i've been shouting - but are u listenin'???

  1. Yak
    13,672 Posts.



    Central Kalgoorlie Gold Mines Limited
    ABN 46 008 942 809
    Level 4, 140 St Georges Terrace, Perth, W.A. 6000 Telephone: (08) 9322 2288
    P.O. Box 7752, Cloisters Square W.A. 6850 Facsimile: (08) 9324 2164
    Email: [email protected]

    4 August 2003

    The Manager
    Company Announcements Platform

    Australian Stock Exchange
    th
    4 Floor, 20 Bridge Street
    Sydney NSW 2000

    Dear Sir

    Re: Nickel Mineralisation in Western Zone at Sherlock Bay

    The Directors of Central Kalgoorlie Gold Mines Limited (CKG) are pleased to announce the
    intersection of significant nickel mineralization in the western zone at
    Sherlock Bay.

    All six closed spaced shallow holes drilled in a traverse along co-ordinate 19725E intersected
    nickel mineralisation over 0.5% Ni showing continuous mineralisation from 20m to 100m
    below the surface.

    This traverse line is approximately 850 metres west of the western limit of the easter
    n
    mineralised zone (as reported in the Company.s announcement of 22 Ju
    ly 2003).

    Best results were as follows:

    Hole No. From To Interval %Ni
    SB29 117m 125m 8m 0.74

    Including 121m 123m 2m 1.08
    SB35 37m 46m 9m 0.60
    SB34 64m 81m 17m 0.66
    SB33 102m 107m 5m 0.94
    including 105m 106m 1m 1.75

    Since its most recent announcement of results on 22 July 2003, CKG compl
    eted a further 11
    RC drillholes totalling 1,222 metres. Drilling was concentrated on the western end of the
    mineralized horizon, under a small gossanous outcrop.

    The Company is very encouraged with these results as the mineralisation is of a higher
    grade than indicated from shallow drilling by the earlier exploration completed by Texas Gulf
    in the 1970.s.

    As previously announced on 19 May 2003, CKG intends to exercise its option to acquire the

    Sherlock Bay Project subject to shareholder approval.



    ------------------------------------------------------------- page 2


    Significant results from drilling completed in this phase are as follows
    :

    Drillhole From To Interval %Ni
    SB 29 117m 125m 8m 0.74
    SB 33 84m 87m 3m 0.52
    SB 33 102m 107m 5m 0.94
    SB 34 64m 81m 17m 0.66
    SB 35 37m 46m 9m 0.60
    SB 36 27m 41m 14m 0.55
    SB 37 20m 26m 6m 0.52
    SB 37 32m 36m 4m 0.56

    Drillhole Co-ordinates are as follows:
    Drillhole North East Decl Brg Depth
    SB 27 9967 19666 -60 180 228m
    SB 29 9918 19727 -60 180 137m
    SB 30 9914 19603 -45 180 150m
    SB 31 9895 19603 -60 180 150m
    SB 32 9875 19602 -60 180 114m
    SB 33 9898 19727 -60 180 114m
    SB 34 9879 19727 -60 180 102m
    SB 35 9859 19726 -60 180 48m
    SB 36 9850 19726 -60 180 53m
    SB 37 9839 19725 -60 180 50m
    SB 38 9855 19603 -60 180 76m
    Yours sincerely

    AL Gerick
    Managing Director
    Technical information contained in this report has been compiled by Garry Clark. Mr Clark is a Fellowofthe
    Australasian Institute of Mining and Metallurgy with over 30 years222 experience in the Australian mining
    industry and a minimum of five years, in the field of activity being reported on.

 
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