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05/02/06 2:21 PM

#1499 RE: FL #1472

Glencar finds Mali gold extension (GEX in London)

Tuesday, May 02 11:40:10

(BizWorld)

Irish exploration company Glencar Mining has confirmed that the recently completed drilling campaign at its Komana West target in southern Mali has proved successful.

It confirmed today that the programme has intersected further significant ore grade gold mineralisation.

The intersection was made up to 250 metres along strike to the south of the area drilled in the first phase of drilling last December, where one borehole intersected bonanza grades of 55.19 grams/tonne over 20 metres.


The second phase drilling programme comprised of 27 reverse circulation drillholes totalling 2,778 metres. The programme was designed to explore the potential extent of the mineralised zone encountered in the first phase programme.

The results of this second phase programme show that ore grade mineralisation over considerable widths exists 250 metres to the south of the previously reported mineralised zone.

This extends the currently known strike length of the ore grade mineralisation to 1,100 metres.