🕐05.11.09 - 04:02 Uhr

Drilling at Mutinys Bounty Project yields high grade gold hits



ASX Announcement/Media Release

5 November 2009

Drilling at Mutiny Golds Bounty Project yields high grade gold hits

Understanding of mineralisation potential significantly enhanced

HIGHLIGHTS
- Drill results confirm strong gold mineralisation,
- Strike length of Bounty mineralisation target increased to over 2km,
- Six of eleven drill holes in the program show significant gold
intercepts,
- Significant Results include :
1m @ 9.61 g/t Au and 1m @ 5.77 g/t Au from hole BZRC006
1m @ 5.13 g/t Au from hole BZRC005
1m @ 4.82 g/t Au from hole BZRC007

- Mineralised widths include 7m @ 1.81 g/t Au from 90m and 10m @ 1.20 g/t
Au from 60m in hole BZRC006, and
- Company to commence follow-up exploration activities immediately.

Australian diversified resources and exploration company, Mutiny Gold Ltd
(ASX: MYG)("Mutiny" or "the Company") has recorded a series of high grade
results and significantly enhanced its understanding of the mineralisation
potential at its Bounty Gold project in Western Australia, following a
recently completed first phase drilling program at the project.

Best intercepts from the drilling included;

- 7m @ 1.81 g/t Au from 90m (including 1m @ 9.61 g/t Au) and 10m @1.20 g/t
Au
(including 1m @ 5.77 g/t Au) from 60m in hole BZRC006, and
- 2m @ 2.66 g/t Au from 44m in hole BZRC007.

The holes both occur in Bounty Zone 3 and are 200m apart (see Figure 2).
The
mineralisation shown in these holes is open both at depth and along strike
and has led to the Bounty Zone 3 status being upgraded to a primary drill
target along its full strike


To view the full ASWX announcement use this
http://esp.gewru.com/download/files/12414/983493/BOUNTY%20DRILLING%20YIELDS%20HIGH%20GRADE%20GOLD%20HITS.pdf
For further information please contact:

John Greeve
Mutiny Gold Ltd
Tel: 08 9368 2722
Email:

David Tasker
Professional Public Relations
Tel: 61 8 9388 0944
Email:




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