From: Biniam Tekle (biniamt@dehai.org)
Date: Wed May 19 2010 - 09:15:43 EDT
http://www.gippslandltd.com/announcements/documents/ASX%20100518%20Eritrean%20Exploration%20Update.pdf
ASX 100518 Eritrean Exploration Update
18 May 2010
Eritrean Exploration RESULTS
Gippsland Limited is pleased to announce the preliminary results of an
exploration programme completed on its Adobha Project in Eritrea during May
2010. The work followed up some very encouraging results obtained from a
reconnaissance drainage geochemical survey of Thematic Mapper ("TM")
anomalies, completed during late October to early November 2009, which
yielded anomalous gold and base metal values from three target areas (E14,
E21 & E26).
During May 2010 each of the above anomalies was assessed in the field with
additional drainage samples collected, geological profiles made and
rock-chip sampling of areas of interest.
Visible copper in the form of malachite (copper carbonate) was located in
rocks in the drainage channels in target areas E21 & E26 and followed to the
source where malachite was located in the bedrock.
TM Anomaly E21 (404800E/1905000N)A
Malachite was located in detrital rocks in channels draining a strike length
of approximately 2km of the stratigraphic succession. Following up these
drainage channels resulted in malachite being located in bedrock
discontinuously over a strike length of about 1km. The host rocks included a
thick sequence of felsic volcanic tuffs and breccias, some of which
contained chloritic-ferruginous-silica alteration and disseminated galena
(lead sulphide).
TM Anomaly E26 (411400E/1920400N)
A
Geological traverses identified malachite in detrital rocks in the drainage
channels at two localities approximately 2.5km apart along strike. Field
examination in the southern area identified discontinuous malachite in
bedrock over a width of at least 390m and a strike length of some 520m. The
host rocks to this mineralisation include felsic tuffs and breccias. The
northern area will be examined in more detail during the next exploration
programme.
TM Anomaly E14 (403700E/1888100N) A
Additional drainage samples and some rock-chip samples were collected to
follow up some anomalous gold values detected during the reconnaissance
survey.
Sample preparation of the 288 samples collected has been completed in Asmara
with the pulps being sent to Genalysis in Perth for analysis.
Gippsland CEO Jack Telford stated: "Our exploration in this highly
prospective Adobha region continues to yield very encouraging results. The
Directors are confident that the Company's 'first mover advantage' at Adobha
will be supported by the batch of samples presently being analysed in
Australia."
RJ (Jack) Telford Director, Chief Executive Officer
For further information, please contact:
Jack Telford
Gippsland Limited
T: +61 8 9340 6000
E: jtelford@gippslandltd.com
W: www.gippslandltd.com
DJ Carmichael & Co
Paul Covich / Rob Matthews
T: +61 8 9263 5271
E: pcovich@djcarmichael.com.au / rmatthews@djcarmichael.com.au
W: www.djcarmichael.com.au
WH Ireland Limited (UK)
John Molyneux / James Hughes
T: +44 20 7220 1665 / +44 20 7220 1663
E: john.molyneux@wh-ireland.co.uk / james.hughes@wh-ireland.co.uk
W: www.wh-ireland.co.uk
NNoottee::
In accordance with Listing Rule 5.6 of the Australian Stock Exchange
Limited, the geological information in this report that relates to
Exploration Results, Mineral Resources and Ore Reserves is based on data
compiled by Dr John Chisholm, a Fellow of The Australasian Institute of
Mining and Metallurgy. Dr Chisholm 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'.
Dr Chisholm consents to the inclusion in the report of the matters based on
his information in the form and context in which it appears.
A Coordinates WGS84 Zone 37
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