ASX Announcement Dated 25/03/08
REVISED SIMBERI GOLD PROJECT UPDATE
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“This press release is not for dissemination in the United States and shall not be disseminated to United States news services.”
HIGHLIGHTS
- Approximately 13,140 ounces of gold has been produced at Allied Gold’s 100% owned Simberi Oxide Project, located in the Tabar Island Group Papua New Guinea, from February 1 to March 14. Mill throughput has reached 70% of nameplate capacity, metallurgical recoveries are according to plan and head grades are showing positive reconciliations to the ore reserve model
- Exploration activities on target areas located outside the current mining at Samat indicate extensions of the South Samat deposit. Best results include;
- 8m at 5.51g/t gold from 1m, within a broader 20m at 2.27g/t gold intercept from surface
- 7m at 4.49g/t gold from 1m, within a broader 20m at 1.47g/t gold intercept from surface
- Exploration drilling south east of the current Sorowar deposit continues to define oxide mineralisation outside of the current pit design. Best results include:
- 22m at 1.06 g/t gold from 28m
- 7m at 1.21 g/t gold from 20m
- 24m at 1.41 g/t gold from 24m
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