BLOODSTONE GOLD PROSPECT EXTENDED HIGHLIGHTS Northeast extension of the quartz veined interval with visible gold defined at Bloodstone: ? 4m @2.2 g/t Au in RWAC0214, ? 4m @3.0 g/t Au in RWAC0216, ? 4m @0.8 g/t Au in RWAC0218, Rubianna Resources Limited (ASX: RRE) is pleased to announce further gold results returned from the recent Aircore drill programme at the Bloodstone Project within its 100% owned Murchison tenements located in the highly prospective Peak Hill Mining District of Western Australia (Figure 1). Previous drilling by RRE at Bloodstone returned gold results of up to 8m @ 28 g/t in RWAC00251 and 4m @ 16 g/t Au in RWAC02152. The recently completed drill programme (Phase 1) consisted of seven (7) holes for 309m of AC drilling and has extended the NE boundary of the Bloodstone mineralisation (Figure 1). Results from 4m composite samples returned gold values of 4m @ 2.2 g/t in RWAC0214, 4m @ 3 g/t in RWAC0216 and 4m @ 0.8 g/t in RWAC0218. Gold bearing quartz veining continued at the bottom of holes RWAC015, RWAC016 and RWAC018, but could not be pursued with the available drill rig and mineralisation remains open. As the remaining holes in the NE of this programme were unable to penetrate to target depths the potential of this system has not yet been fully tested and mineralisation remains open. The second part (Phase 2) of the drill programme will consist of twelve holes for approximately 1000m of RC drilling to define the western and down-dip extensions of the Bloodstone mineralisation (Figures 1 & 2). This programme constitutes 50% of the Exploration Incentive Programme (EIP) grant awarded to RRE by the Western Australian Government last year3. Drilling is currently scheduled to commence early February 2012. Assays would be expected within three to four weeks from completion of drilling. Rubianna’s General Manager, Dr Steve Batty, said “following confirmation that high-grade gold is present and the strike extent remains open within the Bloodstone prospect, the next phase of the drill programme will be an exciting step to investigate the high-grade potential at depth”. Bloodstone drill collar details for the historic and more recent RRE drilling along with significant intersections are tabulated below. ENDS
RRE Price at posting:
15.0¢ Sentiment: None Disclosure: Held
