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From: Nigel
ArtDate: 12th October 2006
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 84.9.59.210
Date: 25/10/06
Time: 21:38
12th October 2006
Gippsland - Commencement of RC drilling at Wadi Allagi
News Item - Conduit PR
PHASE 2 WADI ALLAQI DRILLING
Gippsland (ASX & AIM: "GIP") announces that Phase 2 of RC drilling has commenced in the Company's Wadi Allaqi gold tenements in Egypt.
The Phase 2 programme commences at Seiga where Gippsland's recently completed and announced Phase 1 drilling programme delineated zones of gold mineralisation up to 75m wide over an open-ended strike length of 800m.
The initial in-fill drilling will test a 220m length of the shear situated to the north-west of holes CRC012 and CRC013, and south of CRC015 completed during April-May 2006 and announced on 1 June 2006. Hole CRC012 was drilled below the centre of the ancient workings and intersected 28m at 4.18g/t Au between 28-56m. Hole CRC013 drilled at the northern end of the ancient workings intersected 24m at 5.21g/t Au between 48-72m. This zone is thought to correspond with the high-grade mineralisation (15.5m at 9.73g/t Au) recorded in surface profile CP6. Hole CRC015 intersected 12m at 1.32g/t Au from 4m.
The drilling at Seiga will also test gold mineralisation located 450m to the south-east of the ancient pit where Phase 1 drilling intersected a zone of mineralisation 25m wide averaging 1.4g/t Au and open along strike to the south-east.
At the conclusion of the Seiga drilling, the drill crew will move to Shashoba situated 6km to the south-east were recent drilling delineated a number of high priority targets. This in-fill drilling programme will also test the extensions to the mineralisation shown to exist over an open-ended strike length of 2.2km.
The Phase 2 Wadi Allaqi drilling programme will continue through to February 2007 save for a short break in operations for Christmas.
RJ (Jack) Telford, Executive Chairman
For further information please contact:
Jack Telford Gippsland Limited www.gippslandltd.com Tel: +61 (0)8 93898611 telford@gippslandltd.com
Laurence Read / Ed Portman Conduit PR Tel: +44 (0)20 7429 6605 / 6607 laurence@conduitpr.com ed@conduitpr.com
Les Polden / Luke Cairns Hoodless Brennan Plc Tel: +44 (0)20 7538 1166 L.Polden@HBcorporate.com L.Cairns@HBcorporate.com
Edward Portman Conduit PR Ltd 76 Cannon St London EC4N 6AE Office: +44 (0) 20 7429 6666 Direct: +44 (0) 20 7429 6607 Fax: +44 (0) 20 7429 6699 Mob: +44 (0) 773 3363 501
www.conduitpr.com
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