Resource Expansion Drilling Commences
(firmenpresse) - TORONTO, CANADA -- (Marketwire) -- 01/16/12 -- REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE: RBG) is pleased to report that drilling commenced last week at the Osikonmaki Property in Finland.
Initial drilling will target along strike and down dip extensions of the Osikonmaki East mineralization, including the high grade shallow mineralization discovered in the 2011 drilling campaign. Depending on results, additional targets along the 3km long structure could also be tested, including the historic resource at Osikonmaki West and a number of geophysical and geochemical anomalies.
Other work planned for the next few months include metallurgical test work and assaying of historic holes.
Mark Burridge, Chairman, comments, "We believe that the resources outlined so far represent only a small portion of the mineralized system. Drilling in 2011 only went down to an average depth of 90m and covered only 850m of strike, out of a total strike of at least 3000m. Drilling in 2012 will expand upon this."
Further information, including the results of the recent drilling and NI 43-101 Resource Reports can be found on the Company's website .
REBgold PROFILE
REBgold is in the process of acquiring and developing economic interests in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value.
The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven for the liberation of precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.
Shares outstanding 182,258,486
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
REBgold Corporation
EJ Spencer
Corporate and Investor Relations Administrator
416-646-1850 X 242
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Datum: 16.01.2012 - 13:55 Uhr
Sprache: Deutsch
News-ID 104300
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Mining & Metals
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"Resource Expansion Drilling Commences"
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