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Article: AfriOre Limited Coal Update.
- Article from:
- Business Wire
- Article date:
- April 14, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO--(BUSINESS WIRE)--April 14, 1998--(VSE:AFO.)
- AfriOre Limited Focuses on Developing Near-term
Cash-flow
- Commences Drilling on Umgen Coal Project - First Four
Holes Completed
- Applies for Additional Properties in Priority Areas
Pursuant to AfriOre Limited's (AFO:V) on-going focus to develop a near-term cash flow asset, the Company is pleased to announce that the first phase of core drilling (four of the planned 11 holes) is complete on the Umgen Coal property in KwaZulu-Natal Province, South Africa.