Brisbane, Sep 23, 2008 AEST (ABN Newswire) - The Board of Republic Gold Limited (ASX:RAU) today announces the results of the recent Stage 2 drilling programme for the 2008 field season at the Northcote Gold Project in Far North Queensland.
HIGHLIGHTS
# Northcote Prospect:
- At the Tunnel Hill Prospect, 10m @ 3.26 g/t Au; and 2m @ 17.0 g/t Au
- At the Leadingham Prospect, 6m @ 2.49 g/t Au.
# Drilling at Tunnel Hill successfully extended mineralisation 300 metres to the south after Stage I drilling indicated this extension of the mineralisation.
# Drilling at the Tunnel Hill Prospect has now demonstrated continuity of the mineralised trend over 700 metres of strike length.
# A resource upgrade for Northcote will be now undertaken.
A total of 13 holes was drilled for 971 metres of which 246 metres were diamond cored.
Managing Director of Republic, Mr John Kelly said "The Company continues to be very pleased with the results from the Tunnel Hill Prospect where this zone is now drilled over 700 metres of strike length. The results here have justified drilling and met the Company's expectations. A resource upgrade can now be undertaken for the Northcote Project."
NORTHCOTE PROJECT
Tunnel Hill Prospect
The Tunnel Hill Prospect lies to the north-west and along strike of the Leadingham Prospect and was drilled by the Company in the Stage 1 programme earlier this year to assess a gap of 300 metres that was previously untested to the north of Telephone Hill (see diagram below).
The mineralisation occurs marginal to a structural stable sandstone unit and is associated with a series of stockworked quartz and massive quartz carbonate veins. Drilling here focussed on near surface testing, with Stage II infilling Stage I drilling to bring it to resource status.
Leadingham Prospect
At East Leadingham the drilling completed the diamond tails required to be completed from Stage I and followed up on strike extensions of the strong Emily mineralisation to the south-east.
DRILLING AT THE TREGOORA AND WHUMBAL WEST TUNGSTEN PROSPECTS
The Stage 2 drilling programme at the Tregoora Gold Project and drilling at the Whumbal West Tungsten Prospect have been completed with results expected over the next few weeks.
Upon completion of the transaction with Mr Noel Adam, further drilling will take place at the Tregoora Project in 2008 to drill the mining leases acquired from Mr Adam in that area.
Contact
John Kelly
Managing Director
Republic Gold Limited
TEL: +61-418-577-759
Tony Nagy
TEL: +61-413-645-126
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