confirmation of new gold zone at konkera east

Tuesday, December 22, 2009

Ampella Mining shares up after confirmation of new gold zone at Konkera East
by Proactive Investors

Shares in African-focused company Ampella Mining (ASX: AMX) have jumped 4.5% after the company announced the final gold assays from the Phase 3 drill program at its Batie West Gold Project in Burkina Faso, confirming the existence of a new gold zone at Konkera East.

During the afternoon, the company was trading 2.5c higher at 58.5c.

A maiden JORC compliant resource is expected to be released in January 2010.

At Konkera East, a new gold zone has been confirmed with significant intercepts from the Phase 3 drill program intersecting, including 10m at 2.55 g/t gold from 7m in KNRC085, 8m at 2.38 g/t gold from 24m in KNRC069, 3m at 5.82 g/t gold from 86m in KNRC082, 6m at 2.52 g/t gold from 5m in KNRC074, 2m at 9.9 g/t gold from 75m in KNRC086.

Further intercepts from the Phase 3 drill program at the Konkera Prospect just received such as 11m at 5.64 g/t gold from 89m in KNRC195 including 2m at 16.90 g/t from 95m, 12m at 2.65 g/t gold from 98 in KNRC189, 8m at 2.59 g/t gold from 14m in KNRC184.

Chief executive Paul Kitto said the phase 3 drill results confirm the presence of a new gold zone at Konkera East and continue to highlight the fact that gold mineralisation at the Konkera Prospect was continuous over a 3km strike length.

"And providing further evidence that Ampella has uncovered a major new gold province at Batie West," Dr Kitto said.

"Konkera gold mineralization remains open along strike to both the northwest and southeast, and at depth."

All results from Konkera to date have been recorded within 100m of the surface with the grade tending to increase as drilling deepens.

Dr Kitto said Ampella remained on track to release a maiden JORC-compliant resource for Konkera in January 2010.

Planning has commenced for drilling of the next 100m vertical depth at Konkera. A 10,000m drill program is planned to commence in early 2010 at this prospect.

Field programs continue at Batie West with auger geochemistry drilling currently progressing on the main shear zone within the Mabera and Gbingbina Permits, some 20 km north of Konkera.

Ground geophysics has been completed at the Kouglaga Prospect (1.8 km north of Konkera) to assist the next major drill program of 5,000m beginning in mid January where previous drilling returned intersections such as 42m at 3.77 g/t gold over a 1km x 1km gold geochemistry anomaly.