Cypress Discovered

Hi All, 

Following on from discoveries at the Caribbean Zone, Empress, Eastern Contact and the incredibly high grade Old Pirate Northern Extensions (2 metres averaging 413.5g/t gold with 9 metres averaging 100.1g/t gold), Our new discovery - Cypress has delivered an impressive first drill result:

 26m @ 5.53g/t including 7m @ 20.13g/t gold.

What is probably the most exciting news about this discovery is that it is in the contact zone of the porphyry and is almost 1 kilometre along strike from the Caribbean Zone. Does this represent a continuation of the Caribbean Zone and confirm a strike length in excess of 1km? Well we don’t really know yet, but the area between the Caribbean Zone and the Cypress Prospect has never been tested with drilling beneath the oxide. Follow up work has commenced along this zone.  

This latest result is once again testament to the overall quality of the Twin Bonanza Gold Camp. It was just over a year ago that we announced the first holes from this project. Since then we have added a 1.67Moz gold resource at Buccaneer and made these new discoveries pending drilling to resource.

We have only received and reported assay results from around 30% of our drilling so far this year. Therefore, expect a flurry of results over the next few weeks and months. 

Darren Holden

Published: 13th September 2011