Tuesday, December 9, 2008

Geopacific

Drilling recommences at the Faddy’s Gold Deposit, Fiji

Geopacific Resources NL (ASX: GPR) is pleased to announce that drilling has recommenced at Geopacific’s 100% owned Faddy’s Gold Deposit in Fiji

Drill contractor, Exploration Drilling Services Pty Ltd (Fiji) is undertaking the diamond drilling programme of 13 holes (450 metres) and the work is expected to be completed in the next two weeks.

The drilling is located in the area which returned ‘bonanza’ high-grade, nearsurface Gold ranging up to 138.3g/t gold (4.46 ounces/t Au) in 0.5m sample Intervals of whole drill core. Drill hole FAD019 contained high-grade Diamond drill core intervals including 2m of 90.0g/t Au between 12-14m.

These results were reported in an ASX announcement on 27 November, 2008 and have outlined an area of shallow high-grade gold with dimensions of at least 80 metres along strike and 120 metres down dip.

The current drilling will help define the extent of the high grade-gold to provide resource information for scoping of a potential small open cut gold mine at the Faddy’s Gold Deposit for which an Inferred Resource of 920,000t of 4.9g/t gold (144,000 ounces of contained gold) was estimated prior to this discovery.

Geopacific is also undertaking a programme of costeaning and surface sampling. Assay results from the drill core and trench samples are expected to be completed during the next several weeks.


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