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GGG Ggg Resources

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Share Name Share Symbol Market Type Share ISIN Share Description
Ggg Resources LSE:GGG London Ordinary Share GB00B4KDJB03 ORD 2P
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Bullabulling - Resource Drilling Update (0017Q)

12/10/2011 7:00am

UK Regulatory


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RNS Number : 0017Q

GGG Resources PLC

12 October 2011

GGG Resources plc ("GGG") and Auzex Resources Limited ("Auzex")

BULLABULLING GOLD PROJECT - RESOURCE DRILLING UPDATE

Highlights:

-- Phase Two infill drill programme is progressing well

-- 136 drill holes totalling 24,212 m completed in July, August and September 2011

-- Total production for the Phase Two programme to date is 46,411m in 261 holes

-- A total of 82,667m of drilling in 507 drill holes have been completed since project acquisition in 2010.

-- Drilling results continue to reconcile well with recent new resource model and include new high grade intersections, such as:

 
        High Grade                High Grade                 High Grade 
    Intersections 0 -         Intersections 101 -        Intersections 150+m 
           100m                      150m 
------------------------  -------------------------  ------------------------- 
  1m @ 10.4 g/t Au from     5m @ 8.75 g/t Au from 
   54m in BJ0267             133m in BJ0349 
------------------------  -------------------------  ------------------------- 
  6m @ 2.1 g/t Au from      4m @ 2.92 g/t Au from      6m @ 2.72 g/t Au from 
   53m in BJ0476             135m in BJ0455             160m in BJ0626 
------------------------  -------------------------  ------------------------- 
  6m @ 2.03 g/t Au from                                3m @ 6.7 g/t Au from 
   65m in BJ0534                                        152m in BJ0682 
------------------------  -------------------------  ------------------------- 
  2m @ 8.71 g/t Au from     4m @ 3.75 g/t Au from      1m @ 9.66 g/t Au from 
   100m in BJ0939            116m in BJ1269             161m in BJ1216 
------------------------  -------------------------  ------------------------- 
  1m @ 6.12 g/t Au from     3m @ 6.96 g/t Au from 
   38m in BJ1378             102m in BJ1378 
------------------------  -------------------------  ------------------------- 
  4m @ 2.14 g/t Au from 
   70m in BJ1378 
------------------------  -------------------------  ------------------------- 
  3m @ 3.06 g/t Au from 
   92m in BJ1378 
------------------------  -------------------------  ------------------------- 
  3m @ 2.32 g/t Au from     5m @ 8.05 g/t Au from      4m @ 2.72 g/t Au from 
   61m in BJ1984             120m in BJ1958             189m in BJ1844 
------------------------  -------------------------  ------------------------- 
  15m @ 2.13 g/t Au from    10m @ 2.53 g/t Au from 
   33m in BJ2011             149m in BJ2011 
------------------------  -------------------------  ------------------------- 
  2m @ 4.14 g/t Au from 
   92m in BJ2027 
------------------------  -------------------------  ------------------------- 
  1m @ 9.75 g/t Au from     8m @ 1.96 g/t Au from      7m @ 2.51 g/t Au from 
   60m in BJ2052             143m in BJ2067             180m in BJ2064 
------------------------  -------------------------  ------------------------- 
  3m @ 3.86 g/t Au from     8m @ 2.51 g/t Au from      2m @ 9.04 g/t Au from 
   94m in BJ2082             117m in BJ2082             191m in BJ2073 
------------------------  -------------------------  ------------------------- 
  1m @ 22.3 g/t Au from     4m @ 2.36 g/t Au from      3m @ 6.83 g/t Au from 
   1m in BJ2197              117m in BJ2280             157m in BJ2304 
------------------------  -------------------------  ------------------------- 
 

-- Commenced a detailed magnetic survey to develop a 3D geological model for targeting deep mineralisation.

Resource drilling programme update

The Phase Two RC resource drilling programme, which commenced in mid-May 2011, is progressing well. There are currently three drill rigs working on the Phase Two programme which is infilling the historic drilling between the Phoenix and Hobbit pits to increase the confidence in the current resource base. Exploration drilling is also underway, including exploration targets to the south of the main Bullabulling Trend such as Sphinx, Edwards, Medusa, Gryphon, Kraken and Minotaur where previous shallow RAB (percussion) drilling has intersected widespread gold mineralisation (Figure 1).

Phase Two resource drilling programme results - to establish sufficient reserves for an initial ten-year mine life

A key aim of the Phase Two resource drilling programme is to infill the current and historic drilling to a drill spacing that allows the Inferred resources in the resource estimate (announced 15 August 2011) to be reclassified to an Indicated resource category, which in turn will enable initial JORC compliant reserves to be established for the project. The current reported JORC compliant mineral resource is 78,836,000 tonnes at 1.03 g/t Au (2.60 million ounces contained gold) at a 0.5 g/t Au cut off.

Phase Two drilling started on May 14. Since the last announcement reporting results to July 15, there has been a total of 24,212 metres drilled in 136 holes (Table 1). Total drilling for the Phase Two programme is 46,411m in 261 holes and drilling since the JV started work on the project is 82,667m from 507 holes. Drill work during the reporting period focussed on infill drilling of the areas between the Hobbit, Dickson and Bonecrusher pits and exploration drilling to the south of Bacchus between Edwards and Minotaur (Figure 1).

Assays from the infill drilling continue to confirm the resource estimate and geological model (Table 2) and of the 136 holes with assays returned only three have not intersected mineralisation.

Better intersections from the Phase Two drilling include:

1m @ 10.4 g/t Au from 54m in BJ0267,

5m @ 8.75 g/t Au from 133m in BJ0349,

12m @ 1.3 g/t Au from 90m in BJ0370,

22m @ 0.85 g/t Au from 42m in BJ0380,

6m @ 1.15 g/t Au from 127m in BJ0380,

6m @ 1.66 g/t Au from 80m in BJ0383 and 18m @ 0.93 g/t Au from 106m in BJ0383,

14m @ 1.11 g/t Au from 117m in BJ0443,

4m @ 2.92 g/t Au from 135m in BJ0455,

6m @ 2.1 g/t Au from 53m in BJ0476 and 14m @ 1.46 g/t Au from 70m in BJ0476,

6m @ 2.03 g/t Au from 65m in BJ0534,

24m @ 1.07 g/t Au from 156m in BJ0537,

10m @ 1.55 g/t Au from 145m in BJ0540,

8m @ 1.23 g/t Au from 119m in BJ0626 and 6m @ 2.72 g/t Au from 160m in BJ0626,

23m @ 1.14 g/t Au from 63m in BJ0661,

3m @ 6.7 g/t Au from 152m in BJ0682,

26m @ 0.67 g/t Au from 53m in BJ0696,

2m @ 8.71 g/t Au from 100m in BJ0939,

5m @ 1.16 g/t Au from 45m in BJ0975,

11m @ 1.16 g/t Au from 76m in BJ1154,

5m @ 1.12 g/t Au from 75m in BJ1214,

1m @ 9.66 g/t Au from 161m in BJ1216,

21m @ 0.64 g/t Au from 29m in BJ1269 and 4m @ 3.75 g/t Au from 116m in BJ1269,

6m @ 1.76 g/t Au from 32m in BJ1273,

5m @ 1.68 g/t Au from 130m in BJ1275,

In BJ1378 there are several intersections including 1m @ 6.12 g/t Au from 38m, 4m @ 2.14 g/t Au from 70m, 3m @ 3.06 g/t Au from 92m, 3m @ 6.96 g/t Au from 102m and 16m @ 1.07 g/t Au from 161m;

12m @ 1.26 g/t Au from 163m in BJ1379,

5m @ 1.73 g/t Au from 87m in BJ1483 and 5m @ 1.79 g/t Au from 104m in BJ1483,

4m @ 2.72 g/t Au from 189m in BJ1844,

5m @ 8.05 g/t Au from 120m in BJ1958,

3m @ 2.32 g/t Au from 61m in BJ1984,

BJ2011 also intersected 15m @ 2.13 g/t Au from 33m and 10m @ 2.53 g/t Au from 149m;

2m @ 4.14 g/t Au from 92m in BJ2027,

25m @ 0.73 g/t Au from 24m in BJ2035,

20m @ 0.61 g/t Au from 109m in BJ2037,

6m @ 1.42 g/t Au from 41m in BJ2039,

1m @ 9.75 g/t Au from 60m in BJ2052 and 5m @ 1.59 g/t Au from 141m in BJ2052,

7m @ 2.51 g/t Au from 180m in BJ2064,

8m @ 1.96 g/t Au from 143m in BJ2067,

24m @ 0.99 g/t Au from 148m in BJ2069 and 21m @ 0.75 g/t Au from 185m in BJ2069,

6m @ 1.82 g/t Au from 107m in BJ2073 and 2m @ 9.04 g/t Au from 191m in BJ2073,

15m @ 1.00 g/t Au from 133m in BJ2075,

25m @ 0.98 g/t Au from 156m in BJ2079 and 11m @ 1.38 g/t Au from 211m in BJ2079,

BJ2082 hit 17m @ 0.92 g/t Au from 38m, 3m @ 3.86 g/t Au from 94m and 8m @ 2.51 g/t Au from 117m;

30m @ 1.05 g/t Au from 157m in BJ2161,

1m @ 22.3 g/t Au from 1m in BJ2197,

4m @ 2.36 g/t Au from 117m in BJ2280,

6m @ 1.28 g/t Au from 127m in BJ2304 and 3m @ 6.83 g/t Au from 157m in BJ2304,

5m @ 1.14 g/t Au from 44m in BJ2334 and

8m @ 1.61 g/t Au from 128m in BJ2334.

As in the previously announced holes, there are generally at least 4 intersections per drill hole relating to the multiple stacked lodes defined by the structural mapping (Figure 2). Approximately 59% of the intersections to date are better than estimated by the model, 35% are similar to the model and only 6% are worse or missing as predicted by the new model developed by Snowden. New mineralisation continues to be intersected to the east of the Bacchus pit, which we expect to add to the total resource.

The total remaining infill drilling from Bacchus to Bonecrusher is about 25,000m, including approximately 9,000m of infill drilling remaining in the Titan-Phoenix area. Following a review of drill results at Bacchus East, the total number of metres has been increased to more effectively test the footwall lodes.

Near Surface Exploration Results

Preliminary scout exploration drilling has been completed between Edwards and Minotaur with low grade mineralisation intersected similar to that along the Bullabulling Trend. This mineralisation however appears to be less continuous and the holes drilled to date have not intersected the higher grade zones of mineralisation we have found from between Bacchus to Hobbit. Results indicate that mineralisation is confined to the upper contact of the main komatiite unit that has been mapped along the Bullabulling Trend and swings with the stratigraphy to the southeast (Figure 1). Assay results are patchy with better intersections of 11m at 1.16 g/t Au from 76m in BJ1154 from the Kraken prospect and 2m at 8.71 g/t Au from 100m in BJ0939from the Edwards prospect.

The lower contact of the ultramafic, which is mineralised in the main Bullabulling Trend, does not seem to have been effectively tested to determine whether deeper lodes occur in this position. A number of new holes are planned to test the full section of the ultramafic to cover both contacts on fence lines with a SW-NE orientation.

A review of the soil geochemistry database has been completed using historical soil data in combination with photo-mapping of regolith. It is clear that the historic drilling does not fully test significant areas of alluvial cover that are associated with low level gold soil anomalies to the south along the Bullabulling Trend within the newly granted Exploration Licences. Six regional scale targets have been identified that require follow up exploration drilling, which is planned to start immediately after the infill drilling is completed.

Potential for Deeper High Grade Mineralisation

Planning of the deep exploration programme continued. A review of the potential for using deep geophysical techniques to map the 3D geology at depth at Bullabulling has been completed. The detailed magnetic data acquisition will be carried out over the regional extent of the Bullabulling Trend (Figure 3) and is expected to commence at the end of October.

Bullabulling Overview

The Bullabulling Gold project (Bullabulling) is a large tonnage, low grade deposit with high grade shoots, associated with the regional Bullabulling shear zone which extends over tens of kilometres. The mineralised structure is 500m wide, consisting of multiple west dipping low grade stacked zones with narrower higher grade gold mineralisation. Bullabulling is located near Coolgardie and approximately 65km south-west of Kalgoorlie, Western Australia. Bullabulling has been previously mined producing 371,000 ounces of gold in the 1990s. The current programme focuses on the 6km portion of the shear zone known as the Bullabulling Trend where previous operations were concentrated. The focus for the Bullabulling joint venture (JV) is to establish an initial reserve exceeding one million ounces gold.

GGG Resources plc and Auzex Resources ltd are in the process of merging under Bullabulling Gold Limited.

Competent Person Statement

The information in this report that relates to Exploration Results, Mineral Resources and Ore Reserves is based on information compiled by Jeff Malaihollo PhD who is a full-time employee of the Company and Member of The Australasian Institute of Mining and Metallurgy and the Geological Society of London. He is qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

The latest August 2011 Mineral Resource estimate was completed under the overall supervision and direction of Richard Sulway of Snowden Mining Industry Consultants Pty Ltd. Richard Sulway is a member of the Australasian Institute of Mining and Metallurgy (MAusIMM) CP and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity to which he is undertaking to qualify as a competent person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves".

Maps and graphics ("Figures") referred to in this announcement are available on the version of this release available on the Company's website www.gggresources.com.

Further information, please contact:

 
  Dr. Jeffrey Malaihollo             David McArthur 
   MD, GGG Resources plc (UK)         GGG Resources plc (Australia) 
   Tel: + 44 1992 531820              BBG Management Pty Ltd 
   www.gggresources.com               41 Stirling Highway 
                                      Nedlands, WA 6009, Australia 
                                      Tel: + 61 8 9423 3200 
---------------------------------  -------------------------------- 
  Westhouse Securities Limited       Collins Stewart Europe Limited 
   (UK Nominated Adviser)             (Broker) 
   Tom Price / Martin Davison         John Prior / Adam Miller 
   Tel: + 44 20 7601 6100             Tel: + 44 20 7523 8350 
---------------------------------  -------------------------------- 
  Neil Boom                          David Brook 
   MD, Gresham PR Ltd (UK media).     Professional Public Relations 
   Tel: + 44 7866 805 108             (Australia media) 
   neil.boom@greshampr.co.uk          T: + 61 8 9388 0944/ +61 433 
                                      112 936 
                                      E: david.brook@ppr.com.au 
---------------------------------  -------------------------------- 
 

Table 1: Bullabulling Collar data for RC drilling completed between 15July and 30September 2011

 
  Prospect     Hole       Easting      Northing      RL        Dip    AZ    Date          Length    Comments 
-----------  ---------  -----------  ------------  --------  -----  ----  ------------  --------  ------------- 
  TI           BJ0045        299633       6566929       431    -60    85    13/09/2011        78    Mineralised 
  TI           BJ0173      299919.5       6566726    430.81    -60    90    20/09/2011        48    Pending 
  PH           BJ0196     299468.74    6567477.18    435.42    -60    90    20/08/2011        84    Mineralised 
  PH           BJ0258     299758.07    6567767.35    442.41    -60    90    22/08/2011       181    Pending 
  TI           BJ0261        299673       6566889       432    -60    90    05/08/2011       139    Mineralised 
  TI           BJ0267     299652.09     6566967.9    430.79    -60    90    09/08/2011       219    Mineralised 
  HB           BJ0342        300075       6568075       450    -60    90    19/09/2011        85    Pending 
  HB           BJ0361        300058       6568192       452    -60    90    11/09/2011       120    Mineralised 
  HB           BJ0363        299994       6568195       452    -58    90    17/09/2011       127    Pending 
  HB           BJ0370     299851.85    6568191.39    451.75    -60    90    21/08/2011       210    Mineralised 
  HB           BJ0371        299766       6568195       449    -60    90    12/09/2011       235    Pending 
  HB           BJ0381        299900       6568235       452    -60    90    01/09/2011       174    Pending 
  HB           BJ0384        299819       6568235       452    -60    90    19/09/2011       205    Pending 
  HB           BJ0398        299760       6568285       449    -58    90    11/09/2011       253    Mineralised 
  HB           BJ0402        299959       6568335       456    -55    90    30/09/2011        48    Pending 
  HB           BJ0404        299933       6568335       457    -58    90    03/09/2011       180    Pending 
  HB           BJ0405        299852       6568335       456    -60    90    06/09/2011       199    Mineralised 
  HB           BJ0406        299808       6568332       456    -60    90    10/09/2011       180    Mineralised 
  HB           BJ0407     299893.69    6568331.84    454.01    -60    90    17/07/2011       199    Mineralised 
  HB           BJ0416     299926.04    6568382.94    457.08    -60    90    18/07/2011       157    Mineralised 
  HB           BJ0443     299838.02    6568432.27    453.91    -60    90    18/07/2011       212    Mineralised 
  HB           BJ0449     299908.64    6568481.76    458.13    -60    90    20/07/2011       181    Mineralised 
  HB           BJ0452        299832       6568485       453    -58    90    31/08/2011       223    Mineralised 
  HB           BJ0455      299916.1    6568534.85    458.83    -60    90    25/08/2011       193    Mineralised 
  HB           BJ0456     299957.31    6568534.78    460.46    -60    90    20/07/2011       139    Mineralised 
  HB           BJ0461        299956       6568685       459    -60    90    03/09/2011       151    Pending 
  HB           BJ0466        299840       6568685       455    -60    90    03/09/2011       211    Pending 
  HB           BJ0467        299840       6568685       455    -60    90    06/09/2011       229    Mineralised 
  HB           BJ0472        300036       6568735       457    -60    90    22/09/2011       109    Pending 
  HB           BJ0473        299994       6568735       455    -60    90    28/09/2011       139    Pending 
  HB           BJ0477        299940       6568875       455    -60    90    07/09/2011       139    Pending 
  DK           BJ0505     299951.81    6569375.32    451.07    -60    90    16/07/2011       229    Mineralised 
  DK           BJ0534     300143.08    6569576.86    445.83    -60    90    27/07/2011       193    Mineralised 
  DK           BJ0537     299962.44       6569574    449.21    -60    90    18/07/2011       235    Mineralised 
  DK           BJ0540     299741.59    6569574.64    444.05    -60    90    19/07/2011       229    Mineralised 
  BC           BJ0626     299817.94    6570174.65    439.89    -60    90    28/07/2011       181    Mineralised 
  BC           BJ0656     299965.84    6570376.29    438.52    -60    90    24/07/2011       175    Mineralised 
  BC           BJ0661     299825.66    6570377.32    438.28    -60    90    22/07/2011       223    Mineralised 
  BC           BJ0682     299953.06    6570476.93    437.85    -60    90    31/07/2011       211    Mineralised 
  BC           BJ0687     299784.95    6570479.09    437.38    -60    90    02/08/2011       228    Mineralised 
  BC           BJ0696     299845.74    6570526.54    437.28    -60    90    30/07/2011       217    Mineralised 
  BC           BJ0765     300032.07       6570776     436.7    -60    90    03/08/2011       175    Mineralised 
  BC           BJ0862     300028.72    6571074.33    435.11    -60    90    04/08/2011        97    Mineralised 
  ED           BJ0939     299420.68    6565577.38     427.3    -60    90    25/07/2011       211    Mineralised 
  BE           BJ0943     299643.71    6565579.38    423.92    -60    90    23/07/2011       162    Mineralised 
  ED           BJ0975      299572.1    6565199.69    422.43    -60    90    22/07/2011       181    Mineralised 
                                                                                                    NOT 
  ED           BJ0994     299746.37    6564827.57    420.12    -60    90    30/07/2011       253    Mineralised 
  ED           BJ1011     299733.82    6564596.21    419.35    -60    90    26/07/2011       143    Mineralised 
  GY           BJ1049     299975.76    6564225.16    417.31    -60    90    01/08/2011       175    Mineralised 
  GY           BJ1056     300019.61    6564147.89    416.91    -60    90    02/08/2011       145    Mineralised 
  GY           BJ1062     300217.38    6564076.04    417.04    -60    90    05/08/2011       211    Mineralised 
  GY           BJ1066     300300.91    6564077.56    417.51    -60    90    03/08/2011       165    Mineralised 
  GY           BJ1101      300185.4    6563924.13    415.83    -60    90    10/08/2011       199    Mineralised 
  GY           BJ1107     300354.95    6563925.35    417.14    -60    90    08/08/2011       133    Mineralised 
  GY           BJ1111     300523.21    6563925.57    417.57    -60    90    07/08/2011       181    Pending 
  GY           BJ1138     300353.45    6563773.74    416.11    -60    90    11/08/2011       205    Mineralised 
  KR           BJ1154     300696.79    6563621.17     417.6    -60    90    12/08/2011       151    Mineralised 
  KR           BJ1175      300699.9    6563474.37    416.09    -60    90    13/08/2011       187    Mineralised 
                                                                                                    NOT 
  MT           BJ1206     300964.92    6563101.93    416.59    -60    90    14/08/2011       151    Mineralised 
                                                                                                    NOT 
  HB           BJ1214     299855.89    6567914.41    445.44    -60    90    09/08/2011       138    Mineralised 
  HB           BJ1216     299799.52    6567913.37     443.6    -62    90    10/08/2011       162    Mineralised 
  HB           BJ1218     299734.73    6567912.71    443.17    -63    90    11/08/2011       180    Pending 
  HB           BJ1219        299696      65679815       446    -63    90    19/09/2011       187    Pending 
  HB           BJ1223        299991       6567995       447    -60    90    20/09/2011        97    Pending 
  HB           BJ1225        299938       6567995       447    -60    90    20/09/2011       127    Pending 
  HB           BJ1227        299882       6567995       447    -61    90    21/09/2011       157    Pending 
  HB           BJ1231     299767.18    6567994.28    445.39    -60    90    13/08/2011       198    Mineralised 
  HB           BJ1249        299925       6568585       458    -57    90    28/08/2011       163    Mineralised 
  HB           BJ1253        300045       6568635       456    -60    90    29/09/2011       103    Pending 
  HB           BJ1254        300003       6568635       456    -60    90    29/09/2011       121    Pending 
  HB           BJ1255        299961       6568635       456    -60    90    01/09/2011       139    Mineralised 
  HB           BJ1256        299919       6568635       458    -60    90    01/09/2011       163    Mineralised 
  HB           BJ1257        299877       6568635       458    -60    90    01/09/2011       181    Mineralised 
  HB           BJ1275        299897    6568115.05    449.42    -60    90    17/08/2011       156    Mineralised 
  HB           BJ1294     299778.66    6568384.23     451.7    -60    90    21/07/2011       253    Mineralised 
  HB           BJ1295        299731       6568385       451    -60    90    30/08/2011       229    Pending 
  HB           BJ1303        299642       6567995       446    -60    90    10/09/2011       247    Pending 
  HB           BJ1349     299764.21     6568072.2    446.55    -60    90    15/08/2011       203    Mineralised 
  HB           BJ1353        299624       6568075       445    -60    90    21/09/2011       259    Pending 
  HB           BJ1377        299826       6568115       448    -60    90    22/09/2011       187    Pending 
  HB           BJ1379     299756.75     6568114.4     447.2    -60    90    19/08/2011       210    Mineralised 
  HB           BJ1401        299813       6568585       455    -60    90    29/08/2011       223    Mineralised 
  HB           BJ1585        299782       6568235       451    -60    90    31/08/2011       234    Mineralised 
  HB           BJ1844        299780       6568435       454    -60    90    24/08/2011       247    Mineralised 
  HB           BJ1845        299738       6568435       453    -60    90    27/09/2011       253    Pending 
  HB           BJ1921        299953       6568731       455    -60    90    02/09/2011       151    Mineralised 
  HB           BJ1922        299909       6568735       455    -60    90    28/09/2011       169    Pending 
  HB           BJ1923        299867       6568735       455    -60    90    03/08/2011       193    Mineralised 
  HB           BJ1945        299840       6568785       455    -62    90    25/09/2011       205    Pending 
  HB           BJ1947        299770       6568785       455    -62    90    09/09/2011       253    Pending 
  HB           BJ1957        299878       6568535       459    -58    90    24/09/2011       162    Pending 
  HB           BJ1958        299830       6568535       459    -60    90    27/08/2011       223    Mineralised 
  BE           BJ1978     299745.26    6565724.96    424.23    -60    90    02/08/2011       156    Mineralised 
  BE           BJ1984     299757.01    6566025.52    425.85    -60    90    03/08/2011       150    Mineralised 
  BE           BJ1995     299695.08    6566424.66    428.08    -60    90    06/08/2011       162    Mineralised 
  BE           BJ1997     299615.57    6566424.83    427.87    -60    90    08/08/2011       210    Mineralised 
  TI           BJ2009     299820.72    6567175.88    436.09    -60    90    13/08/2011       145    Mineralised 
  HB           BJ2010        299860       6567175       432    -60    90    15/09/2011       151    Mineralised 
  TI           BJ2011        299823       6567181       435    -60    90    14/08/2011       193    Mineralised 
  TI           BJ2012        299776       6567175       435    -58    90    15/09/2011       181    Pending 
  TI           BJ2020        299563       6567151       434    -60    90    30/08/2011       235    Mineralised 
  TI           BJ2024     299919.92    6567248.61    437.61    -60    90    12/08/2011       103    Mineralised 
  TI           BJ2027     299884.14    6567276.32     437.6    -60    90    15/08/2011       121    Mineralised 
  TI           BJ2029        299794       6567278       437    -60    90    31/08/2011       157    Mineralised 
  TI           BJ2031        299726       6567275       435    -60    90    01/09/2011       181    Pending 
  TI           BJ2033     299920.63     6567322.8    438.49    -60    90    15/08/2011       109    Mineralised 
  TI           BJ2035     299838.34    6567323.73    436.37    -60    90    16/08/2011       133    Mineralised 
  PH           BJ2039     299713.32    6567324.57    434.84    -60    90    17/08/2011       193    Mineralised 
  PH           BJ2040        299668       6567325       435    -58    90    15/09/2011       217    Mineralised 
  PH           BJ2051        299650       6567275       434    -60    90    30/09/2011        66    Pending 
  TI           BJ2052     299609.07     6567274.8    433.48    -60    90    19/08/2011       217    Mineralised 
  HB           BJ2053        299574       6567275       434    -60    90    17/09/2011       235    Pending 
  PH           BJ2064     299506.33    6567350.26    433.57    -60    90    18/08/2011       193    Pending 
  PH           BJ2066        299614       6567425       436    -59    90    18/09/2011       205    Pending 
  PH           BJ2070        299474       6567425    434.64    -60    90    28/08/2011       253    Mineralised 
  PH           BJ2072     299576.37    6567526.21    436.93    -58    90    17/08/2011       253    Mineralised 
  PH           BJ2083        299699       6567825       441    -61    90    16/09/2011       175    Pending 
  PH           BJ2085        299643      65667825       440    -62    90    17/09/2011       199    Pending 
  TI           BJ2095        299962       6566730       430    -90     0    29/09/2011       102    Pending 
  TI           BJ2096        299876       6566780       430    -90     0    30/09/2011        68    Pending 
  PH           BJ2106     299771.56    6567824.01    442.83    -60    90    23/08/2011       163    Mineralised 
  BE           BJ2111     299739.56    6566548.11    429.07    -60    90    06/08/2011       169    Mineralised 
  HB           BJ2140        299787       6568830       455    -62    90    06/09/2011       199    Pending 
  HB           BJ2145        299642       6567995       455    -60    90    09/08/2011       199    Pending 
  TI           BJ2151        299514       6566927       430    -60    90    15/09/2011       150    Pending 
  TI           BJ2161     299579.85    6567000.55    431.11    -60    90    11/08/2011       229    Mineralised 
  HB           BJ2162        299537       6567000       432    -60    90    14/09/2011       235    Mineralised 
  BE           BJ2197     299778.23    6566626.52    429.67    -60    90    08/08/2011       185    Mineralised 
  BE           BJ2280     299656.34    6566323.75    428.31    -60    90    04/08/2011       198    Mineralised 
  BE           BJ2302     299757.13    6566173.96    427.79    -60    90    24/07/2011       120    Mineralised 
  BE           BJ2303     299653.36    6566172.53    427.84    -60    90    30/07/2011       198    Mineralised 
  DK           BJ2304     299752.09    6569650.42    442.84    -60    90    25/07/2011       271    Mineralised 
  BE           BJ2309     299813.88    6565875.86    425.26    -60    90    31/07/2011       114    Mineralised 
  PH           BJ2334     299739.43    6567727.27    442.08    -60    90    21/08/2011       181    Mineralised 
  TI           BJ2337        299676       6566780       430    -90     0    19/09/2011       168    Pending 
  TI           BJ2338        299678       6566705       432    -90     0    25/09/2011       204    Pending 
-----------  ---------  -----------  ------------  --------  -----  ----  ------------  --------  ------------- 
 

Table 2: Intersection summary from drill assays received between 15July 2011 and 30September 2011

 
   Hole      From    To     Width    Au g/t            Includes 
  BJ0258     125     136     11       0.77 
  BJ0267      54     55       1      10.40 
  BJ0349      50     60      10       0.47 
  BJ0349      83     94      11       0.44 
                                               includes 1 m @ 40.80 g/t 
  BJ0349     133     138      5       8.75      Au from 134 m 
  BJ0364      48     58      10       0.59 
  BJ0364     101     111     10       0.85 
                                               includes 2 m @ 5.17 g/t 
  BJ0370      90     102     12       1.30      Au from 90 m 
  BJ0370     135     147     12       0.69 
  BJ0380      42     64      22       0.85 
  BJ0380     127     133      6       1.15 
  BJ0383      36     50      14       0.53 
  BJ0383      80     86       6       1.66 
                                               includes 1 m @ 6.31 g/t 
  BJ0383     106     124     18       0.93      Au from 111 m 
  BJ0383     139     154     15       0.77 
  BJ0383     165     175     10       0.81 
  BJ0403      48     65      17       0.61 
  BJ0403      84     102     18       0.68 
  BJ0407      33     34       1       6.55 
  BJ0407     103     119     16       0.62 
  BJ0407     145     164     19       0.76 
  BJ0416      74     91      17       0.69 
  BJ0443     117     131     14       1.11 
  BJ0449      80     91      11       0.53 
  BJ0449     115     125     10       0.88 
  BJ0449     140     154     14       0.57 
  BJ0455     135     139      4       2.92 
  BJ0456      83     94      11       0.52 
                                               includes 1 m @ 11.30 g/t 
  BJ0476      53     59       6       2.10      Au from 58 m 
  BJ0476      70     84      14       1.46 
                                               includes 1 m @ 11.65 g/t 
  BJ0534      65     71       6       2.03      Au from 70 m 
                                               includes 1 m @ 8.28 g/t 
  BJ0537     156     180     24       1.07      Au from 156 m 
  BJ0540     145     155     10       1.55 
  BJ0626     119     127      8       1.23 
                                               includes 1 m @ 15.55 g/t 
  BJ0626     160     166      6       2.72      Au from 160 m 
  BJ0661      63     86      23       1.14 
  BJ0661     110     123     13       0.61 
                                               includes 1 m @ 18.25 g/t 
  BJ0682     152     155      3       6.70      Au from 152 m 
  BJ0687     115     144     29       0.72 
  BJ0687     204     214     10       0.57 
  BJ0696      53     79      26       0.67 
  BJ0696      84     96      12       0.44 
  BJ0765     160     162      2       2.37 
                                               includes 1 m @ 17.10 g/t 
  BJ0939     100     102      2       8.71      Au from 101 m 
  BJ0975      45     50       5       1.16 
  BJ1056      47     59      12       0.49 
  BJ1101      89     100     11       0.94 
  BJ1107      61     72      11       0.58 
  BJ1138     133     144     11       0.48 
  BJ1154      76     87      11       1.16 
  BJ1175      76     86      10       0.35 
  BJ1214      75     80       5       1.12 
  BJ1216     108     122     14       0.46 
  BJ1216     161     162      1       9.66 
  BJ1249      92     103     11       0.45 
  BJ1249     108     123     15       0.76 
  BJ1269      29     50      21       0.64 
                                               includes 2 m @ 6.83 g/t 
  BJ1269     116     120      4       3.75      Au from 116 m 
  BJ1273      14     16       2       2.38 
  BJ1273      32     38       6       1.76 
  BJ1273      67     81      14       0.45 
  BJ1275      38     52      14       0.49 
  BJ1275      58     69      11       0.83 
                                               includes 1 m @ 6.25 g/t 
  BJ1275     130     135      5       1.68      Au from 132 m 
  BJ1294     132     148     16       0.59 
  BJ1349      51     65      14       0.48 
  BJ1349     149     164     15       0.68 
  BJ1349     167     179     12       0.51 
  BJ1378      38     39       1       6.12 
                                               includes 1 m @ 7.44 g/t 
  BJ1378      70     74       4       2.14      Au from 72 m 
                                               includes 1 m @ 8.63 g/t 
  BJ1378      92     95       3       3.06      Au from 92 m 
                                               includes 2 m @ 10.27 g/t 
  BJ1378     102     105      3       6.96      Au from 102 m 
                                               includes 2 m @ 4.33 g/t 
  BJ1378     161     177     16       1.07      Au from 161 m 
  BJ1379      48     61      13       0.41 
  BJ1379     163     175     12       1.26 
  BJ1483      87     92       5       1.73 
                                               includes 1 m @ 7.23 g/t 
  BJ1483     104     109      5       1.79      Au from 107 m 
  BJ1483     117     130     13       0.47 
  BJ1844     144     176     32       0.66 
  BJ1844     189     193      4       2.72 
  BJ1844     211     224     13       0.69 
  BJ1958     120     125      5       8.05 
  BJ1958     129     143     14       0.49 
  BJ1978      52     62      10       0.39 
  BJ1984      61     64       3       2.32 
  BJ1997     140     152     12       0.90 
  BJ2009      53     63      10       0.69 
  BJ2009      74     91      17       0.50 
                                               includes 6 m @ 3.86 g/t 
  BJ2011      33     48      15       2.13      Au from 39 m 
                                               includes 3 m @ 7.29 g/t 
  BJ2011     149     159     10       2.53      Au from 150 m 
                                               includes 1 m @ 7.96 g/t 
  BJ2027      92     94       2       4.14      Au from 92 m 
  BJ2034      22     32      10       0.43 
  BJ2035      24     49      25       0.73 
  BJ2037      34     53      19       0.62 
  BJ2037     109     129     20       0.61 
                                               includes 1 m @ 6.84 g/t 
  BJ2039      41     47       6       1.42      Au from 45 m 
  BJ2044     121     132     11       0.55 
  BJ2052      60     61       1       9.75 
  BJ2052     141     146      5       1.59 
  BJ2064      56     58       2       3.29 
  BJ2064     180     187      7       2.51 
                                               includes 4 m @ 3.13 g/t 
  BJ2067     143     151      8       1.96      Au from 143 m 
  BJ2069     148     172     24       0.99 
  BJ2069     185     206     21       0.75 
  BJ2072      85     95      10       0.89 
  BJ2073     107     113      6       1.82 
  BJ2073     139     158     19       0.59 
                                               includes 1 m @ 17.75 g/t 
  BJ2073     191     193      2       9.04      Au from 191 m 
  BJ2075     133     148     15       1.00 
  BJ2075     214     233     19       0.53 
  BJ2077      89     103     14       0.71 
  BJ2077     121     133     12       0.85 
  BJ2079     110     120     10       0.44 
                                               includes 1 m @ 12.20 g/t 
  BJ2079     156     181     25       0.98      Au from 164 m 
                                               includes 1 m @ 6.23 g/t 
  BJ2079     211     222     11       1.38      Au from 212 m 
  BJ2082      38     55      17       0.92 
                                               includes 1 m @ 10.85 g/t 
  BJ2082      94     97       3       3.86      Au from 94 m 
                                               includes 3 m @ 6.05 g/t 
  BJ2082     117     125      8       2.51      Au from 122 m 
  BJ2084      37     40       3       2.30 
  BJ2101     189     199     10       0.64 
  BJ2103      94     104     10       0.69 
  BJ2105      28     49      21       0.45 
                                               includes 2 m @ 5.49 g/t 
  BJ2161     157     187     30       1.05      Au from 171 m 
  BJ2197      1       2       1      22.30 
  BJ2280     117     121      4       2.36 
  BJ2304     127     133      6       1.28 
                                               includes 2 m @ 10.09 g/t 
  BJ2304     157     160      3       6.83      Au from 158 m 
  BJ2334      44     49       5       1.14 
                                               includes 2 m @ 5.29 g/t 
  BJ2334     128     136      8       1.61      Au from 129 m 
---------  ------  -----  -------  --------  -------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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