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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	GOA
Latest Price:	0.02 (5.88% )
52-week High:	0.05
52-week Low:	0.02
Market Cap:	25.14M

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Gold Anomaly

Gold Anamoly (ASX: GOA) is a company exploring and developing gold and base metal deposits in Brazil, Papua New Guinea and Australia.

The company has three projects in Papua New Guinea: Crater Mountain, Fergusson Island and Bogia. Crater Mountain is a potential multi million ounce gold deposit located in the highlands of PNG.

Gold Anomaly unearths gold 400m west of existing Resource at Crater Mountain, Papua New Guinea

Friday, January 27, 2012 by Angela Kean

Gold Anomaly (ASX: GOA) has increased the strike length of gold mineralisation at its Crater Mountain Project in Papua New Guinea to over 800 metres after a drill hole at the Nevera Prospect intersected anomalous gold throughout the entire hole.

Nevera is the most advanced of four prospects and has a 790,000 ounce Inferred gold Resource.

The hole – which was drilled at the south‐western extent of Nevera, about 400 metres southwest of the existing resource boundary – returned a best intercept of 4 metres at 0.71 grams per tonne (g/t) gold from 150 metres.

Wide zones of gold above 0.25g/t gold and copper mineralisation were intersected in the hole compared to a previous hole drilled.

This could indicate that either a different mineralising system has been encountered, or the mineralisation at Nevera continues past the previous hole and that it was drilled in an area that was either faulted away or disrupted by a diatreme.

Besides the anomalous gold mineralisation, the latest drill hole intersected anomalous copper mineralisation, with individual 2 metre samples assaying at above 0.2%, which is associated with the gold.

Base metals such as lead and zinc, which were prevalent in many of the other holes at Nevera, are markedly lower in the hole.

There were nine, 2 metre copper intersections grading above 0.15%. The copper mineralisation also occurs throughout the hole, but does seem to become more persistent with depth.

Previous exploration to the west of the recent drill hole has demonstrated copper anomalism, which Gold Anomaly plans to investigate at a later date.

Two holes are currently being drilled at Nevera. The second 1000 metre plus deep drill hole, has now reached a depth of 958 metres.

The hole is testing the porphyry intrusion identified by an earlier drill hole, some 200 metres below it.

These deep holes are intended to determine the nature and size of the porphyry, and provide information on whether it is the feeder zone responsible for the gold mineralisation defined within the shallower mixing zone.

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