TIDMGGG 
 
8 August 2011 
 
        Bullabulling Gold Project: Bullabulling Drill Parameters Agreed 
 
Highlights 
 
  * The JV partners have agreed with the resource consultants the required 
    drill spacing to define JORC Indicated resources. 
 
  * Indicated JORC spacing is set at 75m North-South by 35m East-West. 
 
  * Confirms Bullabulling mineralised zones as unusually continuous and readily 
    predictable. 
 
  * Phase 2 infill drilling now underway will be done using the wider drill 
    spacing with 25,000+m already completed. 
 
  * Less than 45,000 metres of infill drilling are now required to convert the 
    resource at the Bullabulling Gold Project to the Indicated category. 
 
  * The Infill drilling programme will now have a reduced cost and take less 
    time to complete, releasing drill rigs to accelerate the exploration 
    programme. 
 
  * The substantial historic drilling data acquired on acquisition has now been 
    significantly duplicated and will now only be used as a supplement to 
    future JORC resource estimates. 
 
  * The current JORC resource estimate is in the process of being finalised 
    pending sign off by the resource consultants. 
 
The Joint Venture, comprising GGG and Auzex, is pleased to announce that after 
a geostatistical review of the new drill data from the Bullabulling Gold 
Project, using the conditional simulation technique, the drill density required 
to classify the resource estimate into the Indicated category has been 
increased to 75m north-south and 35m east-west (from the original 50m 
north-south and 25m east-west spacing). The widening of the drill spacing will 
reduce both the timeline and cost to complete the current infill drilling 
programme along the Bullabulling Trend and confirms Bullabulling as having 
consistent and highly predictable mineralisation. 
 
A revised plan and budget has been completed for infill drilling remaining 
between Gryphon in the south to Bonecrusher in the north, which is a strike 
length of more than eight kilometres. 
 
There is now less than 45,000m of infill drilling required to convert the 
Inferred resources to Indicated resources. 
 
That infill drilling should be finished by the end of 2011. Drilling from early 
August to the end of September will be dedicated to drilling the remaining 
areas between Bacchus, Titan, Phoenix and Hobbit. Drilling of the Dickson's to 
Bonecrusher area should be completed by late November. A new resource estimate 
will be completed once this phase of drilling has been completed. 
 
The drill spacing study has delayed the finalising of the classification of the 
new resource estimate. The new resource estimate is currently being reviewed to 
reclassify the estimate using the wider drill spacing, which will increase the 
number of ounces in the Indicated category. 
 
Competent Person Statement 
 
The information in this report that relates to Exploration Results, Mineral 
Resources and Ore Reserves is based on information compiled by Dr. Jeffrey 
Malaihollo who is a full-time employee of the Company and Fellow of The 
Australasian Institute of Mining and Metallurgy and a fellow of the Geological 
Society of London. He is qualified as a Competent Person under the Code for the 
Reporting Mineral Exploration Results, Mineral Resources and Mineral Reserves, 
2004 ("The Reporting Code") prepared by the Australasian Institute of Mining 
and Metallurgy and the Australian Institute of Geoscientists. 
 
A map showing the drill areas referred to in this announcement is available on 
the version of this release available on the Company's website. 
 
General Enquiries, please contact: 
 
Dr. Jeffrey Malaihollo           Westhouse Securities Limited (UK Nominated 
                                 Adviser) 
MD, GGG Resources plc (UK) 
                                 Tom Price / Martin Davison 
Tel: + 44 1992 531820 
                                 Tel: + 44 20 7601 6100 
Email: www.gggresources.com 
 
Neil Boom                        Collins Stewart Europe Limited (Broker) 
 
MD, Gresham PR Ltd (UK).         John Prior / Adam Miller 
 
Tel: + 44 7866 805 108           Tel: + 44 20 7523 8350 
 
David McArthur                   David Brook 
 
GGG Resources plc (Australia)    Professional Public Relations (Australia 
                                 media) 
41 Stirling Highway 
                                 T: +61 8 9388 0944/ +61 433 112 936 
Nedlands, WA 6009 
                                 E: david.brook@ppr.com.au 
Australia 
 
Tel: +61 8 9423 3200 
 
 
 
END
GGG Resources (LSE:GGG)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more GGG Resources Charts.
GGG Resources (LSE:GGG)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more GGG Resources Charts.