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Market:	AIM ASX
Sector:	Gold Mining
EPIC:	AGLD

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Allied Gold

Allied Gold Limited (ASX: ALD; AIM: AGLD) is a gold producer with projects located in the Pacific Rim.

Allied Gold receives high-grade gold assays at Pigiput and Pigibo gold prospects

Friday, November 27, 2009

Australian-listed Allied Gold (ASX: ALD) has received further high-grade gold assays from diamond core and reverse circulation holes drilled at the Pigiput and Pigibo gold prospects in Papua New Guinea.

The latest drilling and assay results continue to affirm the continuity of gold grade and width of mineralisation at both the Pigiput and Pigibo prospects.

The best down-hole intercepts in diamond core holes included 119m @ 2.15g/t Au from 158m in SU, 35m @ 1.65g/t Au from 211m in SU, 49m @ 2.88g/t Au from 129m in SU and 6m @ 5.11g/t Au from 136m in SU.

Gold assays were received for samples from fourteen 14 diamond core holes, drilled at the Pigiput Deposit as part of an ongoing in-fill and step-out program. The holes are part of a drilling programme, commenced in May 2009, designed to support the A$10 million Sulphide and Oxide Expansion Studies.

These studies target increasing total oxide and sulphide production to in excess of 200,000oz p.a. by 2012.

Gold assays received from two diamond core and six reverse circulation holes, defined the down dip extension of the Pigibo deposit.

Mineralised down-hole intercepts were found in 3 holes including 28m @ 3.82g/t Au from 108m in OX, TR, SU, 42m @ 3.64g/t Au from 37m in TR and 42m @ 2.82g/t Au from 78m in TR, SU.

The company is actively undertaking in-fill and step-out reverse circulation and diamond core drilling at two prospect areas, Pigiput and Pigibo, centred 800 metres apart in the central part of mining lease ML136.

Allied Gold Limited’s gold production and exploration development portfolio is centred on the Tabar Islands of Papua New Guinea, approximately 60 kilometres from Lihir Island which hosts a plus 40 million ounce gold resource and is well placed in the Pacific Rim of Fire.

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