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Tuesday, 25th July 2006 (3262 views)

BDI Mining has announced further "significant" assay results from recent drilling at its Woodlark Island gold project in Papua New Guinea.

Two new drill holes have confirmed the existence of "significant gold mineralisation", which can be traced up dip from deeper, high-grade holes, the company said.

Drill hole BKRD49 returned assays of 32 metres at 3.24 g/t Au from 38 to 120 metres downhole. Drill hole BKRD50 returned assays of ten metres at 3.33 g/t Au from 74 to 84 metres downhole.

Both drill holes were drilled 50 metres to the west of the previously announced diamond drill holes BKD32 and BKD33 at the Kulumadau deposit.

BDI said it will soon revise its current resource estimate of 880,000 ounces of gold at the Woodlark Island project to incorporate all recent drilling to the end of June 2006.

The Woodlark Island gold project in Papua New Guinea is 100 per cent owned by BDI Mining.

 

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