ann: new gold intercepts

Sydney - Thursday - March 30: (RWE Australian Business News) -
Allied Gold Ltd (ASX code: ALD) reports significant gold intercepts have
been returned from drilling at the Pigiput area and to the west and east
of the Sorowar oxide gold deposit on Simberi Island.
These include -
Sorowar Area:
* 80m at 2.72g/t gold from 26m in RC1193;
* 44m at 1.17g/t gold from 12m in RC1189; and
* 18m at 1.25g/t gold from 31m in RC1192.
Pigiput Area:
* 31m at 1.20g/t gold from 19m, 20m at 1.65g/t gold from 65m,
6m at 10.5g/t gold from 101m and 11m at 2.03g/t gold from 155m (ending
in mineralisation above the geophysical target) in RC 1195/1195DD.
Drilling programs are ongoing with recent activity focusing on
testing geophysical targets in the Samat area prior to mobilising the
equipment for oxide drilling at Sorowar and Bekou.
The company also reported surface sampling highlights -
Sorowar East Area:
* 15m bench sampling averaged 2.8g/t gold with a maximum value
of 4.1g/t gold; and
* 60m trench sampling averaged 1.5g/t gold including 25m at
2.6g/t gold.
Monun Creek Gorge:
* Continuous rock chip sampling averaged 3.1g/t gold over 55m,
including 6.2g/t gold over 25m with a maximum value of 18.2g/t gold.
Shares in Allied Gold rose 0.5c to 46c yesterday.