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RATEL GROUP ANNOUNCES NEW DRILL PROGRAM FOR THE SEGILOLA GOLD PROJECT
PERTH, Western Australia, June 8, 2011 /CNW/ - The Board of Ratel Group Limited ("Ratel",
"the Company") (TSX Code : RTG) is pleased to announce that it is carrying out a further
drill program at the Segilola Gold Project in Nigeria.
The aim of this new drill program is to test the strike and depth (plunge) extensions of
the existing known mineralised zone. A recent review of the original drilling results by
Stephen Mawson (Consulting Geologist) indicates that the mineralised zone is open in
both strike and dip directions and these areas will be tested it in the proposed drill program.
There is also evidence of a plunge to the North (strike) of the high grade mineralised zone,
this area is to be drill tested to determine suitability for underground mining.
A contract has been executed with Geohydro Consulting Limited, a Zambian based drilling
contractor who recently successfully completed a drill program at Ratel's Mkushi project
in Zambia. The new LongYearDiamond Drilling Rig and ancillaries have arrived at Apapa port
in Lagos, Nigeria and customs formalities are scheduled to be completed this week.
The program will include an additional 4,200m and should be completed in the third calendar
quarter of 2011.