A brilliant announcement. I was thinking to sell on a good...

A brilliant announcement. I was thinking to sell on a good announcement and move some more funds into IGR... But I will be holding my AMX after these results!
I also like the seperate announcement on Vital where AMX own the ground and have farmed out the drilling to Vital.

* JORC compliant inferred resource estimate for the Konkera Gold Prospect of 18.6 Mt at 2.0 g/t gold for 1,194,000 ounces gold (1.0 g/t gold cut-off, 16 g/t gold top-cut).
* High grade component contains 6.0 Mt at 3.2 g/t gold for approximately 612,000 ounces.
* Global resource of 1.54 million ounces at a grade of 1.4 g/t gold (0.5 g/t gold cut-off).
* Mineralisation remains open both at depth and along strike.
* The resource estimate is principally contained within the top 100 metres from surface and further deep drilling will be undertaken in 2010 to extend the mineralisation.
* Konkera is the first of many strong gold anomalies that will be drill tested for goldmineralisation along a 110km long gold-bearing shear zone within the virgin Batie West Gold Province.
* The 1.2 million ounce inferred gold resource comes less than 18 months after acquisition of the Batie West Gold Project at a discovery cost of less than $5 per ounce of gold.

Ampella Mining Limited (ASX: AMX, AMXO) is pleased to announce an initial inferred resource estimate for its Konkera Prospect within the Batie West Gold Project, Burkina Faso, West Africa after only acquiring this virgin project less than 18 months ago. The resource is an interim estimation of gold mineralisation, as Konkera remains open both at depth and along strike. Resource drilling in 2010 will be undertaken to extend known gold mineralisation.

The maiden inferred resource estimate, tabulated below, contains 18.6 Mt at 2.0 g/t gold for 1,194,000 ounces gold (1.0 g/t gold cut-off, 16 g/t gold top-cut). Within this inferred resource is a higher grade zone that contains 6.0 Mt at 3.2 g/t gold for approximately 612,000 ounces of gold (2.0 g/t gold cut-off).

These gold resources are contained within a larger inferred global resource of 1.54 million ounces of gold at a grade of 1.4 g/t gold (Table 1). This resource covers a 3km long portion of a 110km long www.ampella.com.au
gold-bearing shear zone within Ampellas newly identified, virgin Batie West Gold Province.

Since the acquisition of the Batie West tenements 18 months ago, strategically successful exploration programs have resulted in gold discovery costs of less than $5 per ounce, based on the current inferred gold resources.