ALLIED INCREASES SIMBERI OXIDE GOLD RESOURCE BY A FURTHER 204,000 OUNCES HIGHLIGHTS
ƒnAllied Gold Limited is pleased to announce further continued exploration success at the Simberi Gold Project.
ƒnAn additional 204,000 ounces in oxide gold resources at the Pigiput Ridge has been defined including new discoveries at Pigiput East. (This follows on from the recently announced Resource expansion at Sorowar dated 24/10/08).
The mineralisation remains open.
ƒnThis additional 204,000 ounces now brings the total Simberi gold resources including Inferred, Indicated, and Measured for all material types to approximately 3.2 million ounces, an increase of 815,000 ounces for the year.
ƒnA new reserve upgrade of the Pigiput & Sorowar oxide resources is due by first quarter of 2009.
ALD Price at posting:
$1.68 Sentiment: LT Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)