Kalahari Resources Inc.
TSX VENTURE : KLA

Kalahari Resources Inc.

November 06, 2009 09:00 ET

Kalahari Resources Announces Drilling to Follow-Up on Past High-Grade Intersection of 236.57 g/t Gold Over 0.88 Meters

- PROPERTY ADJACENT TO TWO PAST PRODUCING MINES, SIGMA AND LAMAQUE, WHICH PRODUCED OVER 9 MILLION OUNCES OF GOLD, PRIMARILY FROM NARROW, HIGH-GRADE VEINS ASSOCIATED WITH DIORITIC 'PLUGS' - TOP PRIORITY TARGET FOR DRILLING - EXTENSION OF TRIANGLE ZONE PLUG ON CLAIM OPTIONED IN SEPTEMBER 2009 - THE GEOPHYSICAL SIGNATURE OF THE TRIANGULAR ZONE BELIEVED TO DEFINE A DIORITIC PLUG IS LARGER THAN THE GEOPHYSICAL SIGNATURE THAT IS ASSOCIATED WITH THE MAIN PLUG AT THE PAST PRODUCING LAMAQUE MINE TO THE IMMEDIATE NORTH OF THE PROPERTY. OVER 3.6 MILLION OUNCES WAS PRODUCED FROM THE MAIN PLUG, REPRESENTING THE MAJORITY OF THE LAMAQUE MINE'S 4.5 MILLION OUNCES. - PREVIOUS DRILLING ON THE TRIANGLE ZONE INTERSECTED 236.57 G/T GOLD OVER 0.88 METERS - FRAGMENTED OWNERSHIP OF PROPERTY HAS HINDERED PREVIOUS EXPLORATION EFFORTS, AGREEMENTS HAVE NOW BEEN SIGNED (NEWS RELEASE OCTOBER 30, 2009, PENDING SHAREHOLDER AND REGULATORY APPROVAL) TO CONSOLIDATE ENTIRE PROPERTY UNDER KALAHARI

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - Kalahari Resources Inc. (TSX VENTURE:KLA) (the "Company") is pleased to announce it is scheduled to commence a 2000 m diamond drilling on its Lamaque Property in Val-d'Or, Quebec later this month. The property is adjacent to the Lamaque and Sigma Mines, which collectively produced over 9.5 million ounces of gold, located within the prolific Abitibi Greenstone Belt north of the Cadillac Break.

Drilling will test the extension of the triangle magnetic anomaly, located on the Roc d'Or east extension, where the T-8 geophysical target has been delineated. This target is approximately 3 times larger than the T-5 geophysical signature at the no. 4 plug, 800 m to the north where the majority of the Company's current resource has been defined. Past drilling at the Triangle Zone , or T-8 target, on the western limit of the anomaly, returned from drill hole TM-06-01: 6.51 g/t over 6.71 m from 82.72 to 89.43 m and 236.57 g/t over 0.88 meters from 294.65 m to 295.53 m.

"The recent acquisition of the Triangle Zone as well as the signing of agreements for consolidation of the remaining 2768 acres in the Lamaque project is a major milestone for the Company, especially given the current condition of the precious metals market. We are now able to focus on the upcoming drill program, specifically on the Triangle Zone, which geophysical work and previous drilling have confirmed has characteristics similar to other dioritic plugs in the area," comments Company Chairman, Richard Hughes. "Past production from adjacent mines speak to the potential of these plugs and the associated gold mineralization found in veins or 'flats' associated with them. The 2006 high-grade intersection Kalahari drilled was a few meters away from the boundary of the recently optioned claim, setting the stage for the upcoming drill program. Drilling will focus on defining the extent of the plug and testing for any associated gold mineralization."

To view a map of the Lamaque property, please click on the following link or cut and paste the link into your web browser: http://media3.marketwire.com/docs/KLA_Plugs_and_Signatures1.pdf

Further to our news release of October 30, 2009, we note that for the purposes of the Kalahari/Golden Pond & Kalahari/Tundra transactions, Richard Hughes is not an arms-length director.

About the Lamaque Property

Kalahari has negotiated the right to 100% ownership of the 3,074 acre Lamaque property. The property is located in the Abitibi Greenstone Belt, one km north of the "Cadillac Break" and immediately south of the Lamaque and Sigma mines. The Lamaque mine on the northern boundary of the property produced 3.4 million ounces of gold over its lifetime primarily from the 'Main' plug, a geological feature similar to the no. 4 Plug located on the property. The No. 4 Plug and another zone known as the No 10 Vein collectively have an inferred mineral resource of 1,365,000 tons grading 0.186 opt gold (cut) or 0.275 opt gold (uncut) as audited and reclassified by Watts, Griffis & McOuat's NI 43-101 Technical Report, dated September 2004 (see Sedar October 20, 2004 for details of report). Since the Company acquired the Lamaque property in 2003 over $4.5 million has been spent on exploration expenditures. There are a number of other priority gold targets that the Company plans to test during this program many of which have never been drilled.

The Company

In addition to the Lamaque Property, Kalahari Resources holds a 50% interest in diamond properties in the Chapleau-Wawa district of Ontario, with the balance held by partner Chalice Diamond Corp.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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