Gold exploration results
April 04 2006 - 3:22AM
UK Regulatory
RNS Number:9191A
Gippsland Limited
04 April 2006
4 April 2006
Gippsland Limited ("Gippsland" or "the Company")
+++++++++++++++++++++++++++++++++++++
GOLD EXPLORATION RESULTS
Width of Seiga mineralised zone expanded to 75 metres including
* 8 metres @ 7.7 g/t Au
* 20.3 metres @ 7.4g/t Au
* 43 metres @ 3.57g/t Au
Strike length of Seiga mineralised zone >1g/t Au extended from 250 metres to 770
metres
14,000 metre drilling programme is in progress and is expected to confirm the
extension at depth of the highly encouraging surface gold results.
+++++++++++++++++++++++++++++++++++++
Gippsland (ASX & AIM: GIP) today announces that mechanised trenching of the
Company's Wadi Allaqi prospects completed during early March 2006 has confirmed
and expanded the high-grade gold results obtained during previous sampling work.
SEIGA
Trenching undertaken at Seiga has confirmed the results of earlier trenching
programmes as well as significantly expanding the width and strike length of the
Seiga gold mineralisation.
Trenches CP1 and CT2 have identified a mineralised zone 75 metre wide including:
* 8 metres @ 7.7g/t Au
* 20.3 metres @ 7.4g/t Au
* 43 metres @ 3.57g/t Au
Trench CP6 situated 62m north of trench CP1 has identified a mineralised zone
50m wide including:
* 31 metres @ 4.34g/t Au
* 14.5 metres @ 2.65/t Au
Trenches excavated the north and south of CP1 extended the overall strike length
of mineralised zone (> 1g/t Au) from 250m to over 770m.
The 3 most southern trenches CT7, 6 & 8) located 260m, 420m and 460m
respectively south of trench CP1 contained wide intersections of low grade but
anomalous gold values.
Trench CT7 intersected 24m at 0.93g/t Au while CT8 intersected 16m at 0.65g/t
Au.
UM SHASHOBA
At the Um Shashoba prospect located 6km to the south-east of Seiga, the
trenching identified anomalous (>0.1g/t) gold values associated with shearing
over a strike length of 500m. The northern and southern extension of this shear
zone is masked by colluvial sediments which will be tested by drilling. The
trenching revealed a hardpan layer below colluvial sediments at around 1 metre
depth which would have posed a severe challenge to the ancient miners exploring
for extensions to the exposed mineralisation. These extensions will be tested
by lines of drill holes.
Previous sampling of wall rocks adjacent to ancient workings gave a best result
of 11.9m at 2.22g/t Au including 2m at 4.19g/t Au.
UM TIUR
A small number of trenches (8, totalling 227.4m) were completed to identify the
line of lode. Access for the excavator was poor and the main area of interest
could not be tested. The trenching did however expose the shear zone hosting
the main Um Tiur mineralisation some 1.5km south of the dormant Um Tiur mine.
DRILLING PROGRAMME IN PROGRESS
The drilling campaign currently in progress will systematically test Seiga and
all of the Company's 9 Wadi Allaqi prospects during which time assays from the
initial testing will have been received prior to a second round of drilling.
Initial drilling assay results are expected to be available by early May 2006.
Gippsland Executive Chairman Jack Telford stated "We eagerly await the
analytical data resulting from the initial drilling programme, the first ever
undertaken in the historic gold producing Wadi Allaqi region. We believe the
drilling programme currently under way will confirm the extension at depth of
the highly encouraging surface gold results obtained to date."
GEOLOGICAL GRAPHICS
Geological graphics associated with this announcement may be viewed in the
INVESTOR RELATIONS section of the Gippsland website.
RJ (Jack) Telford
Executive Chairman
For further information please contact:
Jack Telford
Gippsland Limited
www.gippslandltd.com
Tel: +61 (0)8 93898611
jtelford@gippslandltd.com
Laurence Read / Leesa Peters
Conduit PR
Tel: +44 (0)20 7429 6605
leesa@conduitpr.com
laurence@conduitpr.com
Les Polden / Luke Cairns
Hoodless Brennan Plc
Tel: +44 (0)20 7538 1166
L.Polden@HBcorporate.com
L.Cairns@HBcorporate.com
Note: In accordance with Listing Rule 5.6 of the Australian Stock Exchange
Limited, the geological information in this report that relates to Exploration
Results, Mineral Resources and Ore Reserves is based on data compiled by Dr John
Chisholm, a Fellow of The Australasian Institute of Mining and Metallurgy. Dr
Chisholm who is an Executive Director of Gippsland Limited with over 25 years
experience in the mineral industry including the evaluation of exploration data,
mineral resources and ore reserves, has consented to the issue of the
information in this report in the form and context in which it appears.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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