Persian Gold Announcements

Operational Update

26 June 2008 07:00:05



RNS Number : 5487X Persian Gold PLC 26 June 2008  
?

26th June 2008
Persian Gold PLC

Drilling Commences on the Dalli Copper-Gold Project
Persian Gold (AIM:PNG), the Irish based Iranian gold and copper explorer, is pleased to announce that the next phase of drilling at their Dalli porphyry copper-gold project in Central Iran has commenced. The 1,000m drilling programme is targeted at the South Hill area at Dalli to test the lateral and depth extensions of the copper-gold mineralisation already identified.

As previously reported, DH-1 in the South Hill encountered continuous copper-gold mineralisation from the surface to 211 metres depth. DH-2, which was located 85 metres north of DH-1 on the South Hill, encountered continuous copper-gold mineralisation from the surface to 213 metres depth. 

This new drilling programme will investigate if this mineralisation continues at depth.

This release has been approved by Bahman Rashidi, a qualified geologist with more than ten years experience exploring in Iran.
Enquiries:

Persian Gold PLC

John Teeling, Executive Chairman
+353 (0) 1 8332833
College Hill
 
Nick Elwes
+44 (0) 20 7457 2020
Blue Oar Securities Plc
 
John Wakefield
+44 (0) 117 933 0020

This information is provided by RNSThe company news service from the London Stock Exchange  END  MSCILFSERIIEFIT

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.