Republic Gold Limited Stock Market Press Releases and Company Profile
Republic Gold Limited (ASX:RAU) Quarterly Activities Report For June 2009
Republic Gold Limited (ASX:RAU) Quarterly Activities Report For June 2009

Brisbane, Aug 4, 2009 AEST (ABN Newswire) - The board of Republic Gold Limited (ASX:RAU) present their Activities Report for the June 2009 Quarter.

HIGHLIGHTS

BOLIVIA - Amayapampa Gold Project

Bolivia's Vice Minister of Mining, Sn Eugenio Mendoza, is providing the Company with significant assistance to finalise the socialisation process at Amayapampa. The Company has consulted with five of the seven villages required to be consulted by the Government.

The surface sampling programme continues, with the programme being extended significantly over that initially envisaged.

Work on the Bankable Feasibility Study for the Project is progressing.

QUEENSLAND - Hodgkinson Basin Projects

A 5% Mineral Resource upgrade at the FNQ Projects means that 72% of these resources are in the measured and indicated categories.

Costeaning at Terrace Creek returned very high grade results of 11m @ 12.97 g/t Au in costean FNC001; 15m @ 5.47 g/t Au, including 5m @ 13.66 g/t Au in FNC002 and 17m @ 2.72 g/t Au, including 4m at 7.82 g/t Au, in FNC003.

2009 field season drilling commenced and will focus on the very significant grades and widths encountered at Terrace Creek & on metallurgical sampling.

The Company's total Mineral Resources base, including Amayapampa, is now 1,603,000 ounces of gold plus 8,000 tonnes of antimony.

Native Title negotiations significantly advanced.

NSW - Burraga Polymetallic Project

The Company's Structural Geology consultant, Dr Steve King, visited Burraga to follow up recent reinterpretations and assist in defining mineralisation controls in the expanded mineralised system.

CORPORATE

Placement and heavily oversubscribed underwritten Rights Issue raises A$4.89M. Directors and interests associated with directors, subscribed A$377,000 to the Rights Issue.

Transaction agreed that will see considerable value generated for the Company's small investment in Callabonna Uranium Ltd by vending this company into an existing ASX-listed company, MKY Resources.

Mr Paul Pyke appointed as the Company's Project Development Manager employed to push the Amayapampa & FNQ Bankable Feasibility Studies to completion.

Cash at the end of the Quarter was A$4.78M.

APPOINTMENT OF NEW KEY MANAGER

The Company has appointed Mr Paul Pyke as its Project Development Manager. This is a new role with Mr Pyke's prime responsibility being to lead the completion of the two Bankable Feasibility Studies and get the FNQ and Amayapampa Gold Projects into production. My Pyke is a metallurgist with over 30 years of operational experience, having worked alongside the Company's two technical directors and Chairman at the Fosterville Gold Project in Central Victoria for many years. Mr Pyke will work with the Company's Technical Director, Mr Neb Zurkic, in pushing the two Bankable Feasibility Studies to finalisation. Mr Pyke has extensive gold processing experience involving heap leaching, bacterial oxidation, gravity, CIP/CIL and treatment plant design, construction and commissioning. This skill set is perfect for the Company's two projects, with the FNQ Project requiring skills in heap leaching, CIP/CIL and bacterial oxidation and the Amayapampa Project requiring skills in gravity recovery of gold and CIP/CIL. Obviously both projects will need Mr Pyke's treatment plant design, construction and commissioning skills. Also, Mr Pyke's recent PNG experience in the training and transfer of technical skills to indigenous personnel fits well with the location and status of the Company's current projects. Mr Pyke brings to ten the number of senior staff, directors or consultants of the Company that formed the core of the successful Perseverance team in Victoria.

For the complete Republic Gold Quarterly Activities Report for June 2009, please click the link below:

http://www.abnnewswire.net/media/en/docs/61193-ASX-RAU-321332.pdf

Contact

John Kelly
Managing Director
Tel: +61-418-577-759



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