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Market:	ASX
Sector:	General Mining
EPIC:	GDA
Latest Price:	0.00 (0.00%)
52-week High:	0.01
52-week Low:	0.00
Market Cap:	2.40M

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Gondwana Resources

Gondwana Resources (ASX: GDA) is an experienced mineral exploration company focused principally on gold, iron ore, uranium and nickel in Western Australia.

Gondwana Resources reports high-grade gold at Zeus

Tuesday, November 17, 2009

Perth-based Gondwana Resources (ASX: GDA) has announced recently completed exploration drilling at the Zeus Prospect within the Parker Range in Western Australia has returned high grade gold mineralsation.

The best intercepts include 8m @ 14.82 g/t Au from 6m depth in drill hole 09ZERC002, including 5m @ 23.04g/t from 8m depth.

The aim of the drilling was to confirm an historic intersect of 6m @ 3.83 g/t Au.

Gold mineralisation is within a quartz veined metasediment and is structurally controlled. The drill program was formulated to confirm mineralisation thickness and grade from previous drilling.

The company is currently planning a follow-up drill program to infill this shallow, high-grade mineralisation. Infill drilling on 25m line spacing will assess continuity of mineralisation along strike and deeper holes will test open mineralisation at depth.

This drilling program will commence at a date to be advised shortly, with further gold assay results from recent drilling expected in due course.

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