Wadi Allaqi Drilling Results
June 01 2006 - 3:01AM
UK Regulatory
RNS Number:8368D
Gippsland Limited
01 June 2006
1 June 2006
Gippsland Limited ("Gippsland" or "the Company")
+++++++++++++++++++++++++++++++++++++++++
WADI ALLAQI SEIGA DRILLING RESULTS
RC drilling at Seiga in Wadi Allaqi returns significant gold intersections
* Hole CRC012 28m @ 4.18g/t Au from 28m
* Hole CRC013 24m @ 5.21g/t Au from 48m
* Hole CRC004 8m @ 1.73g/t Au from 84m
* Hole CRC006 12m @ 1.22g/t Au from 60m
* Hole CRC015 12m @ 1.32g/t Au from 4m
INITIAL DRILLING PROGRAMME CONFIRMS THE EXTENSION AT DEPTH OF THE HIGHLY
ENCOURAGING SURFACE GOLD RESULTS
+++++++++++++++++++++++++++++++++++++++++
Gippsland (ASX & AIM: GIP) today announces that RC drilling of the Company's
Egyptian Seiga prospect in Wadi Allaqi completed during April 2006 has confirmed
the high-grade gold results obtained during previous surface sampling work.
Assay results for 26 of the 45 holes completed to date have been received. The
4m composite samples were analysed by Genalysis Laboratory Services in Perth.
Samples greater than 1g/t Au were re-analysed by Fire Assay (Appendix A).
Six of the holes tested the ancient Seiga workings with the best results
obtained in holes CRC012 & CRC013.
Hole CRC012 was drilled below the centre of the ancient workings and intersected
28m at 4.18g/t Au between 28-56m. Hole CRC006 which was drilled from the
opposite direction and slightly to the north intersected the mineralisation
yielding 12m at 1.22g/t Au between 60-72m.
Hole CRC013 drilled at the northern end of the ancient workings intersected 24m
at 5.21g/t Au between 48-72m. This zone is thought to correspond with the high
grade mineralisation (15.5m at 9.73g/t Au) recorded in surface profile CP6.
Hole CRC011 which was drilled 20m to the south of CRC012 intersected a zone of
low grade mineralisation (12m at 0.48g/t Au) with associated cavities that may
represent old stopes. Hole CRC004 drilled from the opposite direction
intersected 4m at 4.34g/t Au and 4m at 2.51g/t Au in the expected position of
the mineralisation.
The remaining 20 holes were drilled to test the along strike extensions to the
ancient workings and sand covered areas adjacent to the old workings. CRC015
intersected 12m at 1.32g/t Au 230m along strike to the north of the old
workings. The area is moderately rugged and site access work is being undertaken
to prepare drill pads in readiness for the next round of drilling.
Hole CRC003 intersected 4m at 45.29g/t Au in the top sample from 0-4m and is
thought to represent surface contamination from old surface mining activity.
The drilling supports the geological observation that the deposit worked by the
ancients plunges moderately to the north.
GEOLOGICAL GRAPHICS associated with these Seiga drilling results may be viewed
in the INVESTOR RELATIONS section of the Gippsland website.
UM SHASHOBA
Drilling is currently underway at Um Shashoba located 6km to the south-east of
Seiga.
ON-GOING DRILLING PROGRAMME
Following the completion of the preliminary drilling at Um Shashoba, progressive
drilling will be undertaken at the exploration tenements covering Um Tiur,
Haimur, Um Garayat, Nile valley Blocks A & E where specific drill targets have
been identified.
Gippsland Executive Chairman Jack Telford stated "The results of this first pass
drilling, the first ever drilling programme undertaken in the historic gold
producing Wadi Allaqi region, are very good as they have confirmed the extension
at depth of the highly encouraging surface trenching gold results announced
during April 2006. The Directors are confident that the on-going drilling
programme will build on the excellent results achieved to date."
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
Les Polden / Luke Cairns
Hoodless Brennan Plc
Tel: +44 (0)20 7538 1166
L.Polden@HBcorporate.com
L.Cairns@HBcorporate.com
Laurence Read / Leesa Peters
Conduit PR
Tel: +44 (0)20 7429 6605
leesa@conduitpr.com
laurence@conduitpr.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
Hole From (m) o (m) Au (AAS(1)) Au (FA(2))
------------ ------------ ------------ ------------ ------------
CRC012 24 28 0.91
CRC012 28 32 2.2 2.11
CRC012 32 36 14.29 16.4
CRC012 36 40 2.18 2.25
CRC012 40 44 1.23 1.42
CRC012 44 48 3.58 3.5
CRC012 48 52 2.59 2.5
CRC012 52 56 1.02 1.06
CRC012 56 60 0.96
CRC012 60 64 0.93
------------ ------------ ------------ ------------ ------------
------------ ------------ ------------ ------------ ------------
CRC006 52 56 0.06
CRC006 56 60 0.32
CRC006 60 64 1.13 1.03
CRC006 64 68 1.18 1.13
CRC006 68 72 1.3 1.51
CRC006 72 76 0.95
CRC006 76 80 0.3
------------ ------------ ------------ ------------ ------------
------------ ------------ ------------ ------------ ------------
CRC011 48 52 0.18
CRC011 52 56 0.11
CRC011 56 60 0.52
CRC011 60 64 0.3
CRC011 64 68 0.61
CRC011 68 72 0.16
CRC011 72 76 0.3
CRC011 76 80 0.27
CRC011 80 83 0.2
------------ ------------ ------------ ------------ ------------
------------ ------------ ------------ ------------ ------------
CRC004 64 68 0.33
CRC004 68 72 5.25 4.34
CRC004 72 76 0.02
CRC004 76 80 0.21
CRC004 80 84 0.13
CRC004 84 88 2.54 2.51
CRC004 88 92 0.95
------------ ------------ ------------ ------------ ------------
------------ ------------ ------------ ------------ ------------
CRC013 24 28 0.1
CRC013 28 32 0.92
CRC013 32 36 0.37
CRC013 36 40 0.06
CRC013 40 44 0.1
CRC013 44 48 0.88
CRC013 48 52 3.41 3.45
CRC013 52 56 4.27 4.38
CRC013 56 60 4.67 4.49
CRC013 60 64 3.73 4.01
CRC013 64 68 9.43 10.47
CRC013 68 72 4.56 4.46
CRC013 72 76 0.77
CRC013 76 80 0.31
CRC013 80 84 0.02
------------ ------------ ------------ ------------ ------------
The drill collar locations of holes containing significant mineralisation are as
follows:
Hole Easting Northing Azimuth Dip Depth (m)
----------- ---------- ----------- ----------- --------- ----------
CRC004 616061 2494004 60 -60 102
CRC006 616038 2494037 60 -58 101
CRC011 616124 2494046 240 -58 83
CRC012 616105 2494056 240 -58 69
CRC013 616091 2494101 240 -55 90
CRC015 615915 2494269 60 -58 30
----------- ---------- ----------- ----------- --------- ----------
(1) AAS: Atomic Absorption Spectroscopy analysis
(2) FA: Fire Assay analysis
This information is provided by RNS
The company news service from the London Stock Exchange
END
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