SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
Commission File Number: 000-19182
For the month of: May 2005
| ALLIED GOLD LIMITED |
| (Translation of registrant’s name into English) |
| Unit 15, Level 1, 51-53 Kewdale Road, Welshpool, W.A. 6106 Australia |
| (Address of principal executive offices) |
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F
| Form 20-F | X | Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
| Yes | No | X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
| Yes | No | X |
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.
| Yes | No | X |
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b) 82 —
-1-
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ALLIED GOLD LIMITED (Registrant) |
| Date: November 15, 2005 | By: /s/ David Lymburn David Lymburn Corporate Secretary |
-2-
25 May 2005
Company Announcements Office
Australian
Stock Exchange Ltd
ASX Release
“This press release is not for dissemination in the United States and shall not be disseminated to United States news services.”
Dear Sir/Madam,
FURTHER EXTENSIONS TO THE SOROWAR GOLD DEPOSIT
CONFIRMED BY OUTSTANDING PHASE 3 DRILLING RESULTS
HIGHLIGHTS
Additional high-grade surface and near-surface oxide gold intersections outside of the previously designed pit have been discovered during the Phase 3 drilling programme at the Sorowar gold deposit. Results include;
| • | Sorowar North-east Region |
| 10m at 3.59g/t gold from 60m in RC 1104 10m at 9.47g/t gold from 29m in RC 1107 9m at 8.84g/t gold from surface in RC 1110 6m at 4.45g/t goldfrom 54m in RC 1111 25m at 3.14g/t gold from 1m in RC 1114 31m at 3.06g/t gold from surface in RC 1115 9m at 4.28g/t gold from 4m in RC 1118 9m at 3.67g/t gold from 21m and32m at 2.82g/t gold from 42m in RC 1120 15m at 3.62g/t gold from 36mand15m at 3.51g/t gold from 54m in RC1121 8m at 4.65g/t goldfrom 52m in RC 1133 |
| • | Sorowar North-west Region |
| 18m at 2.91g/t gold from 22m in RC 988 12m at 2.36g/t gold from surface in RC 990 17m at 7.04g/t gold from 32m in RC 1000 10m at 3.16g/t gold from 88m in RC 1102 |
| • | Sorowar West Region |
| 42m at 6.44g/t gold from 64m in RC 1138 |
Phase 3 Drilling Programme
RC drilling designed to infill and test for mineralised extensions below and on the north-eastern, north-western and western flanks of the previously designed (2003 Feasibility Study) Sorowar oxide gold pit has now been completed and all assay results received.
Sixty eight drillholes for 5,657 metres were completed in the Phase 3 programme.
Sorowar North-east Region
Thirty two infill and extension drillholes were completed at distances of up to 100 metres to the north-east of the proposed pit boundary(refer to drillhole location plan attached).
The drilling programme was highly successful in confirming the presence of broad areas of disseminated oxide mineralisation >0.5g/t gold in 31 of the 32 drillholes completed. Of particular significance were numerous wide, high-grade surface and near surface oxide gold intersections which were recorded below and to the east of the proposed pit boundary.
In common with mineralised intercepts previously reported from the southern portion of the Sorowar deposit, this mineralisation is expected to underpin increased oxide gold resources and increased production of gold when confirmed by pit re-optimisation studies.
The most significant results from the Sorowar North-east Region are detailed below;
| SOROWAR NORTH-EAST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| RC1104 | 1,490 | 280 | -60° /090° | 0 | 100 | 100 | 0.73 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 1 | 1 | 3.08 | Ox | ||||||||||||||
| incl. | 6 | 15 | 9 | 1.47 | Ox | ||||||||||||||
| incl. | 19 | 26 | 7 | 1.45 | Ox | ||||||||||||||
| incl. | 60 | 70 | 10 | 3.59 | Ox | ||||||||||||||
| incl. | 79 | 80 | 1 | 1.94 | Ox | ||||||||||||||
| RC1106 | 1,510 | 305 | -60°/090° | 0 | 60 | 60 | 0.75 | Ox, Tr, Su | |||||||||||
| incl. | 9 | 23 | 14 | 2.79 | Ox | ||||||||||||||
| incl. | 43 | 44 | 1 | 1.20 | Su | ||||||||||||||
| RC1107 | 1,470 | 320 | -60°/090° | 0 | 70 | 70 | 1.57 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 4 | 4 | 0.98 | Ox | ||||||||||||||
| incl. | 29 | 39 | 10 | 9.47 | Ox | ||||||||||||||
| incl. | 44 | 46 | 2 | 2.99 | Ox | ||||||||||||||
| RC1108 | 1,530 | 315 | -60°/090° | 0 | 80 | 80 | 0.50 | Ox, Tr, Su | |||||||||||
| incl. | 8 | 23 | 15 | 1.28 | Ox | ||||||||||||||
| incl. | 58 | 64 | 6 | 0.86 | Ox | ||||||||||||||
| incl. | 69 | 70 | 1 | 1.24 | Ox | ||||||||||||||
| RC1109 | 1,550 | 330 | -60°/090° | 0 | 88 | 88 | 0.24 | Ox, Tr, Su | |||||||||||
| incl. | 38 | 44 | 6 | 2.05 | Ox, Tr, Su | ||||||||||||||
| RC1110 | 1,590 | 330 | -60°/090° | 0 | 90 | 90 | 1.09 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 9 | 9 | 8.84 | Ox | ||||||||||||||
| incl. | 13 | 22 | 9 | 1.37 | Ox | ||||||||||||||
| RC1111 | 1,690 | 435 | -60°/090° | 0 | 100 | 100 | 0.38 | Ox, Tr, Su | |||||||||||
| SOROWAR NORTH-EAST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| incl. | 54 | 60 | 6 | 4.45 | Ox | ||||||||||||||
| RC1112 | 1,790 | 350 | -60°/090° | 0 | 100 | 100 | 1.29 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 1 | 1 | 1.72 | Ox | ||||||||||||||
| incl. | 17 | 27 | 10 | 1.91 | Ox | ||||||||||||||
| incl. | 32 | 80 | 48 | 2.16 | Ox, Tr, Su | ||||||||||||||
| RC1113 | 1,750 | 375 | -60°/090° | 0 | 100 | 100 | 0.97 | Ox, Tr | |||||||||||
| incl. | 0 | 11 | 11 | 2.70 | Ox | ||||||||||||||
| incl. | 16 | 21 | 5 | 1.59 | Ox | ||||||||||||||
| incl. | 39 | 62 | 23 | 1.01 | Ox | ||||||||||||||
| incl. | 72 | 84 | 12 | 2.37 | Ox, Tr | ||||||||||||||
| RC1114 | 1,710 | 410 | -60°/090° | 0 | 80 | 80 | 1.30 | Ox, Tr | |||||||||||
| incl. | 1 | 26 | 25 | 3.14 | Ox | ||||||||||||||
| RC1115 | 1,650 | 400 | -60°/090° | 0 | 120 | 120 | 1.33 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 31 | 31 | 3.06 | Ox | ||||||||||||||
| incl. | 39 | 41 | 2 | 1.27 | Ox | ||||||||||||||
| incl. | 49 | 83 | 34 | 1.63 | Ox | ||||||||||||||
| RC1116 | 1,630 | 370 | -60°/090° | 0 | 60 | 60 | 0.76 | Ox, Tr, Su | |||||||||||
| incl. | 45 | 60 | 15 | 2.54 | Ox | ||||||||||||||
| RC1117 | 1,670 | 475 | -60°/270° | 0 | 80 | 80 | 0.46 | Ox, Tr, Su | |||||||||||
| incl. | 14 | 23 | 9 | 1.79 | Ox | ||||||||||||||
| incl. | 42 | 44 | 2 | 5.93 | Ox | ||||||||||||||
| RC1118 | 1,670 | 525 | -60°/270° | 0 | 80 | 80 | 0.73 | Ox, Tr, Su | |||||||||||
| incl. | 4 | 13 | 9 | 4.28 | Ox | ||||||||||||||
| incl. | 20 | 27 | 7 | 1.20 | Ox | ||||||||||||||
| RC1120 | 1,630 | 405 | -60°/090° | 0 | 100 | 100 | 1.71 | Ox | |||||||||||
| incl. | 21 | 30 | 9 | 3.67 | Ox | ||||||||||||||
| incl. | 42 | 74 | 32 | 2.82 | Ox | ||||||||||||||
| incl. | 77 | 78 | 1 | 1.02 | Ox | ||||||||||||||
| incl. | 81 | 100 | 19 | 1.90 | Ox | ||||||||||||||
| RC1121 | 1,610 | 375 | -60°/090° | 0 | 80 | 80 | 1.70 | Ox, Tr, Su | |||||||||||
| incl. | 16 | 27 | 11 | 0.94 | Ox, Tr, Su | ||||||||||||||
| incl. | 36 | 51 | 15 | 3.62 | Ox | ||||||||||||||
| incl. | 54 | 69 | 15 | 3.51 | Ox | ||||||||||||||
| incl. | 76 | 80 | 4 | 2.80 | Ox | ||||||||||||||
| RC1124 | 1,420 | 350 | -60°/072° | 0 | 70 | 70 | 0.53 | Ox | |||||||||||
| incl. | 39 | 47 | 8 | 2.73 | Ox | ||||||||||||||
| incl. | 63 | 70 | 7 | 1.05 | Ox | ||||||||||||||
| RC1126 | 1,590 | 395 | -60°/262° | 0 | 70 | 70 | 0.71 | Ox, Tr, Su | |||||||||||
| incl. | 44 | 61 | 17 | 2.36 | Ox | ||||||||||||||
| incl. | 68 | 69 | 1 | 2.98 | Ox | ||||||||||||||
| RC1127 | 1,610 | 405 | -60°/090° | 0 | 80 | 80 | 0.50 | Ox, Tr, Su | |||||||||||
| incl. | 7 | 11 | 4 | 1.13 | Ox | ||||||||||||||
| incl. | 14 | 18 | 4 | 1.89 | Ox | ||||||||||||||
| incl. | 68 | 69 | 1 | 2.24 | Tr | ||||||||||||||
| incl. | 72 | 78 | 6 | 1.62 | Tr, Su | ||||||||||||||
| RC1128 | 1,590 | 445 | -60°/090° | 0 | 80 | 80 | 0.71 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 5 | 5 | 0.91 | Ox | ||||||||||||||
| incl. | 10 | 11 | 1 | 3.50 | Ox | ||||||||||||||
| incl. | 18 | 22 | 4 | 3.27 | Ox | ||||||||||||||
| incl. | 28 | 32 | 4 | 1.65 | Ox | ||||||||||||||
| incl. | 38 | 49 | 11 | 1.26 | Ox | ||||||||||||||
| incl. | 55 | 60 | 5 | 1.41 | Ox, Tr | ||||||||||||||
| RC1129 | 1,590 | 500 | -60°/090° | 0 | 110 | 110 | 0.91 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 28 | 28 | 1.66 | Ox | ||||||||||||||
| incl. | 37 | 60 | 23 | 1.48 | Ox | ||||||||||||||
| incl. | 86 | 88 | 2 | 1.02 | Ox, Tr | ||||||||||||||
| incl. | 102 | 110 | 8 | 1.37 | Ox, Tr | ||||||||||||||
| SOROWAR NORTH-EAST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| RC1132 | 1,570 | 475 | -90°/090° | 0 | 70 | 70 | 0.71 | Ox, Tr, Su | |||||||||||
| incl. | 10 | 18 | 8 | 2.41 | Ox | ||||||||||||||
| incl. | 30 | 36 | 6 | 1.07 | Ox | ||||||||||||||
| incl. | 50 | 51 | 1 | 2.14 | Tr | ||||||||||||||
| incl. | 54 | 57 | 3 | 1.52 | Ox | ||||||||||||||
| incl. | 65 | 68 | 3 | 1.64 | Ox | ||||||||||||||
| RC1133 | 1,550 | 430 | -60°/090° | 0 | 60 | 60 | 0.79 | Ox, Tr, Su | |||||||||||
| incl. | 52 | 60 | 8 | 4.65 | Ox | ||||||||||||||
Note:
Assaying for gold by fire assay (50gm) with AAS finish (ALS Chemex Laboratories – Townsville)
Sorowar mineralisation types are:
| Ox = oxide material – extremely weathered (cyanide leach recovery >90%) Tr = transitional material – distinctly weathered (cyanide leach recovery 50-90%) Su = sulphide material – slightly weathered to fresh (cyanide recovery <50%) |
Sorowar North-west Region
Thirty infill and extension drillholes were completed in the north-west part of the proposed pit(refer to drillhole location plan attached).
This programme was designed to test for the presence of oxide gold mineralisation below and in the vicinity of the irregular western margin of the previously designed pit. As for the North-east Region, this programme was highly successful in confirming the presence of broad areas of disseminated oxide mineralisation with each of the 30 drillholes returning values >0.5g/t gold.
It is expected that forthcoming pit re-optimisation studies will result in significant extensions to the area and depth of the final pit as a result of this drilling programme.
The most significant results from the Sorowar North-west Region are detailed below;
| SOROWAR NORTH-WEST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| RC973 | 1,753 | 119 | -60° /090° | 0 | 78 | 78 | 0.57 | Ox, Tr, Su | |||||||||||
| incl. | 13 | 22 | 9 | 2.26 | Ox | ||||||||||||||
| incl. | 32 | 37 | 5 | 1.06 | Ox | ||||||||||||||
| RC974 | 1,750 | 88 | -60°/090° | 0 | 60 | 60 | 0.81 | Ox | |||||||||||
| incl. | 22 | 59 | 37 | 1.22 | Ox | ||||||||||||||
| incl. | 36 | 48 | 12 | 2.09 | Ox | ||||||||||||||
| RC975 | 1,737 | 105 | -60°/090° | 0 | 60 | 60 | 0.42 | Ox | |||||||||||
| incl. | 16 | 34 | 18 | 0.93 | Ox | ||||||||||||||
| RC976 | 1,733 | 128 | -60°/090° | 0 | 60 | 60 | 0.84 | Ox, Tr, Su | |||||||||||
| incl. | 13 | 23 | 10 | 2.26 | Ox | ||||||||||||||
| incl. | 33 | 50 | 17 | 1.31 | Ox | ||||||||||||||
| RC977 | 1,769 | 106 | -60°/090° | 0 | 60 | 60 | 0.65 | Ox | |||||||||||
| incl. | 12 | 29 | 17 | 1.94 | Ox | ||||||||||||||
| RC978 | 1,789 | 128 | -60°/090° | 0 | 60 | 60 | 0.12 | Ox | |||||||||||
| SOROWAR NORTH-WEST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| incl. | 10 | 14 | 4 | 1.00 | Ox | ||||||||||||||
| RC979 | 1,799 | 143 | -60°/090° | 0 | 40 | 40 | 0.85 | Ox | |||||||||||
| incl. | 1 | 15 | 14 | 1.44 | Ox | ||||||||||||||
| incl. | 23 | 27 | 4 | 2.55 | Ox | ||||||||||||||
| RC980 | 1,819 | 173 | -60° /090° | 0 | 111 | 111 | 0.36 | Ox, Tr, Su | |||||||||||
| incl. | 1 | 4 | 3 | 2.52 | Ox | ||||||||||||||
| incl. | 7 | 9 | 2 | 1.42 | Ox | ||||||||||||||
| incl. | 103 | 111 | 8 | 2.09 | Ox, Tr, Su | ||||||||||||||
| RC981 | 1,855 | 231 | -60°/090° | 0 | 110 | 110 | 0.37 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 22 | 22 | 1.55 | Ox, Tr | ||||||||||||||
| RC982 | 1,811 | 219 | -60°/090° | 0 | 91 | 91 | 0.33 | Ox, Tr, Su | |||||||||||
| incl. | 30 | 35 | 5 | 1.38 | Ox | ||||||||||||||
| incl. | 63 | 69 | 6 | 1.21 | Su | ||||||||||||||
| RC983 | 1,810 | 199 | -60°/090° | 0 | 120 | 120 | 0.41 | Ox, Tr, Su | |||||||||||
| incl. | 80 | 94 | 14 | 2.24 | Ox, Tr, Su | ||||||||||||||
| RC985 | 1,713 | 143 | -60°/090° | 0 | 80 | 80 | 0.41 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 17 | 17 | 1.63 | Ox | ||||||||||||||
| RC986 | 1,791 | 180 | -60°/090° | 0 | 90 | 90 | 0.43 | Ox, Tr, Su | |||||||||||
| incl. | 1 | 12 | 11 | 2.21 | Ox | ||||||||||||||
| incl. | 88 | 89 | 1 | 1.32 | Ox | ||||||||||||||
| RC987 | 1,760 | 286 | -60° /090° | 0 | 80 | 80 | 0.35 | Ox, Tr, Su | |||||||||||
| incl. | 10 | 19 | 9 | 1.52 | Ox | ||||||||||||||
| RC988 | 1,776 | 245 | -60°/090° | 0 | 68 | 68 | 1.01 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 4 | 4 | 2.14 | Ox | ||||||||||||||
| incl. | 22 | 40 | 18 | 2.91 | Ox, Tr, Su | ||||||||||||||
| RC989 | 1,779 | 224 | -60°/090° | 0 | 100 | 100 | 0.70 | Ox, Tr, Su | |||||||||||
| incl. | 37 | 68 | 31 | 1.89 | Ox, Tr, Su | ||||||||||||||
| RC990 | 1,770 | 165 | -60°/090° | 0 | 60 | 60 | 0.58 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 12 | 12 | 2.36 | Ox | ||||||||||||||
| RC991 | 1,579 | 164 | -60°/090° | 0 | 100 | 100 | 0.43 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 5 | 5 | 1.35 | Ox | ||||||||||||||
| incl. | 47 | 48 | 1 | 0.96 | Ox | ||||||||||||||
| incl. | 59 | 62 | 3 | 1.12 | Ox | ||||||||||||||
| incl. | 89 | 100 | 11 | 1.57 | Ox | ||||||||||||||
| RC992 | 1,652 | 175 | -60°/090° | 0 | 90 | 90 | 0.35 | Ox, Tr, Su | |||||||||||
| incl. | 73 | 88 | 15 | 1.73 | Ox, Tr | ||||||||||||||
| RC993 | 1,672 | 171 | -60° /090° | 0 | 105 | 105 | 0.30 | Ox, Tr, Su | |||||||||||
| incl. | 79 | 96 | 17 | 1.27 | Ox, Tr, Su | ||||||||||||||
| incl. | 99 | 100 | 1 | 1.68 | Tr | ||||||||||||||
| RC995 | 1,725 | 175 | -60°/090° | 0 | 100 | 100 | 0.26 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 2 | 2 | 1.70 | Ox | ||||||||||||||
| incl. | 65 | 67 | 2 | 1.00 | Su | ||||||||||||||
| incl. | 84 | 87 | 3 | 1.03 | Tr | ||||||||||||||
| incl. | 94 | 100 | 6 | 1.18 | Ox, Tr, Su | ||||||||||||||
| RC996 | 1,750 | 177 | -60°/090° | 0 | 60 | 60 | 0.27 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 4 | 4 | 1.58 | Ox | ||||||||||||||
| incl. | 55 | 60 | 5 | 1.01 | Ox | ||||||||||||||
| RC997 | 1,764 | 197 | -60°/090° | 0 | 79 | 79 | 0.26 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 5 | 5 | 1.08 | Ox | ||||||||||||||
| RC998 | 1,687 | 175 | -60°/090° | 0 | 100 | 100 | 0.33 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 5 | 5 | 0.90 | Ox | ||||||||||||||
| SOROWAR NORTH-WEST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| incl. | 79 | 89 | 10 | 1.98 | Ox | ||||||||||||||
| RC999 | 1,761 | 220 | -60°/090° | 0 | 70 | 70 | 0.58 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 2 | 2 | 1.02 | Ox | ||||||||||||||
| incl. | 30 | 63 | 33 | 1.01 | Ox | ||||||||||||||
| RC1000 | 1,729 | 208 | -60° /090° | 0 | 60 | 60 | 2.41 | Ox, Tr, Su | |||||||||||
| incl. | 0 | 9 | 9 | 1.18 | Ox | ||||||||||||||
| incl. | 32 | 49 | 17 | 7.04 | Ox | ||||||||||||||
| incl. | 55 | 60 | 5 | 1.50 | Ox | ||||||||||||||
| RC1102 | 1,631 | 194 | -60°/090° | 0 | 150 | 150 | 0.72 | Ox, Tr, Su | |||||||||||
| incl. | 39 | 52 | 13 | 1.96 | Ox, Tr | ||||||||||||||
| incl. | 88 | 98 | 10 | 3.16 | Ox | ||||||||||||||
| incl. | 102 | 118 | 16 | 1.30 | Ox, Tr, Su | ||||||||||||||
| incl. | 125 | 131 | 6 | 1.88 | Tr, Su | ||||||||||||||
| RC1103 | 1,550 | 200 | -60°/090° | 0 | 70 | 70 | 0.47 | Ox, Tr, Su | |||||||||||
| incl. | 3 | 8 | 5 | 1.16 | Ox | ||||||||||||||
| incl. | 57 | 70 | 13 | 1.75 | Ox | ||||||||||||||
Sorowar West Region
Six holes were drilled up to 100 metres to the west of the proposed pit boundary to further interrogate the tenor and extent of a strongly mineralised structure (with subordinate parallel mineralised structures) which was discovered during the Phase 2 drilling programme(refer to drillhole location plan attached).
This west dipping structure is characterised by a deep weathered/oxidised profile and returned significant intersections from Phase 2, viz;
| 37m at 3.15g/t gold from 65m in RC 945 45m at 1.36g/t gold from 21m in RC 946 16m at 1.32g/t gold from 49mand 12m at 2.41g/t gold from 77m in RC 950 11m at 1.56g/t goldfrom 35m, 17m at 1.18g/t gold from 50m and 35m at 3.05g/t gold from 85m in RC 951 35m at 1.86g/t gold from 36mand 9m at 2.33g/t gold from 81m in RC 952 27m at 3.46g/t gold from 33m in RC 965 |
Each of the drillholes completed in the Phase 3 programme intersected the mineralised structure with best result of 42m at 6.44g/t gold from 64 metres depth in RC 1138. This high grade zone is illustrated in Cross-section 1,370mN(attached).
A further 4 RC drillholes are planned during the current quarter to further test the tenor and extent of this open-ended structure.
The most significant results from the Sorowar West Region are detailed below;
| SOROWAR WEST REGION | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Drillhole | Northing (mN) local grid | Easting (mN) local grid | Dip/Azimuth (°) local grid | From (m) | To (m) | Interval (m) | Grade (g/t Au) | Mineralisation Type | |||||||||||
| RC1136 | 1,410 | 110 | -60° /090° | 0 | 110 | 110 | 0.49 | Ox, Tr, Su | |||||||||||
| incl. | 52 | 87 | 35 | 1.08 | Ox | ||||||||||||||
| incl. | 92 | 93 | 1 | 1.40 | Ox | ||||||||||||||
| RC1137 | 1,321 | 95 | -60°/090° | 0 | 100 | 100 | 0.36 | Ox, Tr, Su | |||||||||||
| incl. | 10 | 18 | 8 | 1.97 | Ox, Tr, Su | ||||||||||||||
| incl. | 57 | 62 | 5 | 0.78 | Ox | ||||||||||||||
| RC1138 | 1,375 | 86 | -60°/090° | 0 | 106 | 106 | 2.70 | Ox, Tr, Su | |||||||||||
| incl. | 64 | 106 | 42 | 6.44 | Ox, Tr | ||||||||||||||
| RC1139 | 1,343 | 64 | -60° /090° | 0 | 120 | 120 | 0.30 | Ox, Tr, Su | |||||||||||
| incl. | 38 | 48 | 10 | 1.42 | Ox, Tr | ||||||||||||||
| RC1140 | 1,391 | 81 | -60°/090° | 0 | 130 | 130 | 0.49 | Ox, Tr, Su | |||||||||||
| incl. | 61 | 80 | 19 | 1.56 | Tr | ||||||||||||||
| incl. | 84 | 85 | 1 | 0.98 | Su | ||||||||||||||
| incl. | 111 | 123 | 12 | 0.84 | Su | ||||||||||||||
| RC1141 | 1,437 | 75 | -60°/090° | 0 | 116 | 116 | 0.44 | Ox, Tr, Su | |||||||||||
| incl. | 15 | 23 | 8 | 0.81 | Ox, Su | ||||||||||||||
| incl. | 33 | 50 | 17 | 1.31 | Ox, Tr, Su | ||||||||||||||
| incl. | 55 | 56 | 1 | 1.30 | Su | ||||||||||||||
Ongoing Exploration Programmes
Now that the final results from the Phase 3 drilling programme have been received, the Company is able to push ahead with final resource estimation and reserve definition work for the Simberi Oxide Gold Project “Optimised Feasibility Study”, scheduled for completion in July 2005.
Although the Sorowar drilling database has been quarantined for the purpose of making the “Decision To Mine” and funding project development, exploration work will be ongoing.
Since completion of the Phase 3 drilling programme, three diamond drillholes have also been completed at Sorowar to provide additional metallurgical and geotechnical data for an extended pit design. The drilling rig is now available to commence deep diamond/RC exploration for sulphide mineralisation at Pigiput and Sorowar.
This drilling programme will test deeper geophysical targets which are prospective for sulphide gold mineralisation. The targets are located proximal to the surface and near-surface oxide mineralisation earmarked for mining at Pigiput and Sorowar in the Stage 1 oxide project.
Diamond drilling will commence on deep sulphide targets in the Pigiput area prior to relocation to Sorowar after results are received from induced polarisation (“IP”) surveys currently underway.
A total of 58 line kilometres of IP survey data has been scheduled for acquisition on Simberi and Tatau Islands, commencing at the Sorowar area.
Yours faithfully
ALLIED GOLD LIMITED
J.J. Moore
Managing Director
The information in this Stock Exchange Announcement that relates to exploration results, mineral resources or ore reserves, together with any related assessments and interpretations, has been approved for release by Mr. R. Hastings, MSc, BSc., M.Aus.I.M.M., a qualified geologist and full-time employee of the Company. Mr Hastings has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”.
“This press release is not for dissemination in the United States and shall not be disseminated to United States news services.”
For enquiries in connection with this release please contact:
Allied Gold Limited
+61 8 9353 3638 phone
+61 8 9353 4894 fax
info@alliedgold.com.au e-mail
Forward-Looking Statements.
This press release contains forward-looking statements concerning the projects owned by Allied. Statements concerning mineral reserves and resources may also be deemed to be forward-looking statements in that they involve estimates, based on certain assumptions, of the mineralisation that will be found if and when a deposit is developed and mined. Forward-looking statements are not statements of historical fact, and actual events or results may differ materially from those described in the forward-looking statements, as the result of a variety of risks, uncertainties and other factors, involved in the mining industry generally and the particular properties in which Allied has an interest, such as fluctuation in gold prices; uncertainties involved in interpreting drilling results and other tests; the uncertainty of financial projections and cost estimates; the possibility of cost overruns, accidents, strikes, delays and other problems in development projects, the uncertain availability of financing and uncertainties as to terms of any financings completed; uncertainties relating to environmental risks and government approvals, and possible political instability or changes in government policy in jurisdictions in which properties are located.
Forward-looking statements are based on management’s beliefs, opinions and estimates as of the date they are made, and no obligation is assumed to update forward-looking statements if these beliefs, opinions or estimates should change or to reflect other future developments.
Not an offer of securities or solicitation of a proxy.
This communication is not a solicitation of a proxy from any security holder of Allied, nor is this communication an offer to purchase nor a solicitation to sell securities. Any offer will be made only through an information circular or proxy statement or similar document. Investors and security holders are strongly advised to read such document regarding the proposed business combination referred to in this communication, if and when such document is filed and becomes available, because it will contain important information. Any such document would be filed by Allied with the Australian Securities and Investments Commission, the Australian Stock Exchange and with the U.S. Securities and Exchange Commission (SEC).