Teknomining Plc
LSE : TEKP

March 01, 2011 02:00 ET

Update on Geophysical Survey Results

Teknomining Plc

Update on Geophysical Survey Results

Dublin 1st March 2011


The Directors of Teknomining Plc ("Teknomining" or "the Company") are pleased to provide the following
update with regard to current activities.

Teknomining PLC (PLUS-SX: TEKP), the Dublin-headquartered mining and exploration company announced on
7th January 2011 that it had secured a full operation licence over its second area of interest
(reference number 200806366) covering an area of 3.65 sq.km in Diyarbakir region, south eastern
Turkey. This followed the granting of a full operation licence over its first area of interest
(reference number 200800729) in July 2010. The term of the operation licence is for an initial period
of ten years (2020) with an automatic right to extend this operation period for a further period of at
least fifty years, subject to Governmental approval.

In accordance with the planned exploration programme set out on Admission to PLUS-quoted, Teknomining
has also now completed a Geophysical Ground Magnetic and Induced Polarisation (I.P) Survey ("the
Survey") in this operational licence area (reference number 200806366). Previous grab samples taken
from this area, independently analysed by OMAC laboratories indicated that high grade copper,
magnetite, chromium and low grades of rare minerals such as molybdenum, nickel, cobalt and titanium
were present.

The receipt of the operation licence over this significant area (reference number 200806366) in
conjunction with the results of the Geophysical Ground Magnetic and Induced Polarisation (I.P) surveys
carried out on this and the company's other licence area (reference number 200800729) enables the
company to move to a targeted drilling campaign which is expected to commence toward the end of the
first quarter of 2011.

Results of the Geophysical Ground Magnetic and I.P survey carried out on licence area reference number
200800729 were released on June 16th 2010 and on November 3rd 2010 respectively and copies of the full
reports are available on the Teknomining website.

The Geophysical Ground Magnetic and I.P survey on licence area (reference number 200806366) was
carried out over a number of months in late 2010 and was completed in January 2011 by CFT Engineering
Ltd. A full copy of the survey report is available under the company profile on the PLUS-quoted
website and on the company website.

A brief summary of the reports for licence area (reference number 200806366) are as follows:-

1) The Induced Polarisation (I.P) Survey contained seven I.P profiles, which were between 2,500 meters
and 1,400 meters long and had a spacing of 100 meters between each profile. The report confirms the
possible presence of massive sulphide type copper anomalies. The report states that for copper
exploration, Resistivity values should be low and IP values should be high. This is the case in all
seven I.P profiles taken.

 The potential sizes of deposits in two anomalies as highlighted on the report are set out below:-
     
    A) POSSIBLE EASTERN MASSIVE SULPHIDE ANOMALY ZONE
        
                350 m Long x 350 m Wide x 100 m Deep = 12,250,000 million M3
        

    B) POSSIBLE WESTERN MASSIVE SULPHIDE ANOMALY ZONE
        
                350 m Long x 400 m Wide x 100 m Deep = 14,000,000 million M3

     Total of possible Eastern and Western Anomalies = 26,250,000 million M3

   
   *Estimate at 1% grade of copper and copper @8.96 tonnes/M3 = 23.52 million tonnes copper.

   
   *Estimate at 2% grade of copper and copper @ 8.96 tonnes/M3 = 47.04 million tonnes copper.

2)  The Geophysical Ground Magnetic Survey indicated the presence of strong positive anomalies
indicative of magnetite's with significant potential reserves. The survey identified numerous
anomalies, four examples of which are given in the survey report and summarised as follows:-
     
     Deposit Number 1 = 250 M long x 100 M wide x 25 M deep = 625,000 M3 of potential ore body.
     
     Deposit Number 2 = 250 M long x 150 M wide x 25 M deep = 937,000 M3 of potential ore body.
     
     
     Deposit Number 3 = 100 M long x 200 M wide x 25 M deep = 500,000 M3 of potential ore body.
     
     
     Deposit Number 4 = 600 M long x 200 M wide x 25 M deep = 3,000,000 M3 of potential ore body.
     
     
     Total Deposit Number 1+2+3+4 = 5,062,000 M3 of potential ore body.
     
     
     5,062,000 M3 x 65% iron grade = 3,290,300 M3 iron
     
     3,290,300 M3 Iron @ 7.8 tonnes/M3 = 25,664,340 tonnes iron


The directors of the issuer accept responsibility for this announcement.


Contact Details
Teknomining Plc
Michael Holden, Managing Director
Mob. Ireland: +353 87 249 10 22
Mob. Turkey: +90 534 295 82 61
Email: Teknomining@gmail.com


About Teknomining Plc:

Teknomining Plc is incorporated in the Republic of Ireland and has a 99.9% owned subsidiary,
Teknomining Madencilik Insaat Turizm Ithalat Ihracat Sanayi Ve Ticaret Limited Sirketi ("Teknomining
Limited"), which is incorporated in Turkey (together "the Group"). The Group had initially secured two
exploration licences covering an area of c.10.9km.sq and currently has upgraded these to two full
operation licences. These licences grant the Company certain rights to explore for and exploit "4th
Group Minerals" as defined under Turkish mining law. The Group's main focus is in the identification
of iron-ore, non-metallic minerals such as copper, gold, aluminium and chromium deposits.

Teknomining Plc has opened up a corporate office in Diyarbakir, and in mid-2011 it intends to open up
offices in the Technology Park within the region's Dicle University Campus, which may grant major tax
advantages for the Company.


About Diyarbakir, Southeastern Turkey:

Historically one of the earliest mentions of copper was from the Diyarbakir region in south-eastern
Turkey hence the name, 'Diyarbakir'means 'area of copper' with Bakir being the direct translation for
copper. Diyarbakir consistently ranks as one of the most geologically prospective and pro-mining legal
jurisdictions in Turkey. Crucially the region surrounding the two operation licence areas is equipped
with excellent infrastructure, such as roads, water and electrical services allowing easy access to
the project.  Diyarbakir has a flight time of one and a half hours from Istanbul.

About CFT Engineering:

CFT Engineering (CFT Muhendislik Ltd sti) who carried out our Geophysical Magnetic Survey and Induced
Polarisation (I.P) is a Turkish company based in Ankara.  CFT Eng Ltd specializes in carrying out
Geophysical Surveying for leading mining companies using state of the art equipment operated by their
highly qualified specialists.    

Contact Information

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