Monday, May 5, 2008

(AFX UK Focus) 2008-05-01 09:45 Norseman Gold says drilling results demonstrate potential of its prospects

LONDON (Thomson Financial) - Norseman Gold Plc. said preliminary results from exploration drilling demonstrate the potential of the AIM-listed company's prospects close to its Norseman treatment plant in Western Australia.

At Lady Miller North, 33 drill holes were completed to test 800 metres of northern strike extent of mineralisation from the previously mined Lady Miller open pit, which has a current resource estimate of 480,000 tonnes at 2.7 grammes a tonne of gold. The company said it received assay results from the first four holes and was gave positive information about three of the results.

It also said the result from the first hole on Mararoa North was pleasing and announced results from four of the 23 holes drilled at Slippers and from two of six holes drilled at Groundlark.



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