Republic Gold Limited Stock Market Press Releases and Company Profile

Brisbane, Feb 18, 2008 AEST (ABN Newswire) - The Board of Republic Gold (ASX:RAU)("Republic" or the "Company") today announces that it has received the last batch of analysis results from the recently completed drilling programme at the 75%- owned Burraga Copper Project that is located in mineral-rich Central New South Wales.

The results continue to confirm the potential for a large scale body of mineralisation at Burraga and extend the mineralised strike length from 850 metres as defined by the early results of this drilling programme to over 2,400 metres.

These analysis results continue to confirm the polymetallic nature of Burraga and show that there is a zonation of metals apparent, with the drillholes at the southern end exhibiting more zinc and silver.

Republic Gold's recently appointed Technical Director, Mr Neb Zurkic said "I visited Burraga for the first time this week and saw extensive evidence of chalcopyrite (copper) mineralisation on the surface, in the vicinity of the Excelsior Shaft. The potential scale of the project is evident from the old workings and the results that the Company has achieved to-date. The positive drilling results occurring over a strike length of 2,400 metres is impressive. My next task now is to look at finalising a geological computerised model so that the controls on the mineralisation and the geometry of the mineralised structures can be better understood. With this done we can finalise a Stage 2 drilling programme."

Burraga is a large target. The main historic producing mine, the Lloyd's Mine, sits in the centre of the 4 kilometres of strike and was mined as a shoot over a down plunge length of approximately 550 metres. The high grade vein that was mined varied in width from 0.5 to 3 metres. This was contained within a lower grade zone up to 20 metres wide, defined by drilling in the 1980s and earlier. The results of the new drilling have significantly extended the dimensions of this lower grade zone, with low grade lead and zinc results particularly, extending right from the surface to the top of the old mine workings. The other main producing mine at Burraga was the Sprague's Mine. One successful hole (RCR006), was drilled into this area which is located on the eastern limb of the syncline.

A total of 1,379 metres in 11 holes, comprising 787 metres of RC and 592 metres of diamond drilling was completed in the programme. Drilling intersections quoted are all downhole widths, which in general are targeted to intersect mineralised zones at angles of greater than 30', i. e., approaching perpendicular as far as practicable.

The Stage 2 drilling programme is now being planned following the receipt of these last remaining analysis results. This Stage 2 programme will see drillhole RCR-008 redrilled to reach its target depth of 300 metres. This hole was abandoned in the Stage 1 programme at 150 metres when it had deviated off target too far. The results give the Company significant confidence to pursue this deeper target zone. The table below shows the complete details of the Burraga drilling programme.

The Burraga exploration licence is owned in partnership with Republic's 25% joint venturer, Astor Consultants Pty Limited.

JORC Code Compliance Statement

Information in this report that relates to Exploration Results is based on information compiled by Mr Chris Roberts and Mr John Kelly, who are all members of the Australasian Institute of Mining and Metallurgy. Mr Kelly is a director of the Company and Mr Roberts is the Chief Geologist of the Company and have a minimum of five years experience relevant to the style of mineralisation and type of deposit under consideration and to the activity undertaken to qualify as Competent Persons as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Roberts and Mr Kelly consent to the inclusion in this report of the matters based on information provided by them and in the form and context in which it appears.

Equivalent Metal Calculation

Prices used for the equivalent metal calculation were AUD$1,003/ounce for Au, AUD$19.00/ounce for Ag, AUD$8,642/tonne for Cu, AUD$2,676/tonne for Zn and AUD$3,357/tonne for Pb. No metallurgical testwork has been carried our on the Burraga deposit by the Company so an estimate of metallurgical recoveries is not possible, hence the calculation assumes total in-ground metal content.

Contact

Greg Barns
TEL: +61-419-691

John Kelly
TEL: +61-418-577-759


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