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Mini-bulk Sample Program Planned on Tahera's Anuri Kimberlite - ICE Claims Returned to Tahera |
02/19/2003 |
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Download this Press Release
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Rockinghorse Property
Tahera is very pleased to announce Kennecott’s commitment to collect a mini-bulk sample (minimum 2.5 tonnes) of the Anuri kimberlite during the upcoming Spring 2003 exploration program.
The significantly diamondiferous Anuri kimberlite was discovered on the Rockinghorse property in 2001. Tahera is encouraged by both the diamond results reported to date (see press release dated August 22, 2002) and the size potential of the kimberlite.
Several unresolved kimberlite indicator mineral trains exist on the highly prospective Rockinghorse Property. In addition to the Anuri kimberlite mini-bulk sample program, further exploration in being planned.
Kennecott Canada Exploration Inc. (a member of the Rio Tinto group of companies) is the operator of the Rockinghorse Property joint venture. The joint venture agreement provides Kennecott with the option to earn a 25% interest after expenditures of $25,000,000, and a 62.5% interest in the property by funding all costs up to a mine development decision, before 2008. Further details regarding the 2003 exploration budget will be announced in due course.
ICE Claims
BHP Billiton has notified Tahera that it is withdrawing from the ICE Claims joint venture. Tahera will compile and review all available technical data from the property to determine the future work program. Tahera will entertain joint venture proposals from other parties with respect to the property.
Michael J. Michaud of SRK Consulting is Tahera’s qualified person for its exploration programs.
To find out more about Tahera Corporation (TSX: TAH), visit our website, www.tahera.com.
Tahera Corporation is a unique Canadian junior diamond company in that it has a positive feasibility study completed on an advanced stage diamond development project. Tahera is focused on developing its wholly-owned Jericho Diamond Project as CANADA’S NEXT, and NUNAVUT’S FIRST, DIAMOND MINE. Tahera has several other prospective diamond projects in Canada’s prolific Slave Craton, including the Rockinghorse Property joint venture, where the significantly diamondiferous Anuri kimberlite occurs. The common shares of the Company trade on the Toronto Stock Exchange under the symbol "TAH”.
For further information, please contact:
Grant Ewing, Vice President Investor Relations & Corporate Development
Tel: (416) 777-1998 Fax: (416) 777-1898 Toll free: (877) 777-2004
Email: investor@tahera.com
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