bonanza grade gold results @ melrose

nice again
more details on melrose website

www.melrosegold.com.au

sorry for the capitals (cut and paste)

30 August 2011

MEDIA RELEASE FOR IMMEDIATE PUBLICATION
BONANZA GOLD GRADES AT MELROSE PROJECT
SECOND DIAMOND HOLE INTERCEPTS VISIBLE GOLD IN 20 METERS
OF MINERALISATION AT MELROSE PROJECT IN WESTERN
AUSTRALIA

SECOND DIAMOND HOLE AT MELROSE CONFIRMS HIGH GRADE GOLD
MINERALISATION AT DEPTH

20 METERS OF MINERALISATION IN SECOND HOLE WITH VISIBLE GOLD AT TWO INTERVALS OVER SEVERAL METERS

18 METERS OF MINERALISATION IN FIRST HOLE INCLUDING VISIBLE GOLD OVER 12 METERS

DRILLING CONFIRMS HIGH GRADE NATURE OF FRESH ROCK
MINERALISATION AT MELROSE WITH BONANZA GOLD GRADES IN BOTH
DIAMOND HOLES

STRONG POTENTIAL FOR LARGE HIGH-GRADE DEPOSIT IN ADDITION TO
CURRENT RESOURCE OF 340,000 OUNCES

DIAMOND CORES BEING SHIPPED TO PERTH

ASSAYS TO BE REPORTED WHEN AVAILABLE

Melrose Gold Mines Ltd is extremely pleased to advise that the second diamond hole drilled as part of a drilling
program at our owned and operated Melrose gold project has intercepted visible bonanza-grade gold within 20
metres of mineralisation. Visible gold occurs as two major veins. Hole was drilled to a total depth of 108 m.
The first of the holes drilled as part of the same program has intercepted visible gold within a 12 meter section of
solid ore-grade material consisting of quartz diorite with disseminated sulphides (mostly pyrite and pyrrhotite).
The total width of mineralisation intersected in first hole was 18m and also appears to be two major veins. This
diamond hole was terminated at 120m depth.
Assay results will be provided to the market when available. Melrose project is located approximately 170 km
from Leonora in the Eastern Goldfields of Western Australia (see map next page).
The presence of bonanza grade lodes intercepted at depth by current drilling program confirms the potential of
Melrose project to host significant additional gold mineralisation below the three known gold deposits. Melrose
project contains resource of 340,000 ounces in measured indicated and inferred categories. Approximately half of
the resource is in measured and indicated category. Melrose project is at the feasibility study stage with the aim
to commence production from the three known deposits at located Melrose project whilst continuing to explore for
additional gold deposits within 1,300 square kilometres of exploration ground at Melrose, Wonganoo, Ashburton
Downs, Capricorn and Gascoyne projects in Western Australia and at Batchelor and Green Alligator projects in
the Northern Territory.