Seiga Drilling Results
December 20 2006 - 3:41AM
UK Regulatory
RNS Number:2989O
Gippsland Limited
20 December 2006
20 December 2006
Gippsland Limited ("Gippsland" or the "Company")
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Seiga Drilling Results
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* Wide intersection of 48m at 1.60g/t Au in hole CRC056 including
8m at 7.75g/t Au
* 28m at 1.3g/t Au in hole CRC060 including 12m at 2.23g/t Au
* Continuous zone of mineralisation extended to over 500m
* Discontinuous zones of mineralisation over 900m
* Open along strike and at depth
* Preparation of JORC resource estimate
++++++++++++++++++++++++++++++++++++++++++++
Gippsland (ASX & AIM: GIP) today announces the first results of the second-phase
drilling at the Company's Seiga gold prospect at Wadi Allaqi, Egypt. This
drilling include some infill drilling within the main zone of mineralisation
adjacent to historical workings, some follow-up drilling of anomalous drilling
results along strike from the historical workings and completion of the
reconnaissance drilling along the shear zone.
Commenting today Gippsland's Executive Chairman, Jack Telford said "These
drilling results confirm the presence of at least three separate zones of
mineralisation within the shear system occurring over a strike length of at
least 900m. Furthermore, recently completed drilling for which analytical
results have not yet been received are expected to extend the strike length of
the mineralised system. The Company's geologists will now commence the
preparation of JORC Code resources which are expected to be announced
mid-January 2007."
Table 1: Summary of best Seiga drilling intersections
Hole Intersection (m) Interval (m) Gold grade (g/t)
CRC052 12 - 30 18 0.37
CRC053 1 - 12 11 0.62
CRC056 40 - 88 48 1.60
including 60 - 68 8 7.75
CRC057 20 - 52 32 0.52
CRC058 40 - 76 36 1.04
including 40 - 48 8 3.24
CRC059 1 - 24 23 1.16
CRC060 32 - 60 28 1.30
including 32 - 44 12 2.23
CRC065 1 - 56 55 0.19
CRC068 1 - 4 3 2.78
and 24 - 48 24 0.53
CRC069 16 - 40 44 0.64
including 20 - 32 12 1.18
INFILL DRILLING
The infill drilling consisted of five RC holes to test a 220m gap in the
previous drilling. Hole CRC056 returned 48m at 1.60g/t Au from 40m depth,
including 8m at 7.75g/t Au from 60m depth. This hole is located 50m north of the
previously drilled hole CRC013 which intersected 24m at 5.21g/t Au from 48m.
Hole CRC058 drilled 90m to the north of CRC056 intersected 36m at 1.04g/t Au
from 40m including 8m at 3.24g/t Au from 40m. Hole CRC057 was drilled 10m north
of CRC058 but from the opposite direction and intersected 32m at 0.52g/t Au from
20m.
Hole CRC060 drilled 40m to the north of holes CRC057 and 058 intersected 28m at
1.30g/t Au from 32m including 12m at 2.23g/t Au from 32m.
Hole CRC059 drill along the previously drilled section containing holes CRC014
to 016 and 28m north of Hole CRC060 intersected 23m at 1.16g/t Au from 1m depth.
FOLLOW-UP DRILLING
The follow-up drilling tested gold anomalies in the first-pass drilling. Hole
CRC065 tested a gold intersection in Hole CRC017 which was at the eastern end of
the drill profile. The hole intersected 55m at 0.19g/t Au from 1m.
A second zone of mineralisation is located slightly to the east of the zone
containing the historical workings. This zone was intersected in a number of
holes during the first-pass drilling and generally in the last hole in the
profile. Follow-up drilling along this zone returned significant results in two
holes and resulted in the location of a third zone of mineralisation located
further to the east.
Hole CRC068 returned 3m at 2.78g/t Au from 1m and 24m at 0.53g/t Au from 24m.
Hole CRC069 intersected 44m at 0.64g/t Au from 16m including 12m at 1.18g/t Au
from 20m.
Significant intersections returned from the third mineralised zone include 11m
at 0.62g/t Au from 1m in CRC053 and 18m at 0.37g/t Au from 12m in hole CRC052.
WORK IN PROGRESS
The results of a further 24 drill holes from the Seiga prospect are still
outstanding.
Fourteen profiles of rock-chip sampling were completed as an aid to identifying
additional zones of mineralisation and determining the lateral extent of the
zones.
JORC CODE RESOURCES
The Company's geologists have commenced work on preparing a JORC Code resource
estimation in the vicinity of the ancient workings where drilling has outlined a
continuous zone of mineralisation over a strike length of 500 metres.
RJ (Jack) Telford
Executive Chairman
For further information please contact:
Jack Telford
Gippsland Limited
www.gippslandltd.com
Tel: +61 (0)8 9340 6000
jtelford@gippslandltd.com
Laurence Read / Ed Portman
Conduit PR
Tel: +44 (0)20 7429 6605 / 6607
laurence@conduitpr.com
ed@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.
Appendix A
The composite samples were analysed by Genalysis Laboratory Services in Perth by
Atomic Absorption Spectrometry (AAS). Samples containing greater than 1g/t Au
were re-analysed by Fire Assay (FA).
Table 2: Seiga - Listing of all significant gold assays
Hole From To Interval Au AAS Au FA1
---------- ---------- ---------- ---------- ---------- ----------
CRC052 12 16 4 0.12
CRC052 16 20 4 0.11
CRC052 20 24 4 0.22
CRC052 24 28 4 1.10 1.06
CRC052 28 30 2 0.30
CRC053 1 4 3 0.30
CRC053 4 8 4 0.79
CRC053 8 12 4 0.70
CRC056 40 44 4 0.27
CRC056 44 48 4 0.46
CRC056 48 52 4 0.27
CRC056 52 56 4 0.48
CRC056 56 60 4 0.23
CRC056 60 64 4 13.28 13.32
CRC056 64 68 4 2.06 2.33
CRC056 68 72 4 0.18
CRC056 72 76 4 0.24
CRC056 76 80 4 0.79
CRC056 80 84 4 0.58
CRC056 84 88 4 0.24
CRC057 20 24 4 0.45
CRC057 24 28 4 0.93
CRC057 28 32 4 0.19
CRC057 32 36 4 0.74
CRC057 36 40 4 0.45
CRC057 40 44 4 0.23
CRC057 44 48 4 0.69
CRC057 48 52 4 0.49
CRC058 40 44 4 4.12 4.57
CRC058 44 48 4 2.11 2.15
CRC058 48 52 4 0.56
CRC058 52 56 4 0.50
CRC058 56 60 4 0.38
CRC058 60 64 4 0.54
CRC058 64 68 4 0.44
CRC058 68 72 4 0.18
CRC058 72 76 4 0.28
CRC058 84 88 4 1.88 1.95
CRC058 88 92 4 0.47
CRC058 92 96 4 0.08
CRC058 96 99 3 0.33
CRC059 1 4 3 0.28
CRC059 4 8 4 0.39
CRC059 8 12 4 0.94
CRC059 12 16 4 1.72 1.97
CRC059 16 20 4 2.44 2.51
CRC059 20 24 4 0.79
CRC060 32 36 4 2.17 2.25
CRC060 36 40 4 2.43 2.86
CRC060 40 44 4 1.84 1.83
CRC060 44 48 4 0.65
CRC060 48 52 4 0.96
CRC060 52 56 4 0.63
CRC060 56 60 4 0.15
CRC065 1 4 3 0.44
CRC065 4 8 4 0.20
CRC065 8 12 4 0.40
CRC065 12 16 4 0.21
CRC065 16 20 4 0.12
CRC065 20 24 4 0.19
CRC065 24 28 4 0.13
CRC065 28 32 4 0.06
CRC065 32 36 4 0.24
CRC065 36 40 4 0.04
CRC065 40 44 4 0.15
CRC065 44 48 4 0.18
CRC065 48 52 4 0.14
CRC065 52 56 4 0.26
CRC068 1 4 3 2.73 2.83
CRC068 4 8 4 0.07
CRC068 8 12 4 0.12
CRC068 12 16 4 0.22
CRC068 16 20 4 0.17
CRC068 20 24 4 0.17
CRC068 24 28 4 0.75
CRC068 28 32 4 0.24
CRC068 32 36 4 0.56
CRC068 36 40 4 1.05 1.00
CRC068 40 44 4 0.37
CRC068 44 48 4 0.23
CRC069 16 20 4 0.34
CRC069 20 24 4 0.17
CRC069 24 28 4 0.29
CRC069 28 32 4 0.98
CRC069 32 36 4 1.55 1.69
CRC069 36 40 4 0.94
CRC069 40 44 4 0.32
CRC069 44 48 4 0.29
CRC069 48 52 4 0.48
CRC069 52 56 4 0.84
CRC069 56 60 4 0.75
---------- ---------- ---------- ---------- ---------- ----------
Table 3: Seiga - collar specifications for holes assayed from second-phase
drilling
Hole Easting Northing Azimuth Dip Depth (m)
----------- ----------- ----------- ---------- --------- ----------
CRC052 616324 2493892 60 -60 30
CRC053 616339 2493900 60 -58 30
CRC054 616354 2493903 65 -59 30
CRC055 616369 2493897 60 -58 30
CRC056 616075 2494146 255 -55 99
CRC057 615982 2494223 235 -55 57
CRC058 615946 2494185 60 -57 99
CRC059 615929 2494269 240 -62 42
CRC060 615923 2494235 60 -61 60
CRC061 615789 2494430 60 -60 30
CRC062 615801 2494438 60 -60 30
CRC063 615826 2494447 60 -60 30
CRC064 615824 2494424 60 -60 30
CRC065 616115 2493964 60 -60 60
CRC066 616093 2493946 60 -60 60
CRC067 616139 2493880 60 -60 60
CRC068 616222 2493859 60 -60 60
CRC069 616330 2493639 60 -60 60
----------- ----------- ----------- ---------- --------- ----------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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