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NEW COPPER AND HIGH
GRADE GOLD DISCOVERY AT
MASAPELID
Lindian Resources Limited (“Lindian”) is extremely pleased to announce that the
Company has received assay results for drill holes BMS-007a and BMS-007b
completed on a new target at the Sabang Prospect on the southern portion of the
Masapelid Project in the Philippines (Figures 1, 2 and 3).
HIGHLIGHTS
SABANG PROSPECT
Significant results from hole BMS-007b (Figure 4):
385.10 metres from 20.00 metres at 0.79g/t gold, 6.54g/t silver and
0.32% copper.
INCLUDING:
SUPERGENE COPPER-SILVER-GOLD ZONE:
? 76.00 metres from 20.00 metres at 0.25g/t gold, 17.55g/t silver
and 0.78% copper.
GOLD-SILVER±COPPER ZONE:
? 2.00 metres from 103.00 metres at 35.48g/t gold, 34.40g/t silver
and 0.14% copper, including:
1.00 metre from 104.00 metres at 68.96g/t gold,
43.20g/t silver and 0.11% copper.
? 2.00 metres from 275.00 metres at 11.04g/t gold, 5.90g/t silver
and 0.20% copper.
? 8.00 metres from 372.00 metres at 11.23g/t gold, 5.89g/t silver
and 0.29% copper, including:
3.00 metres from 372.00 metres at 27.89g/t gold,
12.67g/t silver and 0.58% copper.
? 5.00 metres from 389.00 metres at 3.34g/t gold, 2.48g/t silver
and 0.33% copper, including:
1.00 metre from 391.00 metres at 10.65g/t gold, 5.90g/t
silver and 0.58% copper.
LINDIAN RESOURCES LIMITED
Significant results from hole BMS-007a (Figure 4):
44.40 metres from 0.60 metres at 0.35g/t gold, 26.75g/t silver and
0.40% copper.
INCLUDING:
SUPERGENE COPPER-SILVER-GOLD ZONE:
? 24.00 metres from 21.00 metres at 0.59g/t gold, 44.91g/t silver
and 0.71% copper, including:
10.00 metres from 35.00 metres at 1.35g/t gold, 61.56g/t
silver and 1.12% copper.
BMS-007a was terminated at 45.00 metres depth due to core loss issues in the
final interval in that hole. BMS-007a was terminated in mineralisation.
Drill hole BMS-007b was terminated at 405.10 metres due to mechanical issues
with the drilling rig.
Complete intersections for BMS-007a and BMS-007b are provided in Table 1.
Further significant results from hole BMS-007b (Figure 4) include:
GOLD-SILVER±COPPER ZONE:
? 14.00 metres from 122.00 metres at 1.24g/t gold, 12.94g/t silver
and 0.41% copper.
? 11.00 metres from 164.00 metres at 0.59g/t gold, 6.26g/t silver
and 0.10% copper.
? 9.00 metres from 194.00 metres at 0.68g/t gold, 14.30g/t silver
and 0.18% copper.
? 1.00 metre from 216.00 metres at 4.78g/t gold, 27.80g/t silver
and 1.62% copper.
? 7.00 metres from 226.00 metres at 1.73g/t gold, 9.81g/t silver
and 1.06% copper.
? 2.00 metres from 247.00 metres at 1.20g/t gold, 3.10g/t silver
and 0.11% copper.
? 1.00 metre from 259.00 metres at 1.14g/t gold, 3.60g/t silver and
0.24% copper.
? 2.00 metres from 247.00 metres at 1.20g/t gold, 3.10g/t silver
and 0.11% copper.
LINDIAN RESOURCES LIMITED
SABANG PROSPECT
Exploration drilling on a new target zone 300-400 metres to the south of Sabang
Hill has intersected highly significant near surface supergene copper-silver-gold
overlying an extensive zone of banded or layered, gold-silver±copper
mineralisation.
Supergene copper-silver-gold mineralisation in hole BMS-007b is evident in the
interval between 20-96 metres down hole depth. This interpreted sub-horizontal
supergene zone lies beneath a depletion zone extending from surface to
approximately 20 metres.
Beneath the supergene zone is an extensive interval of banded or layered goldsilver±
copper mineralisation. In this zone, gold and silver mineralisation is
generally dominant. In some cases, spectacular high grade gold mineralisation
has been intersected associated with high grade silver and variable copper
grades.
The geometry, orientation and lateral extent of the gold-silver±copper
mineralisation is uncertain as yet. Assay results from neighbouring holes BMS-
008 and BMS-009 will be needed to obtain a better understanding of the
significance of the intersections obtained in BMS-007a and BMS-007b.
The company is intending to re-enter BMS-007b and extend that hole further.
Hole BMS-008, which was terminated due to drill rig mechanical problems will
be re-entered and extended to provide information at depth on the possible lateral
extent of mineralisation encountered in BMS-007b.
Holes are also now planned to be drilled on new section lines 50 metres to the
northwest and southeast of the BMS-007a, BMS-007b, BMS-008, BMS-009
section. Drilling on these section lines is intended to provide an understanding of
the potential strike extension of mineralisation from BMS-007a and BMS-007b.
Initial drilling of this new target at Sabang has returned extremely encouraging
results that the Company considers to be highly significant.
The Company looks forward to providing the further updates on this exciting