TIDMGGG 
 
GGG Resources plc 
 
                           (the "Company" or "GGG") 
 
                           Bullabulling Gold Project 
 
              New Gold Mineralisation identified at Gibraltar and 
 
                           Deeps Exploration Update 
 
Highlights - Gibraltar 
 
  * Initial exploration drilling at Gibraltar totalling 2,805m in 14 holes has 
    been completed. 
 
  * Assay results of new higher grade intersections include 13m at 2.87g/t Au, 
    7m at 3.12g/t Au, and 5m at 11.98g/t Au. 
 
  * Gibraltar zone is not included in the 3.2 MOz resource announced on 29 
    February 2012. 
 
  * Further drilling in Gibraltar is in progress. 
 
Highlights - Deeps Exploration 
 
  * Data has been received from the recently completed seismic survey that 
    enhances the prospectivity of high grade mineralisation at depth along the 
    Bullabulling Trend. 
 
  * Recent detailed airborne magnetic and gravity surveys will be combined with 
    the seismic data to provide a 3D geological model of the Bullabulling gold 
    deposit. 
 
  * The techniques used in Deeps Exploration have given data that is 
    significantly more sophisticated than was previously available, which 
    increased our understanding of the geology and structural control on 
    mineralisation. This may increase the chance of delineating higher grade 
    material, should it be present. 
 
Significant zone of mineralisation intersected at Gibraltar 
 
The first phase of exploration drilling for higher grade mineralisation along 
the regional Gibraltar trend has been completed with 14 holes drilled for a 
total of 2,805m. Gibraltar is located approximately 7km south-east of the 
Bullabulling Trend. Results have been returned for the first ten holes drilled 
beneath the pit at Gibraltar where a significant zone of mineralisation was 
intersected in an area where previous drilling had apparently closed off the 
mineralisation, including 25m at 1.68g/t Au from 166m in BJ5066 (including 13m 
at 2.87g/t Au from 166m), 2m at 2.62g/t Au from 114m in BJ5068, 7m at 3.12g/t 
Au from 169m in BJ5009, and 5m at 11.98g/t Au from 120m in BJ5082. These 
intersections may be from a new zone beneath the lode mined to date or is a 
faulted down dip continuation. With either scenario there is the potential to 
increase the resource at Gibraltar, which has higher grade continuity in the 
near surface than mineralisation along the Bullabulling Trend. 
 
Collar information of all holes drilled at Gibraltar to 17 February 2012 (14 
holes for 2,805m), with assay results at a 0.3 g/t Au cut off (Tables 1 and 2). 
The high grade results are from the same area to the south of the pit beneath 
the current zone of mineralisation. There are holes to the north of the pit 
that have previously recorded mineralisation that could correlate with the new 
zone. The plan is to drill through the pit area beneath the previously mined 
shoot. 
 
After the completion of the initial Gibraltar drilling, the focus then moved to 
South Bullabulling where a review of the soil geochemistry database, using 
historical soil data in combination with photo-mapping of regolith, identified 
six regional scale targets that have not been tested to date with drilling. The 
aim of the exploration drilling is to test for regional extensions to known 
mineralisation and to better define the geology, especially in the south. This 
programme has now been completed results are pending. Drilling has now returned 
to Gibraltar to expand the resources. 
 
Deeps Exploration Programme 
 
Preliminary results from the Deeps Exploration Programme geophysics have been 
received and are currently being reviewed. The new data is significantly more 
detailed than previously available data and will lead to a better understanding 
of the geology and structure of the Bullabulling region. The most interesting 
data received to date that has the potential to change the understanding of the 
geology, and consequently the potential of the Bullabulling Trend for high 
grade shoots, is the seismic data (Figure 1 and Figure 2). This is one of the 
first times that this technique, which is routinely used in the oil industry, 
has been used in exploration for gold mineralisation in the Eastern Goldfields 
of Western Australia. The preliminary images confirm the controls on 
mineralisation in the near surface, but, more importantly, suggest the presence 
of feeder structures beneath the current low grade disseminated mineralisation 
that forms the current resource. The seismic data when combined with the 
detailed magnetic data and gravity data will provide new targets for 
exploration and even at this early stage have increased the potential for new 
discoveries to be made, especially to the east and directly underneath the 
current resource. 
 
A gravity data acquisition programme has been completed, and is expected to 
provide complimentary information to the magnetic and seismic data. This data 
will then be analysed to produce a number of filtered geophysical images, 
unconstrained inversions over the Bullabulling Trend and a 3D geological and 
structural interpretive model of the Bullabulling Trend. The detailed magnetic 
data will be used in combination with 2D seismic data and gravity data to 
develop a detailed 3D prospectivity model of the Bullabulling Trend to target 
mineralisation at depth. 
 
For information, contact: 
 
David McArthur                          David Brook 
 
GGG Resources plc (Australia)           Professional Public Relations 
                                        (Australia Media) 
41 Stirling Highway 
                                        Email: david.brook@ppr.com.au 
Nedlands, WA, 6009 
                                        Tel: +61 8 9388 0944 / +61 433 112 936 
Australia 
 
Tel: +61 8 9423 3200 
 
Dr. Jeffrey Malaihollo                  Westhouse Securities Limited 
 
Managing Director, GGG Resources plc    (UK Nominated Adviser) 
(UK) 
                                        Tom Price / Martin Davison 
Email: jeff.malaihollo@gggresources.com 
                                        Tel: +44 20 7601 6100 
Tel: +44 1992 531820 
 
Neil Boom                               Collins Stewart Europe Limited (Broker) 
 
MD, Gresham PR Ltd (UK media)           John Prior / Adam Miller 
 
Tel: +44 7866 805 108                   Tel: +44 20 7523 8350 
 
Email:neil.boom@greshampr.co.uk 
 
Bullabulling Overview 
 
The Bullabulling Gold project (Bullabulling) is a large tonnage, low grade 
deposit with high grade shoots, associated with the regional Bullabulling shear 
zone which extends over tens of kilometres. The mineralised structure is 500m 
wide, consisting of multiple west dipping low grade stacked zones with narrower 
higher grade gold mineralisation. Bullabulling is located near Coolgardie and 
approximately 65km south-west of Kalgoorlie, Western Australia. Bullabulling 
has been previously mined producing 371k oz Au in the 1990's. The current 
programme focuses on the 6km portion of the shear zone known as the 
Bullabulling Trend where previous operations were concentrated. The focus for 
the Bullabulling joint venture between Auzex Resources Ltd and GGG Resources 
plc is to establish an initial reserve exceeding one million ounces gold to 
commence production in 2015.Auzex Resources Ltd and GGG Resources Plc are in 
the process of merging into Bullabulling Gold Ltd. 
 
Competent Person Statements 
 
The information in this report that relates to the Exploration results, the 
1998 Mineral Resource estimate and data that was used to compile the 2010 and 
2011 Mineral Resource estimates is based upon information compiled by Dr. 
Jeffrey Malaihollo who is a full-time employee of the Company and Fellow of The 
Australasian Institute of Mining and Metallurgy and a Fellow of the Geological 
Society of London. He is qualified as a Competent Person under the Code for the 
Reporting Mineral Exploration Results, Mineral Resources and Mineral Reserves, 
2004 ("The Reporting Code") prepared by the Australasian Institute of Mining 
and Metallurgy and the Australian Institute of Geoscientists. Jeff Malaihollo 
consents to the inclusion in the report of the matters based on his information 
in the form and context in which it appears. 
 
Figures 1 and 2 referred to in this announcement appear in the version of 
this release available on the Company's website www.gggresources.com. 
 
Table 1: Gibraltar Collar (BWX) information for RC drilling from January 8 to 
February 17 
 
Prospect  Hole  Easting Northing RL  Dip  AZ   Length    Date       Comments 
 
                                                (m)    Drilled 
 
GB       BJ5009 304875  6562794  433 -60 325.5 211    14/01/2012 Mineralised 
 
GB       BJ5010 304872  6562751  430 -60 353    235   16/02/2012 Pending 
 
GB       BJ5019 304770  6562841  427 -60 353   118    15/01/2012 NOT 
                                                                 Mineralised 
 
GB       BJ5040 304613  6562862  424 -60 353   199    16/01/2012 Mineralised 
 
GB       BJ5062 304470  6562839  423 -60 325.5 187    17/01/2012 Mineralised 
 
GB       BJ5063 304956  6562730  433 -60 353   247    15/02/2012 Pending 
 
GB       BJ5066 305041  6562739  431 -60 352.5 205    10/01/2012 Mineralised 
 
GB       BJ5068 305058  6562614  428 -60 352.5 259    19/01/2012 Mineralised 
 
GB       BJ5069 305114  6562750  430 -60 350   211    14/02/2012 Pending 
 
GB       BJ5077 305190  6562834  428 -60 352.5 211    12/01/2012 Mineralised 
 
GB       BJ5082 305323  6562841  428 -60 352.5 193    11/01/2012 Mineralised 
 
GB       BJ5098 305471  6562910  423 -60 352.5 163    13/01/2012 Mineralised 
 
GB       BJ5107 305619  6562928  419 -60 352.5 163    13/01/2012 NOT 
                                                                 Mineralised 
 
GB       BJ5287 305033  6562760  430 -57 353   203    12/02/2012 Pending 
 
Table 2: Intersection summary from assays received from the Gibraltar 
Exploration drilling 
 
Hole     From     To     Width  Au g/t 
          (m) 
                  (m)     (m) 
 
BJ5066  143.000 148.000   5.000    0.45 
 
BJ5066  166.000 191.000  25.000    1.68 
 
BJ5068  112.000 114.000   2.000    2.62 
 
BJ5077   96.000  98.000   2.000    0.52 
 
BJ5077  117.000 120.000   3.000    0.31 
 
BJ5098  105.000 107.000   2.000    0.64 
 
BJ5009   93.000  96.000   3.000    0.55 
 
BJ5009  141.000 146.000   5.000    0.86 
 
BJ5009  162.000 169.000   7.000    3.12 
 
BJ5040  143.000 149.000   6.000    0.50 
 
BJ5040  155.000 163.000   8.000    0.74 
 
BJ5062  143.000 147.000   4.000    0.60 
 
BJ5062  152.000 154.000   2.000    0.36 
 
BJ5082   90.000  95.000   5.000    0.41 
 
BJ5082  115.000 120.000   5.000   11.98 
 
 
 
 
 
END
GGG Resources (LSE:GGG)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more GGG Resources Charts.
GGG Resources (LSE:GGG)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more GGG Resources Charts.