Hann Prospect New Gold Discovery Confirmed

Transcription

1 1 st July 2010 Company Announcements Office Australian Securities Exchange Level 4 20 Bridge Street SYDNEY NSW 2000 Dear Sir / Madam Hann Prospect New Gold Discovery Confirmed Eleckra Mines Limited ( Eleckra ) (ASX: EKM) is pleased to announce the discovery of a new gold zone at the Hann Prospect within its 100% owned Yamarna Gold Project. Highlights New Gold Discovery Confirmed at Hann Significant gold assays reported in 4 composite samples Best 4m composite sample - 4 metres at 3.0 g/t Au from 28 metres 1m resamples will be submitted for assay with similar narrow but high grade results to Central Bore anticipated Hann New Gold Discovery Confirmed Eleckra has completed thirty-nine shallow reconnaissance RC holes for 2,340 metres over five fences at the southern portion of the 2.8 kilometre long Hann prospect to test high grade gold anomalies in soils. All holes were drilled to a nominal depth of 60 metres. Results from the remaining 20 holes 10EYRC EYRC0063 returned elevated gold grades in 4- metre composites. Significant results include: 4 metres at 3.00 g/t Au from 28 metres 4 metres at 2.95 g/t Au from 32 metres 4 metres at 1.35 g/t Au from 32 metres 4 metres at 1.06 g/t Au from 40 metres Anomalous 4-metre composites will be re-sampled to 1-metre intervals and submitted for assay. It is believed that similarly to mineralisation at Central Bore, mineralisation at Hann has potential to be narrower than 4 metres but with higher grade. Eleckra Mines Limited Page 1 of 5

2 On 15 th June, Eleckra announced that it had temporarily suspended the Hann drilling program and moved the drill rig back to Central Bore to test for extensions further to the south. The rig will likely be returned to Hann once the southern extension of Central Bore has been tested and the 1m re-samples are analysed. Byzantium A surface sample from lead elevated gossan near hole 10EYRC0019 returned elevated values of 3.11 g/t Au. Byzantium represents the third prospect to be tested in the current field season and is already shaping up as a new potential discovery. Management Discussion Executive Chairman Ian Murray states: I am delighted with the progress being made at our new discovery zones at Central Bore, Hann and Byzantium, which run parallel to the structure hosting the existing Attila gold resource. I would like to acknowledge the efforts of Ziggy Lubieniecki and his field team for their Herculean efforts in the field this season, one that our Board strongly believes marks a major turning point for the company. Table 1. Summary of RC drill intercepts > 0.5 g/t Au at Hann Hole_ID mfrom mto Interval Au g/t E_AMG N_AMG 10EYRC ,684 6,883,458 10EYRC ,536 6,883,453 10EYRC ,669 6,883,499 10EYRC ,561 6,883,504 10EYRC ,637 6,883,528 10EYRC ,656 6,883,533 10EYRC ,454 6,883,511 10EYRC ,625 6,883,566 10EYRC ,611 6,883,603 Gold analysed by Fire Assay Eleckra Mines Limited Page 2 of 5

3 Figure 1. Image of Levelled for Regolith Gold Anomalies from the December 2009 Soil Survey at Hann Prospect Eleckra Mines Limited Page 3 of 5

4 Figure 2. Drill-hole Plan at Hann with Best RC Intercepts Note: 1ppm = 1g/t Eleckra Mines Limited Page 4 of 5

5 Yours sincerely IAN MURRAY Executive Chairman Telephone: +61 (0) NOTES: The information in this report which relates to Exploration Results, or Mineral Resources is based on information compiled by Ziggy Lubieniecki, the General Manager of Eleckra Mines Limited, who is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Ziggy Lubieniecki has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ziggy Lubieniecki consents to the inclusion in the report of the matters based on this information in the form and context in which it appears. APPENDIX: The Mineral Resources according to JORC code for the Yamarna Gold project (Refer to Eleckra s ASX announcement dated 1 September 2008). Table 2. The Mineral Resource inventory for the Yamarna Gold project as at 21 August Note: rounding errors may occur. At 0.5 g/t Au Cut off 2008 Resource Resource Category Tonnes Au Grade (g/t) Contained Au (Troy Oz) Measured Resource 6,449, ,000 Indicated Resource 6,251, ,000 Inferred Resource 7,117, ,000 Total 19,817, ,000 At 1.0 g/t Au Cut off 2008 Resource Resource Category Tonnes Au Grade (g/t) Contained Au (Troy Oz) Measured Resource 5,027, ,000 Indicated Resource 3,745, ,000 Inferred Resource 4,356, ,000 Total 13,128, ,000 Eleckra Mines Limited Page 5 of 5