Allied Gold Limited is pleased to announce an increase of approximately 611,000 ounces in gold resources at the Sorowar deposit. The mineralisation remains open. ƒnThis additional 611,000 ounces now brings the total Simberi gold resources including Inferred, Indicated, and Measured for all material types to approximately 3 million ounces. ƒnDrilling at Pigiput East has defined a thick mineralised oxide zone that will be subject of a resource estimate to be reported in December 2008. ƒnBarrick Gold, currently undertaking exploration over Tatau and Tabar Islands, has positioned a diamond drill at the Tupinda prospect and will commence drilling next week.
ALD Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held
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