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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	VML
Latest Price:	0.06 (1.75% )
52-week High:	0.19
52-week Low:	0.05
Market Cap:	13.25M

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Vital Metals

Vital Metals (ASX:VML) is an Australian-based mineral exploration and development company.

Vital is currently focused on progressing two mineral projects, including the Doulnia Gold Project in southern Burkina Faso, West Africa, and the Watershed Tungsten Project in far north Queensland, Australia.

Vital Metals Hits High Grade Gold at Doulnia in West Africa

Wednesday, December 16, 2009

Vital Metals (ASX: VML) has encountered high-grade gold mineralisation in an exposed quartz reef system at its new gold project - Doulnia/Campala in Burkina Faso, West Africa.

Assaying of a batch of hand-crushed vein material from shallow surface diggings about one kilometre south of the Kollo South prospect returned an assay of 23.5 g/t Au. The material was derived from manual excavations carried out by a small group of local ‘artisanal’ miners.

‘Kollo South’ prospect is situated within the Doulnia Exploration Permit.

This encouraging result complements earlier excellent gold results obtained by Vital staff during the initial evaluation visit in early September. Grab sampling of sub-outcropping eastnorth-east trending quartz veins at Kollo South and Kollo North prospects, returned gold analyses of 6.73, 3.42, and 6.00 grams per tonne (g/t) Au.

Vital is preparing to drill test identified targets at the Kollo prospects and elsewhere in early 2010.

As reported in an announcement to the ASX on 19 November 2009, Vital has entered into a farm-in Agreement with Ampella Mining Ltd, whereby Vital may earn up to 80 per cent equity in the Doulnia and Campala Permits in Burkina Faso, West Africa, by sole funding the first A$3.5 million of expenditure and carrying the project to pre-feasibility stage.

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