excellent moly reprt just out

ZGM 2008/25 – DIAMOND DRILLING EXTENDS ANTHONY MOLYBDENUM DISCOVERY
Zamia Gold Mines Limited (ZGM) has received assays from the first three holes of its initial diamond drilling
program and these confirm that the Anthony molybdenum discovery (north of Clermont in central Queensland) is
larger and deeper than identified in the first 13 hole Reverse Circulation (RC) program.
• To date three holes (A14 to A16) have been completed at an angle of -60 degrees to a depth of 300m
(approx 250m vertical). Molybdenum (Mo) mineralisation is present within and at the end of each hole.
The fourth hole, A17, is currently being drilled to the north of the western high grade zone. The locations
and directions of these first four diamond holes, which are outside the zone of previous drilling, are
shown in figure 1.
• A summary of the assay results to date is in table 1 and include:
o DD08A016 (A16) is located 100m east of the western high grade mineralisation. Results for the
first 210m are available and include 710ppm Mo from 44 to 66m including a 2m intersection at
1495ppm (0.1495%) Mo in the weathered zone; 8m at 657ppm Mo, 14m at 625ppm Mo and 8m
at 673ppm (including 2m at 1110ppm) Mo in the sulphide zone.
o DD08A015 (A15) is located in an area east of the Gregory Development Road which had not
been drilled previously. Results included 12m of 682ppm Mo, 24m of 542ppm Mo, (including 3m
of 2070ppm Mo) and 3m of 2230ppm Mo in the sulphide zone.
o DD08A014 (A14), also located in an area east of the Gregory Development Road, contained
significant intersections above 350ppm Mo including 3m at 892 Mo in the sulphide zone.
• A follow-up assay of the bottom metre (149-150m) of the previously reported anomalous silver and lead
in RC08A009 (A9) indicated significant values of 96.6g/t of silver, 0.6 g/t gold, 2.0% lead and 0.15%
copper. It is proposed to put a diamond tail on this hole to determine if this section is the beginning of a
significant precious and base metals zone surrounding the molybdenum mineralisation.
• The current diamond drill program will also twin vertical hole DD08A012 (A12) in the high grade western
zone to confirm the mineralisation and extend it to a vertical depth of 300m. Diamond tails may also be
added to 1994 RC percussion holes (DBT 22 and DBT 23) drilled by CRAE. These holes are located
west of the western high grade zone.
• It is expected that this round of drilling will not only extend the known mineralised zone but also assist in
setting targets for a major RC percussion drilling program later in 2008.