Sydney, Oct 31, 2007 AEST (ABN Newswire) - Republic Gold (ASX: RAU) announce the Quarterly Report for September 2007. The highlights of this report are:
- Drilling was completed at the Company's 75%-owned Northcote Project, with 875 metres of RC and 681 metres of diamond drilling completed during the Quarter
- A second three-month exclusive option was secured over the Mt Carbine minesite, a former significant tungsten mine that operated from the early- 1970s to 1986. Diamond drilling commenced at Mt Carbine in late-September
- Drilling commenced in mid-October on the significant tungsten anomaly generated from soil sampling at Whumbal West in Republic's 100%-owned EPM 14737 NSW Copper-Gold - Burraga Project
- Drilling commenced with encouraging visible copper mineralisation intersections at the 75%-owned Burraga copper/gold prospect.
- A total of 787 metres of RC and 592 metres of diamond drilling were completed in the programme Corporate
- A placement for 60,000,000 shares raising $2,343,600 was made to a group of Malaysian Chinese investors and arranged by Datuk Roger Tan with the majority of the funds cleared into the Company's bank account in October
- The commencement of the early exercise of options issued as part of the rights issue earlier in the year due to the strong share price
- All resolutions were passed at the Company's inaugural shareholders' General Meeting held in Mareeba on 1 October 2007, including approval for the issue of new shares and new options
- Mr Chris Roberts resigned as Exploration Director, however he continues in the role of Chief Geologist
See following link to download the full September 2007 Quarterly Report:
http://www.abnnewswire.net/lnk/HU3ZBJ24
Contact
John Kelly Managing Director
Mobile +61 418 577 759
Greg Barns Director
Mobile +61 419 691 846
Email: info@republicgold.com.au
www.republicgold.com.au
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