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Allied Gold enjoys continued drilling success at Pigiput and Pigibo prospects

27 November 2009

Allied Gold is still enjoying exploration drilling success at the Pigiput and Pigibo gold prospects on Simberi Island in Papua New Guinea.

The company has received further high-grade gold assays from diamond core and reverse circulation holes and the latest results continue to affirm the continuity of gold grade and width of mineralisation, at both the Pigiput and Pigibo prospects.

Allied is currently undertaking in-fill and step-out drilling at the two prospect areas, which are centred 800 metres apart in the central part of mining lease ML136. The Pigiput deposit is currently the subject of a sulphide resource drill-out programme and pre-feasibility study.

The company plans to undertake a re-estimation for both resources and reserves for the Pigiput prospect by the end of the first quarter in 2010.

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Mining

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