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Mt Morgans Exploration Update

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Mt_Morgans_Exploration_Update_28_May_2010.pdf

 

 Highlights

 Mt Morgans 

  • Successful exploration of highly prospective ground around Mt Morgans will underpin expanded production.
  • Commenced 1,500m drill testing program of the Craic and the Xena prospect at Mt Morgans.
  • Encouraging preliminary results from the Craic drill program.
  • Planning for drill testing of Morgans North and the Moonstone prospect commenced.
  • Recently acquired 3D modelling of geological information for the Mt Morgans Operation area will greatly assist exploration targeting.

Indee

  • NWME geologists commenced exploration at Indee.
  • 3,150m diamond drilling program funded by Chinese joint venture partner, NWME, at Indee planned to commence by mid June.

Overview

Range River Gold Ltd (ASX Code: RNG) is progressing with its established exploration program on the Mt Morgans Project and has recommenced exploration at the Indee Project.  Both projects are located in Western Australia.

The exploration program at Mt Morgans is the first step in delivering on the aim of increasing gold production from 40,000 ounces per annum to 100,000 ounces per annum within five years.

This update provides some examples of the large number of opportunities and targets being developed at Mt Morgans.

The Company has commenced drilling at depth with a view to extending and reclassifying known resources at the currently producing Craic gold deposit.

Drill testing of target area Xena, identified by the Company, will also be part of this program.  Applications have been made to undertake drilling on two further drill targets, Morgans North and Moonstone, also identified by the Company.  These latter opportunities form advanced targets for extensions of known deposits and brownfield discoveries of new deposits.