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: July 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 |
EXHIBIT INDEX
| 1 | Quarterly Report for the Period Ending June 30, 2005 |
| 2 | Appendix 5B for the Quarter Ended June 30, 2005 |
| 3 | Appendix 3B dated July 29, 2005 |
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EXHIBIT 1
29 July 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.”
QUARTERLY REPORT FOR THE PERIOD ENDING 30 JUNE 2005
SIMBERI GOLD PROJECT HIGHLIGHTS
| • | Simberi Gold Project Optimised Feasibility Study and independent oxide/transitional reserve studies scheduled for completion in August 2005. |
| • | Sorowar oxide gold resourcesincreased by 75% to 670,000 oz goldfrom the August 2003 BFS oxide resource estimates. |
| • | Sorowar oxide, transitional and sulphide resources total1.22 million oz. |
| • | Simberi Island oxide resources total1.01 million oz. |
| • | Simberi Island oxide/transitional/sulphide resources total 46.8 million tonnes at 1.51 g/t gold for2.27 million oz (using 0.5 g/t to 4.0 g/t gold cut-off). |
| • | Recent metallurgical tests estimate average cyanide leach recoveries forSorowarof; |
| OXIDE material TRANSITIONAL material SULPHIDE material | – – – | 92% 72% 66% |
| • | IP geophysical surveys completed atSorowar have returned very encouraging results and will be used for targeting drillholes designed to test sulphide mineralisation that may form feeders for the Sorowar oxide deposit. |
| • | Deep diamond drilling is underway at thePigiput and Sorowar deposits. |
Unit 15, Level 1, 51-53 Kewdale Road, Welshpool, Western Australia 6106
PO Box 235, Welshpool DC 6986
Telephone: +61 8 9353 3638 Facsimile: +61 8 9353 4894 Email: info@alliedgold.com.au
Web: www.alliedgold.com.au
SIMBERI GOLD MINING PROJECT – ML136
Upgraded Sorowar Resource Studies
Oxide Resources
Prior to Allied Gold Limited’s (“ALD”) merger with Nord Pacific Limited during 2004, total gold resources at the Sorowar deposit (August 2003 Feasibility Study – oxide resources at 0.5 g/t gold cut-off) comprised;
| 10.9 million tonnes at 1.10 g/t gold for 384,000 ounces. |
Since ALD assumed operational control of the Tabar Islands Project, an aggressive drilling programme was carried out at the Sorowar Deposit. As a result of this successful programme, independent resource studies by Golder Associates were commissioned, resulting in oxide resources beingincreased by 75% to 670,000 oz gold(at 0.5 g/t gold cut-off) from the August 2003 BFS oxide resource estimates, viz;
| 17.2 million tonnes at 1.21 g/t gold for 670,000 ounces. |
Sorowar Oxide Resource Studies
Combined Oxide/Transitional/Sulphide Resources
Total Sorowar (oxide, transitional and sulphide — 0.5 g/t gold cut-off) gold resources have been upgraded bymore than 215%from the August 2003 Feasibility Study estimates to;
| 33.0 million tonnes at 1.15 g/t gold for 1.22 million ounces. |
Recoveries
In response to the significant increase in the surface footprint and depth extensions to the Sorowar gold deposit resulting from the 2004-2005 drilling programme, additional metallurgical testwork was conducted by AMMTEC on 16 composite samples from locations throughout the deposit.
Previously, 99 composite samples from the main oxide portion of the Sorowar deposit were tested by various metallurgical consultants.
The testwork results are very encouraging;
| • | Recoveries for oxide material ranged from 85.3% to 98.1% with average expected gold cyanide leach recovery of92%. |
| • | Gold cyanide leach recoveries for transitional material averaged72% and for sulphide material averaged66%. |
| • | Other testwork indicates that Sorowar ore is not sensitive to grind size, is not compromised by soluble basemetals, slurry rheology, ore oxygen uptake and raw water source. The ore is well suited to primary ball milling and carbon-in-leach cyanidation recovery. |
Discussion of Results
During the period July 2004 to April 2005 ALD completed 162 RC drillholes for 13,596 metres at Sorowar(Phase 1, 2 and 3 programmes). This work was designed to infill and test for mineralised extensions below and outside the previously designed (2003) Sorowar oxide gold pit.
The drilling programme was highly successful in discovering broad areas of previously unknown disseminated oxide, transitional and sulphide gold mineralisation outside and below the proposed (2003) pit boundaries. Of particular significance was the discovery of several areas characterised by wide, high-grade surface and near surface oxide gold intersections outside the proposed pit.
In May-June 2005, ALD engaged Golder Associates to construct an updated resource model incorporating all of the new 2004-2005 drilling data. This updated resource model is now being used for open-pit optimisations and formal reserve studies by Golder Associates for the Simberi Project “Optimised Feasibility Study”.
Reserve estimation is expected to be completed during August 2005.
Results from the kriged resource block model are tabulated below;
Sorowar Gold Resources (at 0.5 g/t gold cut-off) Oxide Gold Resources
Oxide Gold Resources
| Category | Million Tonnes | Gold Grade (g/t) | Ounces | ||||
|---|---|---|---|---|---|---|---|
Measured | 8.00 | 1.34 | 344,000 | ||||
| Indicated | 3.92 | 1.20 | 151,000 | ||||
| Inferred | 5.28 | 1.03 | 175,000 | ||||
| TOTAL | 17.2 | 1.21 | 670,000 | 0 | |||
Transitional Gold Resources
Sulphide Gold Resources
| Category | Million Tonnes | Gold Grade (g/t) | Ounces | ||||
|---|---|---|---|---|---|---|---|
| Measured | 1.29 | 0.88 | 36,000 | ||||
| Indicated | 2.89 | 0.96 | 90,000 | ||||
| Inferred | 9.13 | 1.08 | 317,000 | ||||
| TOTAL | 13.3 | 1.03 | 443,000 | ||||
(Source: Golder Associates Block Model — June 2005)
Simberi Island Gold Deposits – Location Map
Drilling Programmes Completed During The Quarter
Phase 3 Drilling – Northern Portion of The Sorowar Deposit
During the Quarter, 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 was 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.
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 | |||||||||||
| 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 | ||||||||||||||
| 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. | 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°/262° | 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°/72° | 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 | ||||||||||||||
| RC1132 | 1,570 | 475 | -60°/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 | ||||||||||||||
| 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 | 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 (average cyanide leach recovery 92%) Tr = transitional material – distinctly weathered (average cyanide leach recovery 72%) Su = sulphide material – slightly weathered to fresh (average cyanide recovery 66%) |
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.
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 | ||||||||||||||
| with. | 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 | |||||||||||
| 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 | ||||||||||||||
| 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 | |||||||||||
| 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 | ||||||||||||||
| 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 | ||||||||||||||
| 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 | |||||||||||
| 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).
Another four RC drillholes were completed in the Phase 4 drilling programme (which commenced during the 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 | 1,370 | 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 | ||||||||||||||
Phase 4 Drilling – Sulphide Gold Mineralisation Targets
A diamond and RC drilling programme designed to test unoxidised (sulphide) gold mineralisation targets in the vicinity of the known deposits, particularly Pigiput and Sorowar, commenced during the Quarter. A further two holes were drilled beneath tuffaceous cover on Pigiput Ridge.
During the quarter a total of 800 metres of RC and 372.3 metres of diamond core were drilled.
RC1146 to RC1149 are located on or to the north of Pigiput ridge and the diamond drilling core from RC1148DD and RC1149DD has been photographed and geologically logged. Assay results from these holes are yet to be received.
RC1142 to RC1145 are located in the southwest of the Sorowar deposit, to the north and south of the Sorowar West deep oxide mineralised zone(refer to drillhole location plan attached). The drilling results show that the mineralisation is still open to the west and the most significant results from these holes 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 | |||||||||||
| RC1142 | 1290 | 120 | -60° /090° | 8 | 16 | 8 | 1.72 | Ox, Su | |||||||||||
| 19 | 30 | 11 | 0.78 | Ox, Tr | |||||||||||||||
| 92 | 118 | 26 | 1.22 | Ox, Tr, Su | |||||||||||||||
| RC1143 | 1225 | 130 | -60°/090° | 11 | 22 | 11 | 0.95 | Su | |||||||||||
| 70 | 71 | 1 | 0.53 | Ox | |||||||||||||||
| 76 | 130 | 54 | 1.40 | Ox, Tr | |||||||||||||||
| RC1144 | 1270 | 110 | -60°/090° | 5 | 27 | 22 | 0.93 | Ox, Tr, Su | |||||||||||
| 31 | 32 | 1 | 0.54 | Su | |||||||||||||||
| �� | 41 | 44 | 3 | 0.68 | Su | ||||||||||||||
| 64 | 73 | 9 | 0.81 | Su | |||||||||||||||
| 86 | 88 | 2 | 1.15 | Ox | |||||||||||||||
| 100 | 142 | 42 | 2.31 | Ox, Su | |||||||||||||||
| 146 | 149 | 3 | 0.66 | Su | |||||||||||||||
| RC1145 | 1500 | 170 | -60° /090° | 109 | 110 | 1 | 1.60 | Su | |||||||||||
| 130 | 131 | 1 | 3.51 | Su | |||||||||||||||
Other Drilling
Three diamond holes (SO28, SO29 and SO30 for 240.1 metres of core) were drilled at Sorowar for metallurgical and geotechnical purposes(refer to drillhole location plan attached).
Two diamond holes (SO31, SO32, totaling 70.4 metres) were drilled into a mafic intrusive on the access road between Pigiput and Sorowar to test its suitability for road building material. The intrusive was considered unsuitable, being fractured and carbonate-altered. The core has been photographed and logged, and is being selectively sampled for assaying.
Geophysical Surveys
A gradient array IP geophysical survey conducted in 1997 over known gold occurrences on Simberi Island showed a good correlation between chargeability, resistivity, and near-surface clay-pyrite alteration in the vicinity of the gold mineralisation. Follow-up pole-dipole IP surveys at Pigiput during the same year confirmed that in many instances anomalies were related to drilled sulphide-hosted gold mineralisation, however, the unrelated targets identified from that programme are yet to be drilled.
During the current Quarter, these IP data were re-processed to give better three-dimensional definition of the targets. Data from the east Simberi portion of the 2004/05 high definition magnetic and radiometric survey was also processed and interpreted and the combined datasets have identified several priority targets that will be drilled during the Phase 4 drilling programme.
Also during the current Quarter, the Company commenced follow-up geophysical IP surveys and to date six lines, 200 metres apart at Sorowar and one line at Botlu have been completed for a total of 11.8 kilometres.
Progress has been slow due to difficult terrain and particularly wet weather and electrical storms that have been experienced during the period. Notwithstanding, although interpretation of the survey data is still at an early stage, preliminary results are very encouraging. Some strong chargeable anomalies are seen to be associated with robust sulphide gold intersections in existing drillholes and others, which are consistent with interpreted geology and structure, are yet to be drilled.
Priority targets will be identified and drilled in the latter part of the current Phase 4 programme.
OTHER PROJECTS
Mexico — Mapimi
ALD through its subsidiary company Nord Pacific de Mexico S.A de C.V. holds an exploitation licence covering 3,938ha in the Mapimi mining district of the Sierra Madre Occidental in the northeast part of the state of Durango, Mexico.
The project area is situated about 45 kilometres north-northwest of the major cities of Gomez Palacio and Torreon.
ALD’s project area surrounds the historic Mapimi mining district (or Ojuela district) which historically produced high-grade silver, lead and zinc ore for Penoles at their smelter located at the nearby town of Mapimi during the period from about 1890 to 1920. Between 1920 and 1931 Mapimi ore was transported to smelters located at Torreon or Monterrey.
Hayward and Triplett (1931) report production from Penoles mining activities at Mapimi between 1893 to 1931 to be3.8 million tonnes at 3.7g/t Au, 462g/t Ag and 14.9%Pb. Although production figures for the pre- and post Penoles production period (from 1892 to the early 1930‘s) are less reliable, Megaw and others (1988) estimate overall production from the Mapimi mining centre (including Spanish production after discovery in 1598), principally from oxides of;
| 6 million tonnes: in chimneys or pipes — averaging10% Pb, 15% Zn, 500g/t Ag, 3g/t Au in mantos — averaging8.5% Pb, 11% Zn, 200g/t Ag |
To better understand and assess the prospectivity of the Company’s property and to plan future exploration programmes, field reconnaissance work was carried out during the Quarter. As a result of this work, the Company considers that the Mapimi property holds excellent potential for the discovery of oxide/sulphide bearing polymetallic carbonate-hosted replacement deposits with excellent existing road access, favourable topography, a nearby rail line and supportive local community for mining activities.
Importantly, although the interpreted mineralised trend continues north into ALD’s concession under transported cover material, apart from historic workings which crop out in the western and eastern parts of the area, the majority of the prospective trend has never been drilled or subjected to modern exploration other than limited CSAMT orientation geophysical surveys. Accordingly, ALD considers that future work programmes should predominantly focus on geophysical prospecting and drilling.
APPOINTMENT OF DIRECTOR
On 16 June 2005 Allied Gold Limited announced the appointment of Mr Gregory Hugh Steemson as a non executive director. Mr Steemson re-joins the Board having previously served as a director from May 2003 until February 2004.
Mr Steemson is a qualified geologist and geophysicist with an extensive background in exploration, development and management of mining projects.
Yours faithfully
ALLIED GOLD LIMITED
J.J. Moore
Managing Director
The information in this Stock Exchange Announcement that relates to the Sorowar Gold Resources is based on information compiled by Mr S Godfrey who is employed by Golder Associates and who is a member of the Australasian Institute of Mining and Metallurgy. Mr Godfrey 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”.
Mr Godfrey consents to the inclusion in this Announcement of the material based on this information in the form and context in which it appears.
The information in this Stock Exchange Announcement that relates to exploration and metallurgical results, 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).
EXHIBIT 2
EXHIBIT 3
