Exploration UpdateWed Jun 14, 2006
Second Hole Completed at Itetemia; RC Drilling Underway at Nyanzaga North
--------------------------------------------------------------------------------
A second diamond drill hole, GHDD-030, has been completed at a depth of 310 metres at the company's Itetemia gold project which adjoins Barrick's Bulyanhulu gold mine.
A third hole, GHDD-031, had reached a depth of 105 metres following the night shift on June 13th.
In the meantime, an RC (Reverse Circulation) drill program has commenced on the company's Nyanzaga North Project Area which is situated proximal to the highly prospective Nyanzaga-Kitongo-Luhala Corridor.
A major west-northwest trending shear is located towards the northern part of the Nyanzaga project area. Mineralization appears to be associated with this shear and within a granodiorite host.
A total of 10 holes aggregating 20 metres each have been drilled so far.