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Moto Gold Mines Limited Now On Radar of Every Major Gold Producer Because Of Exceptional Drilling Results Says CEO Klaus Eckhof

Moto Gold Mines (ASX:MTO) believes it is now on the radar of every major gold producer in the world following further exceptional results in the Democratic Republic of Congo according to CEO Klaus Eckhof.

Moto Gold Mines Limited Now On Radar of Every Major Gold Producer Because Of Exceptional Drilling Results Says CEO Klaus Eckhof
(PRWEB) May 8, 2005 -- Moto Gold Mines (ASX:MTO) believes it is now on the radar of every major gold producer in the world following further exceptional results in the Democratic Republic of Congo.

The extensive exploration programme in the north east of the central African country has produced results with the potential to add another two to three million ounces to its existing resource base.

"These results are different because it is in a new area of the overall ore body which has never been drilled before and it proves to everyone around the planet what a world class resource we have," said Klaus Eckhof, Moto Goldmines Limited Managing Director.

Down-plunge drilling on the Karagba Prospect has intercepted significant gold mineralisation at depth, including 5.19 grams at 118 metres and 5.85 grams per tonne gold at 20 metres.

"The drilling to date highlights the size of this ore body and even surpasses our own expectations, with a strike length of more than 200 metres, a thickness greater than 100 metres and a potential down plunge length of more than 450 metres," Mr Eckhof said.

The deposit is unique, accessible and valuable because it is an easy to mine flat-lying ore body with minimum overburden.

“The economics are looking really good and every time we drill a new area we are getting great numbers and this is just adding value to the company,” he said.

Moto is also drilling at Kombokolo, where a first pass reconnaissance programme has returned significant intercepts from all 11 shallow holes drilled, including 6.19 grams per tonne of gold at 10 metres.

“These new drilling results will help to upgrade our resource base which will be announced in the next ten days to in excess of 8 million ounces by August / September 2005,” Mr Eckhof said.

For Further information: Klaus Eckhof 041-1148 209, Thomas Murrell, 8M Media & Communications 0417 - 984 996

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"Après plus de 40 ans d’indépendance, l’Afrique offre au reste du monde un spectacle malheureux d’un continent pillé et humilié, et cela avec la complicité de ses propres fils et filles."

--Président Laurent Désiré Kabila

DRC'S NATIONAL ANTHEM - HYMNE NATIONALE DE LA RDC

LE DEBOUT CONGOLAIS:
Debout Congolais
Unis par le sort
Unis dans l'effort pour l'indépendance
Dressons nos fronts
Longtemps courbés
Et pour de bon, prenons le plus bel élan, dans la paix
Ô Peuple ardent
Par le labeur
Nous bâtirons un pays plus beau qu'avant
Dans la paix
Citoyens,
Entonnez,
L'hymne sacré de votre solidarité
Fièrement
Saluez
L'emblème d'or de votre souveraineté
Congo
Don béni,
Congo
Des aïeux,
Congo
Ô Pays,
Congo
Bien aimé,
Congo
Nous peuplerons ton sol, et nous assurerons ta grandeur
Trente juin, Ô doux soleil
Trente juin, du trente juin
Jour sacré, sois le témoin
Jour sacré de l'immortel
Serment de liberté
Que nous léguons
A notre postérité
Pour toujours.

Photo ci-dessous: Troupes rwandaises faites prisoniers de guerre par les Forces Armées Congolaises (FAC) de Laurent Désiré Kabila) à la suite de leur agression contre le Congo en 1998.