widespread gold mineralisation discovered at north

Cortona Resources ("CRC") have announced some pretty good RC drilling results this morning before market open at North Monger (near Kalg goldbelt).

Here it is......

TopSpec, don't even bother replying or contemplate reading any further you parasIte!

6th November 2006

Widespread Gold Mineralisation Discovered at North Monger
Cortona Resources (ASX: CRC, CRCO) is pleased to announce that highgrade gold mineralisation has been discovered over a large area at the Wombola Dam prospect. Assay results received from the recent drilling
include:

4m @ 26.3g/t Au from 24m
1m @ 26.2g/t Au from 39m
2m @ 21.2g/t Au from 28m
2m @ 10.4g/t Au from 24m
3m @ 9.03g/t Au from 22m

Additional highlights from this drilling include:

Gold mineralisation has been intersected over an area of 250m x 200m and is still open.

Mineralisation is shallow, generally ranging from surface to ~50 metres.

Continuity of mineralisation appears robust enough to enable an initial resource estimate to be made.

The prospect remains open to the east and south. Further drilling to follow shortly.

Gold assays have now been received for 45 Reverse Circulation (RC) drill holes at the Wombola Dam Prospect (Figures 1 & 2). The results build on those announced in July of this year, (which included 2m @ 16.9g/t, 3m @
16.4g/t, and 6m @ 3.4g/t). Gold mineralisation has now been intersected over an area of ~250m x 200m at depths ranging from surface to ~50 vertical metres. Better results from the current program are detailed in Table 1.
Gold is hosted by numerous steeply dipping
quartz-carbonate veins within the granophyric portion of a differentiated dolerite. The veining is associated with
pervasive carbonate-pyrite alteration, with biotite alteration developed closer to the veins.

Cortona believes that there is enough continuity in this mineralisation to commission an initial resource estimate, and is increasingly confident that the prospect can add to the Company’s current resource inventory of 304,000t @ 2.7g/t for 26,800oz of gold already defined at the nearby Wombola Pit.

Table 1: RC DRILL RESULTS, NOVEMBER 2006 – WOMBOLA DAM PROSPECT

The drilling at Wombola Dam constitutes a significant part of the October-November RC drilling program at North Monger. The Company is awaiting results from the Wombola Pit, Hammer & Tap and Hoffmann prospects, which will be announced in due course.

Hole_ID Easting Northing Dip Azimuth
Total Depth (m) From (m) To(m)Interval(m) Gold (g/t)

WDC045 387713 6569335 -55 135 60 17 19 2 3.83
and 27 30 3 2.26
WDC049 387703 6569385 -55 135 35 15 17 2 8.20
and 25 26 1 5.90
and 30 31 1 6.40
WDC050 387686 6569394 -55 135 60 19 20 1 5.58
and 27 28 2 8.53
WDC052 35 36 1 7.30
WDC053 387711 6569418 -55 135 40 18 19 1 8.51
WDC054 387693 6569432 -55 135 60 39 40 1 26.2
WDC056 387658 6569473 -55 135 60 27 29 2 21.2
WDC057 387638 6569502 -55 135 60 23 25 2 5.78
and 54 55 1 6.60
and 56 58 2 3.40
WDC058 387624 6569502 -55 135 60 22 25 3 9.03
WDC060 47 48 1 5.63
WDC062 387540 6569525 -55 135 60 8 10 2 2.60
and 31 33 2 3.40
WDC063 387650 6569361 -55 135 60 7 9 2 10.4
and 18 20 2 6.41
WDC064 387629 6569378 -55 135 60 30 31 1 8.13
and 56 57 1 8.44
WDC065 387614 6569399 -55 135 60 28 30 2 8.13
WDC066 387600 6569419 -55 135 60 27 29 2 8.20
WDC067 387600 6569417 -55 135 60 21 23 2 4.10
WDC068 387583 6569434 -55 135 60 24 28 4 26.3
WDC069 387616 6569364 -55 135 60 8 12 4* 3.13
and 32 36 4* 10.0
WDC070 387579 6569404 -55 135 60 24 28 4* 1.20
and 32 36 4* 2.03
WDC073 387506 6569400 -55 135 60 0 4 4* 2.58
WDC076 387483 6569489 -55 135 60 28 32 4* 2.33
WDC080 387682 6569541 -55 135 60 4 8 4* 9.01
WDC083 387624 6569588 -55 135 60 20 28 8* 3.55
WDC086 387584 6569455 -55 135 60 28 32 4* 3.70
WDC087 387573 6569473 -55 135 60 24 28 4* 3.44

Cortona will immediately commission an independent assessment of the Wombola Dam drilling results and the prospect’s resource potential. The Company will conduct an internal review of the newly acquired data, and further drilling will be planned for the earliest achievable time.

Managing Director Peter van der Borgh said “These are great results which bring us closer to achieving our goal of generating revenue. Since listing on the ASX in March we have completed over 11,000m of RC drilling, a RAB drilling program, and several mapping and rock chipping programs. We are a small team, and this success reflects the Board’s genuine intent and commitment to explore this exciting project, and a great deal of hard work by our Project Manager in Kalgoorlie”.


Yours Faithfully
Peter van der Borgh
Managing Director