(AEGGN) Gallery Gold confident of new reserves at MupaneSydney -...

(AEGGN) Gallery Gold confident of new reserves at Mupane
Sydney - Tuesday - November 16: (RWE Australian Business News) -
Gallery Gold Ltd expected to make significant progress in establishing
new gold reserves for the Mupane project in Botswana during the current
year, chairman Mr John Shaw told the annual meeting in Perth today.
"I am confident that the exploration programs on the Tati
greenstone belt in Botswana will significantly increase the life and
value of the operation," he said.
"I am equally confident that we will commission a detailed
feasibility study of the Buckreef-Rwamagaza project in Tanzania."
Mr Shaw pointed out Gallery's share price has doubled in the
past six months and its market capitalisation had passed the $200
million mark.
"These changes reflect a growing market acceptance of Gallery's
plans and potential.
"We have been working to raise the company's profile and
articulate a very exciting, but achievable, vision for the future."
Shares in Gallery Gold closed down 1.5c to 44.5c today.
ENDS
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