Information  X 
Enter a valid email address

Randgold Resources (RRS)

  Print      Mail a friend       Annual reports

Monday 25 November, 2002

Randgold Resources

Model shows new opportunities

Randgold Resources Ld
25 November 2002

For immediate release



For further information call:

(CEO) Mark Bristow  +44 779 775 2288
(CFO) Roger Williams  +44 779 771 9660



                                 NEW GEOLOGICAL

                      MODEL SHOWS ADDITIONAL OPPORTUNITIES


London, 25 November 2002 - A new geological model for Morila has been developed
from the latest drilling and pit mapping information.  A shallow dipping shear
zone controls the mineralisation with high grades concentrated along the axis of
a northeast trending fold. The gold zone is surrounded by a halo of altered
rocks which confirms the presence of a large mineralised system.  The ore body
is essentially flat and is only exposed at surface in the south due to
displacement by faulting caused by an intrusion.  The latest work has led to a
better understanding of the deposit geometry and confirms that the current
orebody is still open in the southwest, east and west.  Because of the
ordebody's flat nature there are additional opportunities to locate hidden
mineralised pockets within the lease area in similar settings to Morila.
Exploration programmes this field season will focus on drilling the orebody
extensions and trying to find new ones concealed beneath cover rocks east of
Morila and in the northwest at San Extension.




Issued on behalf of Randgold Resources Limited by du Plessis Associates.

 dPA contact Kathy du Plessis on Tel: 27(11) 728 4701,  mobile: (0)83 266 5847
or e-mail randgoldresources@dpapr.com



                                  DISCLAIMER:

Statements made in this release with respect to Randgold Resources' current
plans, estimates, strategies and beliefs and other statements that are not
historical facts are forward-looking statements about the future performance of
Randgold Resources. These statements are based on management's assumptions and
beliefs in light of the information currently available to it.  Randgold
Resources cautions you that a number of important risks and uncertainties could
cause actual results to differ materially from those discussed in the
forward-looking statements, and therefore you should not place undue reliance on
them.  The potential risks and uncertainties include, among others, risks
associated with:  fluctuations in the market price of gold, gold production at
Morila, estimates of reserves and mine life and liabilities arising from the
closure of Syama.  Randgold Resources assumes no obligation to update
information in this release.


                      This information is provided by RNS
            The company news service from the London Stock Exchange