Brisbane, Aug 11, 2008 AEST (ABN Newswire) - The Board of Republic Gold Limited (ASX:RAU) ("Republic" or the "Company") today announces the successful completion of a joint research Project between the CSIRO, the Queensland Department of Mines and Energy Geological Survey and the Company utilising the CSIRO's expertise in modelling mineralising systems. The Project has been successfully completed for the Hodgkinson Basin resulting in a computer modelling technique for predicting the location of mineral deposits.
To-date the Company has been using conventional geological techniques in its efforts. The new modelling technique will greatly enhance the Company's array of geological tools. The Company has large exploration holdings in the Hodgkinson Basin and will utilise the promising results of the Project to prioritise areas for evaluation and increase its efficiency of exploration to locate and define mineral deposits.
The Project utilised existing information on geology and mineralisation to produce computer models which simulate the formation of known mineral deposits. This phase then provides tools for predicting where other deposits may occur, greatly assisting the regional exploration of large regions, such as the Hodgkinson Basin where the Company is the dominant tenement holder.
The modelling incorporates structural and stress regimes and then models the mineralising fluid's preferred pathways and traps on a regional basis. This is also useful at the deposit scale, to assist in evaluating the localised potential for economic resources. The Company is pleased with the success of this study and is setting up to evaluate the many targets indicated from this work in this field season. The Company also expects that this approach may well be applicable in other areas of its exploration portfolio.
Contact
John Kelly
Managing Director
Republic Gold Limited
TEL: +61-418-577-759
Tony Nagy
TEL: +61-413-645-126
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