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Friday, September 18, 2009

Republic Gold completes surface sampling at Amayapampa - "outstanding grades"
by Proactive Investors

Republic Gold (ASX: RAU) has received some stunning surface sampling results from its gold project in south western Bolivia.

The surface sampling program at Amayapampa project is nearing completion, with the latest results received.

The best were: 20m @ 36.4 g/t Au, including 5m @ 126.0 g/t Au, 40m @ 3.97 g/t au, including 15m @ 8.93 g/t Au, and 25m @ 2.20 g/t Au and 5m @ 26.8 g/t Au.

Even better, the results would seem to extend the mineralisation pit at Amayapampa, by 180 metres to the north of the current conceptual pit boundary.

Managing director John Kelly said "outstanding grades continue to be revealed on the surface at Amayapampa, with some of these in surface colluvial material."

Kelly said new surface topography work is underway to enable a resource estimate update.

Metallurgical testwork is continuing. A range of oxide and fresh ore samples from Amayapampa are being tested to assess their amenability to Gekko’s Gravity Flotation Intensive Leach (“GFIL”) process.

The testwork program is designed to not only assess the suitability of the Amayapampa ore to this process but, because of the range of ore samples selected will also evaluate any variability in metallurgical performance within the orebody.

Positive results from new gravity metallurgy testwork underway in Australia on ore from the Project is aimed at increasing recoveries and reducing capital and operating costs. Current metallurgical recoveries at 83.8%, could be improved upon by up to 4%.