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Republic Gold Limited (ASX:RAU) High Grade Copper-Gold Analysis Results For Burraga Tailings
Republic Gold Limited (ASX:RAU) High Grade Copper-Gold Analysis Results For Burraga Tailings

Brisbane, June 9, 2010 AEST (ABN Newswire) - Republic Gold Limited (googlechartASX:RAU) are pleased to provide shareholders with an update on recent sampling activities at the Company's Burraga Copper Project in Central New South Wales ("Burraga" or "Project"). Auger drill samples were taken from the tailings dump from the turn of the 20th Century Lloyd's Copper Mine operations, plus grab samples from the extensive slag dumps dating to the same period.

A total of 84 metres of auger holes (22 in total) were drilled, with the hole depth ranging from 2.0 to 7.5 metres deep. A number of holes were drilled to the depth capability of the auger and bottomed out still in tailings sand with good grades. The holes were spread across the tailings dump which covers an area of approximately 100 metres by 150 metres.

Grades encountered were highly encouraging. The average gold, silver and copper grades for the drilling were 0.30 g/t Au, 10.9 g/t Ag and 1.36% Cu. Gold grades ranged from 0.14 to 0.92 g/t Au. Silver grades ranged from 4.2 to 24.9 g/t Ag. Copper grades ranged from 0.60 to 5.59%. These grades accord well with historical data in reports in the Company's possession. Minor lead and zinc were also encountered.

The average copper grade encountered from the drilling accords well with the Company's grade range of 1.0 to 1.5% indicted in the announcement on Burraga in early May before any credits for the gold and silver are taken into account. The exploration target size of the tailings from that announcement was stated as 250,000 to 350,000 tonnes.

Six grab samples were taken from the extensive slag dumps, with an average gold grade of 0.09 g/t Au, average silver grade of 4.4 g/t Ag and average copper grade of 0.92% Cu.

A metallurgical testwork programme has been designed to test the recoverability of the metal in these tailings and the slag. Testwork on the tailings sand carried out in 1969 in a report in the Company's possession indicates relatively high copper recoveries (up to 83%) were achieved to a flotation concentrate.

A resource will now be calculated for this tailings stockpile.

Republic's Managing Director; John Kelly, said: "These are very encouraging analysis results and when taken with the historically recorded recovered grade from the Lloyd's Copper Mine of +3.4%, indicate the high grade nature of the copper mineralisation at Lloyd's. The relatively high grades in the tailings and the slag are positive for the economics of a potential small and simple tailings retreatment operation at Burraga."

Contact

John Kelly
Managing Director
Republic Gold Limited
Tel: +61-7-4092-2594
Mob: +61-418-577-759
www.republicgold.com.au



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