38% INCREASE IN ALDISS-RANDALLS GOLD RESOURCES TO 1.6 MILLION OUNCES MAIDEN 250,000oz RESOURCE FOR SALT CREEK GOLD DISCOVERY • Consolidated Mineral Resources at the Aldiss-Randalls Gold Project (WA) increased by 450,000 ounces (38%) to 1.6Moz of gold at a grade of 2.8 g/t Au. • Tonnage, grade and contained ounces have all increased significantly. • Major changes include: the addition of an initial Inferred Resources estimate of 2.8 million tonnes at 2.7 g/t for 250,000 ounces of gold covering part of the recent Salt Creek gold discovery, a significant increase in both grade and contained ounces at the Maxwells gold deposit to 2.4 million tonnes at 5.2 g/t for 410,000 ounces of gold, and, the inclusion of an Inferred Resources estimate for the Fingals gold deposit of 2.0 million tonnes at 2.0 g/t for 130,000 ounces of gold. • Feasibility Study on new standalone gold mine development to be completed in second half 2008. • Dismantling and refurbishment of New Celebration mill to commence first quarter 2008 in parallel with exploration targeting 2Moz resource base.
IGR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held