Kalahari Resources Inc.
TSX VENTURE : KLA

Kalahari Resources Inc.

November 17, 2010 09:02 ET

Kalahari Resources Intersects 22.79 g/t Gold Over 2.85 Meters at Lamaque Project in Val d'Or, Quebec

- ALL ELEVEN HOLES DRILLED ON THE FORESTEL ZONE INTERSECTED SIGNIFICANT GOLD MINERALIZATION

- PARALLEL ZONE & 10 VEIN ZONES WERE ALSO DRILLED TESTED WITH 18 DRILL HOLES TOTALING 4891 METERS, RESULTS PENDING

- BOTH THE FORESTEL AND PARALLEL VEIN ZONES WILL BE ADDED TO UPCOMING 43-101 COMPLIANT RESOURCE CALCULATION

- HISTORIC DRILL CORE LOGGING AND SAMPLING IS IN PROGRESS: 771 OF 1279 METERS OF HISTORIC CORE SAMPLING HAS BEEN COMPLETED SO FAR

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) - KALAHARI RESOURCES INC. (TSX VENTURE:KLA) (The "Company") is pleased to announce results from recent drilling at the Forestel Zone at its Lamaque Property, located in the prolific Val-d'Or gold camp of Quebec. Results from drilling at the Parallel and No. 10 vein zones are expected to be announced shortly.

To view a map of the Lamaque property click on the following link: http://media3.marketwire.com/docs/kla-map1.jpg

Significant intersections from the Forestel Zone include:

  • FOR 10-01: 2.17 g/t gold over 14 meters
  • FOR 10-02: 22.79 g/t gold over 2.85 meters
  • FOR 10-08: 14.57 g/t gold over 1.26 meters
  • FOR 10-09: 31.18 g/t gold over 1.4 meters
  • FOR 10-10: 23.89 g/t gold over 1.03 meters and 23.185 g/t gold over 2 meters
  • FOR 10-11: 13.34 g/t gold over 3.23 meters

To view a complete drill table from the recent program click on the following link: http://www.kalahari-resources.com/s/Lamaque_Property.asp?ReportID=999999999,425160&ReportIDRef=KSKYTB1TNBW2

FORESTEL ZONE

The Company drilled eleven (11) drill holes on the Forestel zone for the total of 3,428m in 2010 and all of the holes drilled on the Forestel zone has returned ore-grade intercepts. Please see the assay table below. The drilled holes covered an area of about 350m in strike length. The mineralization is open ended in all directions. The company plans on continuing drilling this zone to realized the resource potential in the Forestel Zone.

The mineralization at Forestel zone is hosted in gold bearing quartz-tourmaline veins The veins are sub vertical within east-west trending ductile shear zone typical of the Abitibi Greenstone Belt.

NO.10/ PARALLEL VEIN SYSTEM

No. 10 Vein is about 1150m West-Southwest of the Forestel Zone. The No. 10 Vein hosts an NI 43-101 (Watts, Griffis & McOuat, 2004) inferred mineral resource of 216,000 tons at 0.276 oz/t (uncut). The company drilled 18 drill holes on this zone for the total of 4,891m. The geological crew onsite is logging and sampling the holes drilled on this zone.

GEOLOGICAL SETTING

The property is underlain principally by steeply dipping east-west striking volcanic flows intruded by a variety of felsic to mafic plugs, dykes and sills. Because of their intimate spatial association with most of the known gold mineralization, the felsic to mafic intrusions, locally mostly granodiorite and sills that intrude the Val-d'Or Formation are of particular importance. The mineralized zones are mesothermal structurally controlled deposits, which are typical of the Abitibi Greenstone Belt and abundant in other Archean greenstone belts around the world.

The gold bearing quartz-tourmaline veins are late and cut all rock-types including irregular intrusive (diorite) bodies, which are affected by regional deformation and greenschist grade metamorphism. Two principal types of veins occur at the Lamaque Mine and on the property: subvertical and subhorizontal veins. The subvertical veins are occurring within steeply dipping east-west trending ductile shear zones where reverse subvertical displacements have taken place. The veins occupy openings created by irregularities during progressive moment within the shears. Subhorizontal veins occupy extensional fractures, which formed between ductile shear zones, preferentially in the more competent host rocks.

The significant zones of gold mineralization known on the Lamaque Property comprise various simple vein structures, vein complexes and stockwork zones. These include: No. 4 Plug; No. 5 Plug; No. 35 Shear; North Shear systems located north of the No. 5 Plug; Parallel Veins Zone (includes Vein No. 10); No. 1 vein in the No. 3 Mine area; No. 6 vein; Sixteen Zone; Forestel Zone and Triangle Zone.

QUALITY ASSURANCE - QUALITY CONTROL

The Lamaque project exploration is under the direct supervision of Alain Beauregard, P.Geol. a qualified person as designated by National Instrument 43-101 who has reviewed the technical content of this release. Thorough quality assurance and quality control program (QA/QC) protocol was utilized on the project including duplicate, blank and standard samples for all the holes. The core samples were submitted directly to Bourlamaque Labs in Val-d'Or for preparation and analysis. Analysis was conducted on 1 assay ton samples. Analysis of gold was by fire assay, with a gravimetric finish on samples exceeding 5 g/t gold. The gravimetric assay results were used for the reported composite intervals.

The Company also announces that it has received regulatory approval for the Shares for Debt with Albert Applegath, the shares have been issued and the debt has been extinguished.

THE LAMAQUE PROPERTY

The Lamaque property is immediately adjacent to both the Sigma and Lamaque mines, which together have produced approximately 9 million ounces of gold. The drilling campaign is a part of 43-101 compliant resource expansion at the property. The current gold inferred resource at Lamaque property is 375,375 gold ounces (1,238,308 tonne at 9.43 g/t gold). The gold resources are contained in two deposits named the No 4. Plug and No. 10 vein. The Forestel Zone, the No.6 vein, the No.1 vein in the No.3 Mine and the Triangle zone were not included in the 43-101 resource calculation. The company is planning on drilling these zones to realize the resource potential in of the entire Lamaque property. The current gold mineralized vein-system, indicated through drilling, is speared over an area that is 4,071m in strike length, 2900m wide and open to depth.

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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