high grade nickel-copper mineralisation confirmed

Perth Office:
Suite 22 Piccadilly Square 7 Aberdeen Street, Perth, W.A. 6000
Tel: (08) 9325 4899
Fax: (08) 9221 1341
HIGH GRADE NICKEL-COPPER MINERALISATION CONFIRMED AND EXTENDED
Giralia Resources NL today released an announcement in relation to exploration at the Daltons Joint
Venture Project. Haoma believes the results are very encouraging.
In the announcement Giralia advise as follows:
“ The first hole in a diamond drilling program, which commenced in December 2004 (hole
RDDN022), intersected nickel rich sulphide mineralisation at the basal contact of the
Daltons ultramafic approximately 300 metres below surface. The intersection comprised
predominantly disseminated sulphides, with a narrow basal layer of massive sulphides. The
massive sulphide layer returned an assay of 0.15 metres @ 5.82% nickel, 1.41% copper,
within a 0.5 metre zone grading 1.98% nickel and 0.97% copper. Platinum Group Element
(“PGE”) assay results are yet to be confirmed.
Hole RDDN022 is located approximately 75-100 metres west of the reported position of two
1970’s drill intersections of 0.9 metres @ 9.3% nickel, 3.6% copper, (within 3.5 metres @
2.55% nickel, 1.2% copper), and 0.7 metres @ 11.8% nickel, 3.1% copper, (within 3.7
metres @ 2.41% nickel, 0.61% copper).
Due to the low intersection angle with the steeply dipping basal contact in hole RDDN022,
the ½ NQ core sample submitted for assay comprised around 50% barren footwall sediment,
so the undiluted grade of the massive sulphide zone is believed to be at least double the
reported nickel grade (i.e. well in excess of 10% nickel). This is consistent with the two
1970’s intersections, which recorded grades of more than 20% nickel over narrow intervals
(i.e. hole KDDH5 reportedly returned 0.36 metres @ 22.5% nickel, 4.12% copper).
The Kingsway prospect at Daltons comprises a 400 metre long basal contact segment at the
irregular northern tip of the 5 kilometre long Daltons ultramafic body. Giralia / Haoma’s
450 square kilometre tenement holdings at Daltons include more than 150 strike kilometres
of lightly explored nickel prospective ultramafic rocks.
Drilling will resume later this week, initially targeting the untested area between RDDN022
and the 1970’s high grade nickel intersections. Completed holes have been cased for down
hole EM surveying as soon as possible, and an RC rig is being sourced to drill precollars
for several additional follow up holes.”
The Daltons Joint Venture area is located 150 kilometres south east of Port Hedland in the Pilbara
Region of Western Australia. Giralia Resources advised Haoma in November 2004 that it had
completed exploration expenditure of $375,000 to earn a 50.1% interest in the Joint Venture and
that it had elected to sole fund a further $250,000 in order to increase its Joint Venture interest to
75% prior to November 2007.