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Outstanding Drilling Results For MOTO Goldmines Limited In The DRC
For Further information: Klaus Eckhof 041-1148 209, Thomas Murrell, 8M Media & Communications 0417 – 984 996.
25 March 2005
Drilling results from the Moto Gold Project in the Democratic Republic of Congo continues to inspire confidence in this relatively untested district for Perth-based Moto Goldmines Limited, a company listed on the Australian Stock Exchange.(ASX:MTO).
(PRWEB) March 25, 2005 -- Drilling results from the Moto Gold Project in the Democratic Republic of Congo continues to inspire confidence in this relatively untested district for Perth-based Moto Goldmines Limited(ASX:MTO).
Reconnaissance drilling at new and existing sites continues to highlight the significant potential of the Mengu Hill, Marakeke, Pakaka and Karagaba Prospects in the north east of the central African country for Moto Goldmines Limited.
“The results at Mengu Hill include 84 metres at 3.36 grams per tonne, 52 metres at 3.88 grams per tonne, 19 metres at 4.16 grams per tonne and 18 metres at 3.69 grams per tonne and define a northeast plunging shoot with a downplunge length of greater than 400 metres, a strike length of approximately 150 metres and a thickness exceeding 50 metres,” said Klaus Eckhof, Moto Goldmines Limited Managing Director.
At Karagaba results include numerous prospects ranging from 3.59 to 18 grams per tonne including 120 metres at 3.63 grams per tonne. Significant intercepts at Marakeke include 10 metres at nearly 5 grams per tonne and 12 metres at 2.4 grams per tonne, and Pakaka has yielded intercepts including 8 metres at nearly 10 grams per tonne and 44 metres at fewer than 2 grams per tonne.
“The results just keep on confirming this is a world-class deposit,” Mr Eckhof said.
Initial resource estimates for Mengu Hill, Mengu, Megi and Pamao Prospects and an upgraded resource estimate for the Pakaka Deposit will be prepared by RSG Global and are expected to be released in early May.
Moto has already estimated a total resource of 4.3 million ounces of gold for its Pakaka, Gorumbwa and Kabali deposits.
“Results from soil sampling at the Zone 1 prospect demonstrate the presence of an east northeast striking linear gold in soil anomaly stretching for nearly two
and a half kilometres,” Mr Eckhof said.
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