BHR.L Regulatory News (BHR)

12 Dec 2006 07:02

Carnegie Minerals plc12 December 2006 12th December 2006 Carnegie Minerals Plc ("Carnegie" or the "Group") Senegal geophysical surveying and infill drilling update Carnegie, the Mineral Sands resources company with production interests in TheGambia and an exploration permit in adjoining Senegal is pleased to provideshareholders with an update on its geophysical testing and infill drilling inSenegal. Highlights: €5,614 line kilometres surveyed at 250 m line spacing in Senegal •Specialised data processing techniques used to identify surface and buried accumulations - numerous linear magnetic features identified for further exploration and drill testing •Correlations between magnetic features and radiometrics results •Drilling to test the new geophysical targets planned for 2007 •Infill drilling at the priority Niafarang prospect completed - samples being tested in Australia An airborne magnetic and radiometric survey of all of Carnegie's licence area inSenegal was carried out by the Australian geophysical survey company UTSGeophysics in late October with a total of 5,614 line kilometres surveyed at 250metre line spacing and 20 metre to 30 metre land clearance. This low-level highresolution survey was designed to detect typically weak magnetic anomaliesassociated with mineral sands deposits. Independent geophysical consultant Vector Research Pty Ltd, was commissioned toapply proprietary specialised data processing techniques (TargetMapTM) to themagnetic data which showed numerous linear magnetic features that providetargets for further exploration and drill testing in various parts of Carnegie'slicence area. There are some correlations between the magnetic features and theradiometrics results and the Company will carry out a drilling programme to testthe new geophysical targets in 2007. At the end of November, Carnegie's exploration team completed infill drilling atthe priority Niafarang prospect immediately south of the Gambian border. Thedensity of the drilling grid at the Niafarang dune was doubled to 200 metres by20 metres at 1 metre sampling interval which will allow the JORC compliantestimate of Indicated Resource category. The obtained drilling samples have beensent to independent Australian laboratories and the assaying results areexpected to be available during the first quarter 2007. Alan Hopkins, Managing Director of Carnegie Minerals plc said: "Having floated in August 2006, we have made significant progress in addingvalue to our Senegal acreage and on the schedule we set out at the time of theIPO. "Production capability in The Gambia is accelerating and our Senegal prospectsare improving by the day with all the hard work the team is dedicating to theproject." - Ends - For further information, call: Alan Hopkins, Managing Director, Carnegie Minerals Plc 020 7831 3113John Prior, Romil Patel Corporate Synergy Plc 020 7448 4414Billy Clegg/Edward Westropp, Financial Dynamics 020 7831 3113 This information is provided by RNS The company news service from the London Stock Exchange