced drill data.

NAM-033 and NAM-034 (Figure 3) were drilled below the previously reported NAM-008 (Press Release Aug 2011) which intersected an open stope at the target depth. NAM-033 also intersected an open stope at the projected target but still cut 0.49m with 409g/t AgEq comprised of 96g/t Ag, 2.5%Pb and 8.92%Zn from 213.2m to 213.7m. NAM-034 drilled at a steeper angle on the same drill platform as NAM-033 and intersected 133g/t AgEq over 7m from 257m to 264m with highs of 4% Pb and almost 14% Zn. NAM-034 was also successful in intersecting multiple silver, lead and zinc mineralization within a much larger zinc zone that broadly defines the Princesa system (Figure 3 and (Table 1).

NAM-036 was drilled as an infill hole between NAM-029 and the section containing drill holes NAM-008, NAM-033 and NAM-034 discussed above. The strong lead and zinc mineralization along with silver was also intersected in this drill hole, highlighted by 127g/t AgEq over 11.6m with 20g/t Ag, 1.13% Pb and 2.78% Zn from 243.3m to 255m (Table 2). Zinc values again clearly define this zone, containing highs to 18% Zn over 0.47m and 8.3% Zn over 1.15m. NAM-036 also intersected a deeper and broad zone consisting of 129g/t AgEq over 12.5m containing 10.9g/t Ag, 1.24% Pb and 3.06% Zn from 330.5m to 343m.

NAM-037 targeted down dip projections of the Princesa Vein intersecting 124g/t AgEq over 1.6m with 70g/t Ag and 0.63% Pb and 1.34% Zn from 339.3m to 341m.

NAM-039 was drilled below previously reported NAM-016 (Press Release October 25, 2011) and intersected a 13.3m drilled length of mineralization from 376.7m to 390m averaging 169g/t AgEq and included a 2m interval averaging 898g/t AgEq with silver to 305g/t Ag over 0.9m and also containing 19% Pb and 24% Zn (Table 1).

NAM-043 was drilled south of NAM-008 and north of NAM-016. This drill hole also intersected multiple zones of mineralization, highlighted by 102g/t AgEq over 12m from 343m to 354m, comprised of 13 g/t Ag, 1.95%Pb and 4.61% Zn.

NAM-047 drilled south of NAM-018 (Press Release October 25, 2011) successfully intersected significant broad zones of silver mineralization along the Princesa Vein system including 6m of 1,175g/t AgEq with 1.41m containing 3,540g/t Ag, 1.02% Pb and 1.43% Zn. A broader zone was intersected lower in the drill hole consisting of a drilled interval of 18.6m from 202m to 220.6m containing 127g/t AgEq (Table 1).

NAM-049 drilled approximately 130m south of NAM-047 (discussed above) intersected the Princesa Vein at approximately 80m to 107m and included a 5m interval containing 56g/t AgEq.

NAM-052 drilled below NAM-049 and was terminated because of strongly broken ground after intersecting a possible historic working. However, despite being stopped early the drill managed to intersect 26.8m averaging 61g/t AgEq from 156m to 182.8m.

NAM-057 was drilled below NAM-029 (Press Release October 25, 2011) and intersected both the Princesa Vein at approximately 231m to 234m with 545g/t AgEq comprised of 193g/t Ag, 2.84% Pb and 9.99% Zn. The drill hole also intersected the Megan Vein lower in the hole, consisting of a 27m interval averaging 167g/t AgEq (20g/t Ag, 1.34% Pb and 4.03% Zn).

NAM-058 drilled below NAM-002 (Press Release August 11, 2011) has results showing a 13m interval from 283m to 296m averaging 71g/t AgEq and a lower zone with 6m from 320m to 326m averaging 79AgEq.

Antenna Veins

Outside of the main zones of mineralization holes NAM-040, NAM-041 and NAM-042 were drilled to test geologic targets along the Antenna veins and the possible blind mineralization projected as splays off of the Princesa. NAM-040 failed to intersect anomalous silver, lead or zinc mineralization. NAM-041 however intersected a very broad zone of low grade zinc mineralization from a drilled depth of 400m to 586m with highs of 6.21% Zn from 585m to 586m. Despite the low grade silver values the mineralization in association with favourable geologic characteristics will require this area to be further evaluated.

Northern and Southern Extension Areas

Results have been partially received for several drills holes that targeted extensions of the northern and southern extensions to zones to the main mineralized zones of the Princesa Vein, America and Mexico Vein systems. Thus far only NAM-045 has returned multiple zones of silver, lead and zinc mineralization. Other assay results for drill holes completed in the area are pending.

2012 Program

Drilling recommenced on 20 January 2012 utilising 1 core rig on double shift. The assay results referred to above are being inputted to the continued remodelling of the project data to review and set drill location targets. The focus in early 2012 will be in and around the area marked on the long section (figure 2) and will follow strongly the significant silver discovered in hole NAM-047 as discussed above.

To view the complete Cerro Resources announcement, including Tables & Figures, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/71531-ASX-CJO-576601.pdf

Tony McDonald
Managing Director
+61-7-3252-0122
admin@cerroresources.com

Greg Germon
General Manager Investor Relations - Australia 
+61-2-9300-3341
greg@cerroresources.com

Ms. Gerri Paxton 
Manager Investor Relations - North America
+1-514-544-2696
gpaxton@cerroresources.com

Cerro Resources NL
http://www.cerroresources.com

]]> newsroom@abnnewswire.net <![CDATA[ Celamin Holdings NL (ASX:CNL) Quarterly Activities Report ]]> en71496 Y http://www.abnnewswire.net/press/en/71496/ Tue, 31 Jan 2012 14:10:00 GMT Celamin Holdings NL (ASX:CNL) is pleased to provide a quarterly report for the period ended 31 December 2011.

HIGHLIGHTS

Chaketma - Positive Exploration Results Reported

Drilling results include:

- CDHH-2011-003 : 24 metres at 19.8% P2O5 - CDHH-2011-008 : 23 metres at 21.6% P2O5
- CDHH-2011-002 : 20 metres at 21.2% P2O5

Historic trench results:

- T6 : 39 metres at 22.4% P2O5
- T9 : 27.5 metres at 21.8% P2O5
- T1 :18 metres at 20.8% P2O5
- Well located 210 Kilometres from Export port
- Access to existing well located infrastructure and services;
- Positive Government and Community support at all levels;
- Attractive investment terms (5-year tax holiday) also applicable to BEA

Bir El Afou (BEA)

- Maiden Inferred Resource of 29Mt at 11.1% P2O5 at 7.5% P2O5 cutoff grade;
- High grade 30% P2O5 phosphate rock concentrate achievable at 150 micron grind;

- Additional exploration targets potential for 115 to 175 million tonnes phosphate at Kef Rebiba, BEA Blocks D, E, F and Majuoba;

- Good potential to increase grade, tonnage and improve mining factors during Delineation Phase;

- The major findings of the BEA PFS are applicable to the Chaketma Project, which has similar geology, mining, processing and infrastructure requirements;

- Access to existing well located infrastructure and services;
- BEA and Chaketma Projects could share process and infrastructure facilities reducing capital cost

To view the complete Celamin Holdings Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-368518.pdf

Celamin Holdings NL
T: +61-3-9692-7222
F: +61-3-9529-8057
http://www.celaminnl.com.au

]]> newsroom@abnnewswire.net