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From: Nigel
ArtDate: 12th January 2007
Section: (FILLYABOOTS NEWS RELEASES)
Remote Name: 87.74.114.115
Date: 27/01/07
Time: 10:29
12th January 2007
Gippsland - Completion of Preliminary JORC Compliant Resource Estimate
News Item - Conduit PR
Gippsland Limited ("Gippsland" or the "Company")
SEIGA GOLD JORC RESOURCES SUMMARY Wide zones of anomalous gold in rock-chip sampling (up to 80m at 1.76g/t Au)
Discontinuous zones of mineralisation extended to over 1,200m of strike length
Open along strike and at depth
Intersection of 15m at 1.64g/t Au in hole CRC075 extends zone 300m to south
Completion of preliminary JORC compliant resource estimate RC DRILLING
Gippsland (ASX & AIM: GIP) today announces the results of a further sixteen RC holes from the second-phase drilling and geochemical sampling at the Company's Seiga (A) gold prospect at Wadi Allaqi, Egypt. The drilling is part of reconnaissance drilling to the north and south of the main zone of mineralisation adjacent to historical workings along the Seiga shear zone. The results of four reconnaissance holes (CRC087 - 090) located to the north and south of the shear zone are still outstanding.
The drilling extends the known strike length of mineralisation within the shear system for at least a further 300m to the south giving a total strike length of at least 1,200m.
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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