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Distributed: Nov 30, 2011

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Sydney, Nov 30, 2011 (ABN Newswire) - Gold Anomaly Limited (ASX:GOA) is pleased to provide the following update on the Kenai Resources Drilling Programme at the Sao Chico Project, Brazil.

As previously advised:

1. Toronto Stock Exchange Venture Exchange ("TSX-V") - listed Kenai Resources Limited ("Kenai") (CVE:KAI) provides project management advisory services to Gold Anomaly Limited ("GOA") for the Sao Chico Project in Brazil ("the Project");

2. Kenai has:

(i) an option to acquire 50% of GOA's wholly owned Brazilian subsidiary which holds the mineral project rights to the Project; and

(ii) a further option to acquire an additional 25% interest on certain terms and conditions.

Please find attached an announcement released by Kenai to the TSX-V yesterday which provides an update on the drilling programme at the Project.

Please view the following Kenai Resources announcement:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-237933.pdf


About Gold Anomaly Limited

Gold Anomaly Limited (ASX:GOA) is an ASX-listed junior company focussed on exploration and pre-development projects in Papua New Guinea. Based on the results to date and the experience of Peter Macnab, Gold Anomaly’s Director of Exploration, the company’s flagship project is the Crater Mountain gold project which has the potential to become a multi-million ounce gold deposit. This potential should be considered recognising that the potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Contact

John Lemon
Company Secretary
Gold Anomaly Limited
Ph: +61-2-9241-4224


  Related Companies

>>>        Gold Anomaly Limited
>>> Kenai Resources Limited

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Financial General | Mining | Gold | 

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