Ballarat Gold Share Discussion Threads

[latifs100] 21/1/2005 14:33

up 8% after todays rns... also trades in australia..

[latifs100] 21/1/2005 11:30

Highlights

* Development of the Ballarat East project on schedule.

* Commenced underground development in late November.

* Underground development is progressing to plan with a total advance of
149 metres at 31 December 2004.

* Significant high grade gold intersections at Ballarat East include:
6.0m @ 9.0g/t,
6.9m @ 8.2 g/t,
3.0m @ 8.6g/t,
4.3m @ 6.6g/t
10.0m @ 5.0g/t

* Diamond drilling continues to confirm the presence of gold
mineralisation where predicted by BGF's geological model.

* Tender documents for the main ventilation shaft were completed and
distributed to the preferred tenderers.

* Acquired Mining Licence MIN4847 (Ballarat South) which provides BGF
with access to the southern extension of the Ballarat East field.

CASH OF 21.2 MILL DOLLARS

BALLARAT EAST PROJECT DEVELOPMENT
All development work is on schedule with the current mine development plan.
Further details on the development are set out below.

Underground decline development

During the quarter an underground development contract to complete an extension
of the existing decline was awarded and commenced by Pybar Mining Services Pty
Ltd.

Pybar is currently engaged in other underground operations at Ridgeway, North
Parkes, Broken Hill, Olympic Dam, and Armidale. At these operations Pybar
undertake activities encompassing underground development, production drilling
and mine services.


anyone follow this one??