Update on Gadzema Gold Project Exploration Dril...

African Consolidated Resources plc / Ticker: AFCR / Index: AIM / Sector: Mining
                                  18 May 2011
          African Consolidated Resources plc ('ACR' or 'the Company')
              Update on Gadzema Gold Project Exploration Drilling

African  Consolidated  Resources  plc,  the  AIM listed southern African focused
resource  development company, is  pleased to announce  interim drilling results
from  its Gadzema  Gold Project  in the  northern Midlands  district of Zimbabwe
('Gadzema' or 'the Project').

Highlights
  * Interim assays available for approximately 50% of a 13,000m drill programme
  * Drilling  covers  approx  2km strike  within  ACR's  7km long  Gadzema  gold
    project
  * Best intercepts include;
      * 6m @ 25.7 g/t from 35m - includes 2m @ 73.6 g/t (uncut)
      * 14m @ 2.0 g/t from 43m
      * 6m @ 5.8 g/t from 56m
      * 12m @ 2.3 g/t from 86m (see Table 1 below for details)

  * Style of mineralisation demonstrates amenity to bulk open-pit mining methods

  * Objective  to  increase  current  JORC  Inferred Resource of 746,000oz Au at
    Gadzema
  * Additional assays expected by the end of May 2011 followed by a updated JORC
    estimate in June 2011


ACR Technical Director Michael Kellow said, "Following the 174,000oz increase in
the  Gadzema Resource as reported earlier  this month, these additional drilling
results further underpin the prospectivity of our Gadzema Gold Project, where we
now have significant intercepts on several zones over 7km of strike length.  The
style of mineralisation is very amenable to bulk open-pit mining with attractive
economies of scale.  We are expecting all drilling assays to be completed by the
end of May, with a JORC estimation completed in June."

Detailed Results
The Company commenced an intensive drilling programme in January 2011, using two
Reverse  Circulation ('RC')  rigs on  double shifts,  and a diamond coring drill
rig.   Interim assay  results have  been produced  for nine  diamond drill holes
(BRDD  01-09) and for 45 Reverse Circulation holes (BRRC 109 -154), representing
6,700m of  the total 13,000m programme.  The remaining 6,300m drill programme is
anticipated to be completed by the end of May 2011.

The  drilling  has  been  carried  out  on  two parallel structural/lithological
corridors,  where  north  trending  thrusting  has created large quartz-sulphide
stockwork  vein systems  in felsic  porphyry intrusions,  and in adjacent banded
iron  formations and talc schists.  The system  is being explored over more than
7km of strike.

The  current drilling has been planned to increase the JORC Inferred Resource at
the  Gadzema Gold Project,  which currently stands  at 746,000oz.  Drill density
was  at line spacings  of 40m-80m and approximately  40m along lines, and covers
approx 2km of strike.  Drilling tested the mineralisation, which dips steeply to
the  east, to depths of 100-150m vertically  below surface.  Assays were carried
out  at 1m intervals by  Fire Assay method  using ISO accredited laboratories in
South Africa and Zimbabwe.

Table 1: Significant Gold Intercepts, Gadzema Project
+----------+-----------+---------+--------------+---------------+
| Hole_ID  |  From (m) |  To (m) | Interval (m) |  Au grade g/t |
+----------+-----------+---------+--------------+---------------+
| BRRC154  |    26     |   28    |     2.0      |      2.0      |
+----------+-----------+---------+--------------+---------------+
| BRRC149  |    94     |   99    |     5.0      |      3.1      |
+----------+-----------+---------+--------------+---------------+
| BRRC144  |    35     |   41    |     6.0      |     25.7      |
+----------+-----------+---------+--------------+---------------+
| Includes |    37     |   39    |     2.0      | 73.6 (uncut)  |
+----------+-----------+---------+--------------+---------------+
| BRRC143  |    105    |   108   |     3.0      |      3.7      |
+----------+-----------+---------+--------------+---------------+
| BRRC139  |    90     |   97    |     7.0      |      1.7      |
+----------+-----------+---------+--------------+---------------+
| BRRC135  |    118    |   127   |     9.0      |      1.2      |
+----------+-----------+---------+--------------+---------------+
| BRRC134  |    86     |   98    |     12.0     |      2.3      |
+----------+-----------+---------+--------------+---------------+
| BRRC134  |    66     |   69    |     3.0      |      5.8      |
+----------+-----------+---------+--------------+---------------+
| BRRC133  |    43     |   49    |     6.0      |      1.8      |
+----------+-----------+---------+--------------+---------------+
| BRRC130  |    43     |   57    |     14.0     |      2.0      |
+----------+-----------+---------+--------------+---------------+
| BRRC125  |    47     |   58    |     11.0     |      1.5      |
+----------+-----------+---------+--------------+---------------+
| BRRC124  |    78     |   82    |     4.0      |      2.6      |
+----------+-----------+---------+--------------+---------------+
| BRRC123  |    83     |   85    |     2.0      |      5.6      |
+----------+-----------+---------+--------------+---------------+
| BRRC112  |    56     |   62    |     6.0      |      5.8      |
+----------+-----------+---------+--------------+---------------+
| BRRC111  |    43     |   46    |     3.0      |      5.1      |
+----------+-----------+---------+--------------+---------------+
| BRRC109  |    115    |   126   |     11.0     |      1.2      |
+----------+-----------+---------+--------------+---------------+
1m fire assays; intercepts include up to 2m internal waste, 0.5g/t lower cutoff,
no top cut.

The  technical elements of this report have  been reviewed by Mr. Michael Kellow
(the  Company's Technical  Director). Michael  Kellow (BSc)  is a  member of the
Australian  Institute of Geoscientists (AIG) and a full-time employee of African
Consolidated  Resources  Plc.  Mr  Kellow  has  sufficient  experience  which is
relevant  to the style of mineralisation and type of deposit under consideration
and  to the activity which he is undertaking to qualify as a Competent Person as
defined in the 2004 Edition of the "Australian Code for Reporting of Exploration
Results,  Mineral Resource  and Ore  Reserves" (JORC  Code) and  as a "qualified
person"  as defined in the  AIM Note for Mining,  Oil and Gas Companies. Michael
Kellow consents to the publication of this report.

                                    **ENDS**

For further information visit www.acrplc.com or please contact:
Roy  Tucker                 African  Consolidated Resources [phone]
                            plc                             [phone]

Michael Kellow              African  Consolidated Resources [phone]
                            plc

Andrew Godber               Panmure Gordon (UK) Limited     [phone]

Callum Stewart              Panmure Gordon (UK) Limited     [phone]

Abhishek Majumdar           Panmure Gordon (UK) Limited     [phone]

Susie Geliher               St Brides Media & Finance Ltd   [phone]


GLOSSARY OF TECHNICAL TERMS


+----------------------------+-----------------------------------------+-------+
|Term                        |Explanation                              |Acronym|
+----------------------------+-----------------------------------------+-------+
|Au                          |chemical symbol for gold                 |       |
+----------------------------+-----------------------------------------+-------+
|banded iron formations      |chemical  sedimentary rock  consisting of|BIF    |
|                            |iron and quartz                          |       |
+----------------------------+-----------------------------------------+-------+
|diamond drilling            |Drilling    method   using   a   diamond-|       |
|                            |impregnated  cutting bit to obtain a core|       |
|                            |sample of rock                           |       |
+----------------------------+-----------------------------------------+-------+
|dip                         |the  orientation  of  a planar geological|       |
|                            |feature relative to horizontal           |       |
+----------------------------+-----------------------------------------+-------+
|Felsite                     |silica  rich  igneous  rock,  aka  felsic|       |
|                            |volcanic                                 |       |
+----------------------------+-----------------------------------------+-------+
|JORC                        |Joint   Ore  Reserves  Committee  of  the|       |
|                            |Australasian   Institute  of  Mining  and|       |
|                            |Metallurgy                               |       |
+----------------------------+-----------------------------------------+-------+
|mineralisation              |metallic minerals such as gold, base     |       |
|                            |metals, pyrite and arsenopyrite          |       |
|                            |incorporated in rocks                    |       |
+----------------------------+-----------------------------------------+-------+
|quartz                      |silicon  oxide  mineral  very  common  in|       |
|                            |hydrothermal deposits                    |       |
+----------------------------+-----------------------------------------+-------+
|resource                    |mineral  resource as defined  by the JORC|       |
|                            |Code 2004                                |       |
+----------------------------+-----------------------------------------+-------+
|reverse circulation drilling|rotary  percussion  drilling  whereby the|RC     |
|                            |sample  is returned from the cutting head|       |
|                            |inside  the rod string to surface thereby|       |
|                            |avoiding  contamination from the walls of|       |
|                            |the hole                                 |       |
+----------------------------+-----------------------------------------+-------+
|schist                      |metamorphic   rock  with  well  developed|       |
|                            |foliation                                |       |
+----------------------------+-----------------------------------------+-------+
|stockworks                  |zone of multiple quartz filled structures|       |
|                            |with individual veins often of random    |       |
|                            |orientation                              |       |
+----------------------------+-----------------------------------------+-------+
|strike                      |the horizontal orientation of a planar   |       |
|                            |geological feature                       |       |
+----------------------------+-----------------------------------------+-------+
|sulphide                    |sulphur bearing metallic mineral         |       |
+----------------------------+-----------------------------------------+-------+
|talc                        |magnesium iron silicate mica of          |       |
|                            |metamorphic origin                       |       |
+----------------------------+-----------------------------------------+-------+
|thrust                      |shallow dipping fault where the upper    |       |
|                            |body of rock overrides the lower portion |       |
+----------------------------+-----------------------------------------+-------+
|UNITS                       |                                         |       |
+----------------------------+-----------------------------------------+-------+
|g/t                         |grammes per metric tonne - metal         |       |
|                            |concentration                            |       |
+----------------------------+-----------------------------------------+-------+
|m                           |metre                                    |       |
+----------------------------+-----------------------------------------+-------+
|oz                          |fine troy ounce equaling 31.1048 grammes |       |
|                            |- normal unit used in selling gold       |       |
+----------------------------+-----------------------------------------+-------+







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Source: African Consolidated Resources Plc via Thomson Reuters ONE

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