BONANZA GRADE GOLD ASSAYS – 845g/t (27oz/t)
POTENTIAL NEW GOLD REGION AT YAMARNA
Eleckra Mines Limited (“Eleckra” or “the Company”) (ASX: EKM) is pleased to announce the highest gold
intercepts recorded from its wholly-owned Yamarna Gold Project, 140km east of Laverton, Western
Australia.
The intercepts, including 1 metre @ 845 g/t, continue the positive trend of results emerging from Yamarna
and confirm the Company’s confidence of discovering and developing a major new gold region in WA.
Highlights:
* 1 metre @ 845 g/t Au within an intercept of 5 metres @ 146 g/t Au (average*) from 226 metres,
recorded from 10EYRC0103;
* Intercept located approximately 30-40 vertical metres below the intercept 1 metre @ 404g/t Au in
RC hole 10EYRC0002 drilled in April 2010;
* Continuing findings of visible gold within tenement area.
Eleckra Executive Chairman, Mr Ian Murray, said these latest results from the Central Bore deposit,
combined with last week’s discovery of gold mineralisation over 7 metres at the Justinian Trend, just 200
metres away, confirmed Yamarna’s potential as a high-grade regional gold play.
The results have bolstered the Company’s confidence in its drilling exploration program with a decision to
double its targeted drilling activity to 60,000 metres in 2011.
“These are our most exciting results to date and provide further proof that we will continue to prove up the
un-tapped potential of this historically under explored region,” Mr Murray said.
“With our RC drilling exploration program continuously highlighting exceptionally high-grade results, we
believe we are looking at the emergence of a new major gold-province,” Mr Murray said.
“We have a substantial ground holding of more than 4,100km2 in the area and have committed to expand
our drilling exploration program.”
“Yamarna’s geographical location has meant that the region has been historically under-explored, yet the
potential mineral endowment could be comparable with other more extensively explored Archaean
Greenstone belts in the Yilgarn Craton. We have spent considerable time and expense to establish a
permanent camp and year round access and we dominate the ground holding over most of the prospective
Yamarna Greenstone belt. The effort has paid off as we have access to the potential upside of nearly this
entire region.”
Visible gold was also panned from other as yet unassayed holes drilled at the northern shoot, 10EYRC0104
to 10EYRC0106. The results suggest that this super high-grade shoot “The Imperial Shoot” could persist
further down a steep plunge. The remaining results from the first batch of assays are expected within the
next weeks. Other results from this program will be reported as they become available.
In the current program, Eleckra has completed 13 RC holes (10EYRC0094 to 10EYRC0106) for 3,257
metres at the Central Bore deposit and 4 RC holes for 643 metres at the Justinian Trend so far. The 500
metre long Justinian Trend is located approximately 200 metres east of Central Bore. The current RC
drilling program will be finalised later this year. Eleckra aims to publish a maiden JORC resource in early
2011.
Yours sincerely
IAN MURRAY
POTENTIAL NEW GOLD REGION AT YAMARNA
Eleckra Mines Limited (“Eleckra” or “the Company”) (ASX: EKM) is pleased to announce the highest gold
intercepts recorded from its wholly-owned Yamarna Gold Project, 140km east of Laverton, Western
Australia.
The intercepts, including 1 metre @ 845 g/t, continue the positive trend of results emerging from Yamarna
and confirm the Company’s confidence of discovering and developing a major new gold region in WA.
Highlights:
* 1 metre @ 845 g/t Au within an intercept of 5 metres @ 146 g/t Au (average*) from 226 metres,
recorded from 10EYRC0103;
* Intercept located approximately 30-40 vertical metres below the intercept 1 metre @ 404g/t Au in
RC hole 10EYRC0002 drilled in April 2010;
* Continuing findings of visible gold within tenement area.
Eleckra Executive Chairman, Mr Ian Murray, said these latest results from the Central Bore deposit,
combined with last week’s discovery of gold mineralisation over 7 metres at the Justinian Trend, just 200
metres away, confirmed Yamarna’s potential as a high-grade regional gold play.
The results have bolstered the Company’s confidence in its drilling exploration program with a decision to
double its targeted drilling activity to 60,000 metres in 2011.
“These are our most exciting results to date and provide further proof that we will continue to prove up the
un-tapped potential of this historically under explored region,” Mr Murray said.
“With our RC drilling exploration program continuously highlighting exceptionally high-grade results, we
believe we are looking at the emergence of a new major gold-province,” Mr Murray said.
“We have a substantial ground holding of more than 4,100km2 in the area and have committed to expand
our drilling exploration program.”
“Yamarna’s geographical location has meant that the region has been historically under-explored, yet the
potential mineral endowment could be comparable with other more extensively explored Archaean
Greenstone belts in the Yilgarn Craton. We have spent considerable time and expense to establish a
permanent camp and year round access and we dominate the ground holding over most of the prospective
Yamarna Greenstone belt. The effort has paid off as we have access to the potential upside of nearly this
entire region.”
Visible gold was also panned from other as yet unassayed holes drilled at the northern shoot, 10EYRC0104
to 10EYRC0106. The results suggest that this super high-grade shoot “The Imperial Shoot” could persist
further down a steep plunge. The remaining results from the first batch of assays are expected within the
next weeks. Other results from this program will be reported as they become available.
In the current program, Eleckra has completed 13 RC holes (10EYRC0094 to 10EYRC0106) for 3,257
metres at the Central Bore deposit and 4 RC holes for 643 metres at the Justinian Trend so far. The 500
metre long Justinian Trend is located approximately 200 metres east of Central Bore. The current RC
drilling program will be finalised later this year. Eleckra aims to publish a maiden JORC resource in early
2011.
Yours sincerely
IAN MURRAY
