Caldera Resources Inc.

Caldera Resources Inc.

July 04, 2005 10:41 ET

Caldera Resources Inc.: Drill Program Continues At Ellendale East Project

SOUTH PERTH, WESTERN AUSTRALIA--(CCNMatthews - July 4, 2005) - Caldera Resources Inc. (TSX:CDR) is pleased to announce that the aircore drill program being carried out by Murchison Exploration Services, commenced on 28 June and is continuing to drill test magnetic targets selected from a detailed 25 meter airborne magnetic survey. The airborne magnetic survey which was flown in June 2005 was completed by UTS Geophysics of Perth, Western Australia.

As of 3 July the drill program had tested eight magnetic anomalies and it is expected that up to 4000 kg of drill sample will be sent to Perth for evaluation and laboratory work, which will include heavy mineral concentrates for indicator minerals and micro-diamond recovery. Diatech Services of Perth will carry out this assessment of the drill material.

Chris Reindler, CEO of Caldera visited the project area for three days and is extremely pleased with the rate of drilling and looks forward to the commencement of the laboratory work.

A further press release will be made upon completion of the drill program and when the first results are available.

Other Activities.

Caldera is engaged in diamond exploration in Australia through five projects. Two projects are located in the Pilbara region of northern Western Australia, one of which is joint ventured with Mr. Ronald Winston of Harry Winston Inc. The Company also has two projects located adjacent to the Ellendale Lamproite Field in the Kimberley region of Western Australia. Both of these projects are also joint ventured under separate arrangements with Mr. Ronald Winston. One project is located on the Yilgarn Craton of Western Australia which is joint ventured with SouthernEra Diamonds Inc. (SDM:TSX).

Caldera also has four base metal/gold projects in South Australia. One of these projects is the Mt. Carulina Project which is an Olympic Dam - style base metal/gold target.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Caldera, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially form those anticipated in such statements. Important factors that could cause actual results to differ materially from Caldera's expectations are exploration risks detailed herein and from time to time in the filings made by Caldera with securities regulations.


Suite 3100
40 King Street West
Toronto. Ontario. M5H 3Y2
Telephone: 416-865-6605
Facsimile: 416-865-6636


1 Charles Street
Suite 8
South Perth. Western Australia.
Telephone: 011-618-9367-7728
Facsimile: 011-618-9367-7705

Cusip: 1287D 105

Contact Information

  • Caldera Resources Inc.
    Chris Reindler
    011-618-9367-7705 (FAX)