🕐20.11.09 - 01:54 Uhr

Scotgold re-commences drilling at Cononish Gold and Silver Project



ASX Announcement: Scotgold Resources (ASX: SGZ) 20 November 2009 Scotgold re-commences drilling at Cononish Gold and Silver Project Diamond drill program recommenced at Cononish to: - Infill areas of Inferred resource within the existing JORC resource test high grade gold targets inside adit but not included in JORC resource, - including quartz vein with historic intersections averaging 30.5 g/t gold and with assays values up to 119.9 g/t gold Summary Scotgold Resources Ltd (ASX:SGZ) has resumed drilling at the Cononish Gold and Silver roject in Scotland.

The objectives of the program are two-fold: - to infill a portion of the existing Inferred JORC Mineral Resource at Cononish as a part of the Companys ongoing program to advance the project to production, and - to test high grade gold targets (up to 119.9g/t gold) which lie within the recently identified eastern extension of the Cononish mineralisation and outside the envelope of the JORC Mineral Resource. An initial program of three NQ size diamond drill holes will be drilled from surface in 2009, consisting of one hole into the existing JORC Resource to be followed by a further two holes into the recently identified eastern extension. Subject to weather conditions, the resource classification drilling will continue in early 2010 when a further seven NQ holes are planned for drilling within the JORC envelope. The NQ drilling will also target mineralization outside the JORC resource envelope, specifically the potential down dip continuation of the mineralisation encountered in trenches (up to 16.12 g/t Au over 2.10 metres) surface drill holes (up to 73.10 g/t Au over 1.77 metres) and underground holes (up to 12.35 g/t Au over 1.49 metres). During the same period a program of 12 short AQ size diamond drill holes will be be drilled from within the Cononish adit.

These short holes will test for possible extensions to the identified mineralisation in the eastern part of the adit outside the existing JORC resource, in particular a 1.6 metre-wide quartz vein where high grades (up to 119.9 g/t gold and 97.2g/t silver) have been reported from historic assays. To view the full ASX announcement please click here. http://esp.gewru.com/download/files/12414/1001788/Commence%20Redrilling%20at%20Cononish.pdf For further information please contact: Shane Sadlier Non-Executive Director Scotgold Resources Limited Lindsay Street, Perth WA Tel: +61 (8) 9428 2950 Mobile: +61 (0) 411 704 498 E: Melanie Gray Professional Public Relations Tel: 08 9388 0944 / 0423 602 353 E:
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