Paradigm Gold Ltd ABN 28 102 747 133 Suite 202, 122 Walker Street, North Sydney, AUSTRALIA 2060 Ph: +61 (2) 9955-7130 Fax: +61 (2) 8920-3576 E-mail: [email protected] 8 February, 2005 Companies Announcements Office, Australian Stock Exchange Ltd, Sydney Drilling to restart at Lighthouse Gully, Cracow Qld A geophysical gravity survey, just completed, has identified several gravity anomalies at the Lighthouse Gully copper-gold prospect (EPM13878), 30km south of Newcrest’s Cracow gold mine in Queensland. One gravity anomaly lies immediately to the south of Paradigm drill hole LGP006 containing low-grade pervasive porphyry-style gold-copper mineralisation (48m @ 0.1g/tAu, 320ppm Cu from 98m and open at depth). Mineralisation in this hole is associated with silicification, an alteration which hardens the rocks making them more resistant to erosion. Such alteration may be the cause of this gravity anomaly and this, with the shallow overburden, makes the area a strong drilling target. This gravity anomaly occurs over an area of about 2 sq km. Percussion drilling on a wide-spaced grid is planned from 16 February 2005. More information is available at the Company’s website at www.paradigmgold.com.au Yours faithfully, GRAHAM D CARMAN, PhD., Member AUSIMM Managing Director ____________________________________________________________________ The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Graham Carman who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Carman is a full-time employee of the Company. Mr Carman has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Graham Carman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. __________________________________________________________________________________
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