Drilling Report

RNS Number : 0353L

Persian Gold PLC

05 January 2009

 

Persian Gold PLC

Drilling report

5 January 2009 

Exploration Update on Dalli

Persian Gold (AIM:PNG), the Irish based Iranian gold and copper explorer, is pleased to provide results from the trenching programme at the South Hill of Dalli. The property, which lies 200km southwest of Tehran, is a gold/copper porphyry with extensive surface mineralisation and two distinct centres located 1.7km apart. It is a joint venture between Persian Gold (70%) and Dorsa (30%), a local Iranian company.

A total of 1220 metres in 8 trenches have been placed in the South Hill area and samples taken every 2 metres at the main hill and 4 metres away from the main hill. A total of 475 channel samples were collected from these trenches. The channel samples were analysed for gold and copper as well 43 other elements in ALS Chemex Lab in Canada and these results include:

Trench No.	Total Length	Mineralised Interval (m)	Gold (g/t)	Copper (%)
TR01	176	176	0.91 g/t	0.34%
TR02	188	188	1.1 g/t	0.33%
TR2450	216	128	0.64 g/t	0.5%
TR2540	120	120	1.0 g/t	0.32%
TR2600	116	78	0.82 g/t	0.62%
TR2340	180	44	0.4 g/t	0.1%
TR2400	184	40	0.1 g/t	0.3%
TR2030	40	40	0.04 g/t	0.05%

Three of these trenches were placed along the azimuths of the drill holes DDH01, DDH02 and DDH07. Results from these holes were reported earlier. The gold and copper concentrations in the trenches show a very good correlation at depth with the borehole results.

The results of drilling, trench sampling and surface geological mapping, show that the gold and copper mineralisation is still open at north-northwest of South Hill.

A detailed 3D model of the deposit will be completed in Q1 2009, which will include an estimate of potential tonnage.

This release has been approved by Bahman Rashidi, Country Manager, for Persian Gold and a qualified geologist with more than eleven years experience exploring in Iran.

Enquiries:

Persian Gold PLC
John Teeling, Executive Chairman	[phone]
College Hill
Paddy Blewer Nick Elwes	[phone]
Blue Oar Securities
Nick Lovering Toby Gibbs	[phone]

 

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