AFO Afriore

RNS Number:5997S
AfriOre Limited
12 October 2005

PRELIMINARY STRUCTURAL INTERPRETATION REVEALS POTENTIAL FOR SHALLOWER THAN
ANTICIPATED PLATREEF MINERALIZATION AT THE AKANANI PLATINUM PROJECT

Road Town, Tortola, British Virgin Islands (October 12, 2005) - AfriOre Limited
(TSX/AIM: AFO) ("AfriOre") is pleased to report that a preliminary structural
interpretation has been carried out on the priority area in the south of its
Akanani platinum project, based on data from drilling and from the recently
completed aeromagnetic survey. The interpretation indicates that the dip of the
Platreef unit is considerably shallower than expected in the west of this
southern priority area.

Three drill holes, ZF11, ZF12 and ZF13 recently have intersected the hangingwall
of the Platreef unit at depths of 1,078 metres, 1,188 metres and 1,230 metres
respectively. ZF12 and ZF13 are both sited on the third line of drill holes,
which is approximately one kilometre west of the first line of holes, drilled
close to the eastern boundary of the project area. The depths of the Platreef
hangingwall intersections in these holes are considerably shallower than
previously estimated by management, based on the regional dip of 45degrees as
reported at the Platreef outcrop. These intersection depths confirm the trend of
a shallowing of the dips of Platreef unit in the west, which was first indicated
by drill holes, ZF9 and ZF10. East-west cross-sections compiled through all the
drill holes on each of the three southern drilling lines on the Akanani project
area, namely drilling line ZF1 - ZF9 - ZF12, drilling line ZF2 - ZF11 - ZF13,
and line ZF6 - ZF10 indicate a decrease in dip from the regional dip of 45
degreesat surface, to dips in the range of 10degrees-20degrees further west.

While the interpretation of the aeromagnetic data continues, it has so far
revealed consistent stratigraphic features within the project area and has
assisted in identifying the position of faults and later intrusives, which have
guided the structural interpretation and will assist in the ongoing drilling
program. This interpretation is being undertaken by Mr. Henri Lombard (B.Sc
Hons, Geology Pr. Sci. Nat.) and Ms Liana Spies (M.Sc.Geology Pr.Sci. Nat.) and
Mr. Louis Polome (M.Sc. Exploration Geophysics, Pr. Sci. Nat.) all of whom are
independent consultants.

The implications of shallower dip of the Platreef unit in the west of the
southern priority target area are very significant, particularly if the positive
drilling results received to date continue to be received from the on-going
drilling program.  The implications are as follows:

     *    The possibility of intersecting platinum group metal ("PGM")
          mineralization, and potentially a mineral resource in the Platreef 
          unit, at shallower depths than was previously projected is enhanced,

     *    The interpreted position of the Platreef 2000 metre depth contour line
          would be placed further west than originally projected. This would be 
          increase the extent of the area potentially underlain by PGM 
          mineralization which extends down to 2000 metres.

     *    The amount of drilling required to intersect the Platreef
          mineralization in each of the future down dip drill holes would be 
          reduced, thereby allowing for a reduction in overall drilling costs 
          and an acceleration of the exploration program, as currently planned.

Drill holes ZF 12 and 13 continue to drill through the Platreef, while the
interpretation of the structural and aeromagnetic data continues. The data from
the interpretation will permit the widths of the mineralized drill intersections
to be corrected for dip, which until now have been reported as uncorrected
intercept widths.

Platreef mineralization has been drilled by AfriOre over 6.5 kilometres of the
total of nine kilometre strike length along the eastern boundary of the Akanani
project area, where it abuts Anglo American Platinum Corporation's
Potgietersrust Platinum Mine mining licence area.  As a result of this
interpretation, and supported by the positive drill results recorded in this
area, increased focus will be directed towards defining a mineral resource in
the southern priority area of the Akanani project, initially on a drilling grid
of approximately 500 x 500 metres.

AfriOre's President and CEO, Mike van Aswegen is the qualified person overseeing
the exploration program.

About AfriOre

AfriOre is engaged in the acquisition, exploration and development of gold and
platinum exploration properties in Africa. It has gold exploration properties in
South Africa, Mali, Namibia and Kenya and the Akanani platinum group metals
properties in South Africa.

The company has 40,099,377 shares outstanding, 47,270,203 fully diluted shares
and cash of approximately CAD 8.4 million.

AfriOre is listed in Standard & Poor's Corporation Records and furnishes
information to the pursuant to rule 12g 3-2(b) under the Securities Exchange Act
of 1934.


For further information contact:

AfriOre Limited                                    Charles Stanley & Co
Stuart Comline                                     Dugald Carlean
T: +27 83 654 5449                                 T: +44(0) 20 7953 2485
Alan Friedman                                      Parkgreen Communications
T: +1 416 361 9636                                 Justine Howarth / Ana Ribeiro
E: friedman@taucapital.com                         T: +44 (0) 20 7493 3713
www.afriore.com

                                      -30-

This document may contain or refer to forward looking information based on
current expectations. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.

GM van Aswegen , SR Comline, T de Giacomo,  DL Kyle,  EA Meyer,  WE Newfield, 
ML Rosser


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCFGMMGNZGGKZM

Afriore (LSE:AFO)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Afriore (LSE:AFO)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024