High silver assays confirmed at Rannes

Wholly owned D’Aguilar Gold subsidiary, Central Minerals Pty Ltd, has reported...

  Wholly owned D’Aguilar Gold subsidiary, Central Minerals Pty Ltd, has reported that unexpectedly high final silver assays have now been received for the recent first pass drilling program undertaken at the Rannes Gold Project in Central Queensland.These unexpectedly high silver values significantly increase the effective grade of the gold-silver intercepts. Central Minerals Pty Ltd has a large tenement position covering many prospects across this emerging gold province. Crunchie Prospect has been significantly enhanced by high silver (Ag) assays. For example, 40 metres (m) at 76.2 g/t Ag in hole CRU15, including 6m at 115.6 g/t Ag and 8m at 106.5 g/t Ag.Untested New Prospects west of Crunchie Prospect contain higher silver stream sediment anomalism than at Crunchie which indicates that silver will be a significant credit in many prospects in the Rannes Gold Project province.The Porcupine, Kauffmans and Homestead Prospects have been enhanced by additional silver values.The Crunchie Prospect is now developing as an exciting gold prospect containing a significant silver credit. Holes CRU14 and CRU15, collared more than 100 metres apart recorded high grades of gold and silver. The soil geochemical pattern shows a wider spread of silver values than for gold at Crunchie.Gold mineralisation at the Rannes Gold Project is considered to be “epithermal” in origin – as is the deposit at Cracow 120kms to the South. However, at Rannes, the association of the fine-grained gold mineralisation with limestone rocks is more akin to the major Carlin-styled gold orebodies in Nevada, USA.Many gold deposits within the Carlin province in Nevada are silver-rich like those at Rannes. Geological knowledge about the Rannes Gold Project in SE QLD is at a very early stage and will increase rapidly as exploration proceeds across this large gold district which lies in tenements held by the company.