brilliant results for sha

Highlights
Brilliant & HalfWay Hill
Return High Grade Drill Results
SHANNON
Resources Ltd
1 www.shannonresources.com
High grade drilling results
at HalfWay Hill
and Brilliant Prospects
ASX Code SHA
Berlin Code JT 8
Prices at 17th April 2007
Gold price US$688/oz
Shannon Resources Shares AU$0.95
High grade gold drilling results from HalfWay Hill - Brilliant Prospects (tenements
within Shannon Resources’ Kurnalpi Project) with a lower cut-off of 0.5g/t and 1
metre of internal dilution are shown in Table A and B and are highlighted by the
following intersections (collars shown in Table C):
SRRC62 15 metres @ 3.2g/t Au
SRRC71 60 metres @ 2.98g/t Au
SRRC73 21 metres @ 1.85g/t Au
SRRC79 11 metres @ 2.53g/t Au
SRRC81 12 metres @ 2.43g/t Au

Australian gold and nickel exploration company Shannon Resources advises of the
successful completion of a 36 hole R.C. drilling programme for 4245 metres and one
Diamond drill hole at its Kurnalpi Project, approximately 90 kilometres north east of
Kalgoorlie in Western Australia. The drill programme was designed to test the continuity of
two main mineralised structures and to identify targets to find a commercial orebody.
The Kurnalpi Project adjoining tenements cover an estimated 165 square kilometres (Refer:
Figure 1) with the overall area transected by mineralised structures of extreme importance
to mineral exploration. The area is also dominated by equally important mineralised host
rocks of ultramafic, mafic, mafic intrusive and sedimentary origins which when coupled
with the mineralised structures has generated numerous significant drilling targets for
mineral resources.
Exploration by Shannon Resources is continuing to revisit the numerous targets generated
by previous owners in this amazing mineralised area and to evaluate the areas where
Prospectors have found gold nugget mineralisation. Such areas exist in four main north
northwest corridors which exhibit intense shearing and faulting. Within these sheared
corridors two exceptional gold targets have been located so far - at the Brilliant Prospect –
a 4km long structure; and HalfWay Hill Prospect – a 5km long structure (Refer: Figure 2).
Very significant assay results and widths continue to be reported from the Brilliant
Prospect (Refer: Table A – SRRC 68-85) and first pass results from HalfWay Hill are very
encouraging (Refer: Table B – SRRC 55-63). Diamond drill hole SRD1 located at the
Brilliant Prospect has returned spectacular quartz - sulphide mineralised core in strongly
carbonated dolerite to a depth of approximately 130 vertical metres. Assay results for the
half core are pending. Results and geology from percussion drilling indicates that oxidized
mineralization occurs to a vertical depth of 70 metres.
Targets showing anomalous 4 metre gold results include the Dazzle Prospect and
Discovery Hill Prospect (Refer: Figure 2) where the initial drilling programme is still
continuing. Other significant targets still remain untested and the potential for gold
mineralisation and the development of significant gold resources on the Shannon
Resources tenements at Kurnalpi is really unparalleled at present in the Eastern Goldfields.