announcement out, page-3

NEW COMPUTER MODEL FOR BURRAGA PROVIDES MULTIPLE TARGETS FOR
2008 FIELD SEASON DRILLING
The Board of Republic Gold (“Republic” or the “Company”) today announces that the Company’s
technical team has built a computer model for the Burraga Polymetallic Project in Central New
South Wales. The new model provides multiple targets for the 2008 drilling field season with
copper & gold and silver, lead & zinc targets to be drilled.
The model indicates the potential that the Company saw in the project from the 2007 drilling
programme and confirms the potential for a large scale body of mineralisation at Burraga, with
the recent drilling showing that the mineralised strike length is over 2,400 metres. In 2008 the
Company will target the deeper Cadia-style porphyry system that is suggested from work to-date.
Drilling will also target a near surface lead-zinc system indicated by the 2007 drilling and
previously untested.
The modelling has incorporated all the 14 levels of old Lloyd’s underground working, both from
the early 20th Century and from the 1980’s. Drilling data from the Company’s 2007 field season
has been included as well as an extensive drilling database from the 1980’s. Numerous crosscutting
faults have been recognised in the model which indicate the structural complexity of the
mineralised system and provide indications as to where potential blocks of mineralisation may
have been displaced to.
Both the drilling information and the surface geochemistry now indicate a distinct zonation of
metals. The untested lead and zinc mineralisation occurs to the west of the copper and gold
mineralisation. The strike length of the lead and zinc zones are more coherent and extensive
than those of the copper and gold and may be controlled by stratigraphy. All of the historic work
on the project has concentrated on the copper and gold areas. The model has demonstrated the
presence of a number of near surface targets for lead and zinc mineralisation that have not been
targeted previously. The Company’s 2007 drilling distinctly shows up this metal zonation.
The Company is planning on a two-fold drilling strategy for the 2008 field season. A programme
of 3,000 to 5,000 metres of relatively shallow drilling will target the newly recognised lead and
zinc potential and also the known copper and gold areas to attempt to generate a resource at
Burraga. A programme of 2,000 to 3,000 metres will target the deeper, +200 metres, Cadia-style
porphyry potential of the project. A number of very distinct magnetic high features remain
untested and will be tested with this programme.
Republic Gold’s Technical Director, Mr Neb Zurkic said “Having worked for a number of years at
world-class polymetallic projects, I am very pleased with the results of the modelling and the
significant potential of the Burraga Project. I am eagerly awaiting the commencement of this
Stage 2 drilling programme.”