Persian Gold PLC
06 December 2005
Operational Update - encouraging gold results from Iran
Persian Gold (AIM: PNG), which is exploring for gold in Northwestern Iran, is
pleased to report additional geochemical results from the Zehabad and
Ghaleh-Sarhang prospects located within the Company's eight exploration
licences.
Underground sampling of the Zehabad vein system, a former small zinc-lead
producer gave the following gold results from sample points along the vein: 15.7
grams a tonne (g/t), 11.8 g/t, 9.4 g/t, 6.1 g/t, 4.4 g/t, 4.4 g/t, 3.8 g/t 3.7 g
/t, 3.3 g/t, and 2.8 g/t.
These results confirm the strong gold component to Zehabad which is being
targeted for further work. Zehabad represents a gold-rich base metal vein
located within a very large volcanic-hosted silica-alunite-clay alteration
system.
Sample results have also been received from the Ghaleh-Sarhang prospect located
six kilometres northwest of Twin Hills near the town of Takestan. Strongly
anomalous values up to 300 ppb gold have been returned from the silica-alunite
zone along the ridgeline of this prospect. Follow-up work is being planned.
Next stage prospecting on the Twin Hills gold-alunite target itself continues
with the submission of the work plan for trenching to the government. Upon
receipt of approval for this plan, Persian Gold's onsite teams will begin the
excavation of trenches across the large one square kilometre zone of anomalous
gold mineralization at Twin Hills.
The strong gold results from Zehabad, Twin Hills and Ghaleh-Sarhang are
particularly encouraging as gold has recently surpassed the $500 per ounce level
and investment interest in gold continues to surge.
Chairman John Teeling stated: 'These are good findings. We have now confirmed
the earlier good results of our first stage exploration. We anticipated the
strong results in Zehabad and have been pleasantly surprised by the findings at
Ghaleh-Sarhang. We have a lot of work to do not only on these prospects but
also on other areas within our licences where strong geological alteration is in
evidence.'
For further information please contact:
Persian Gold PLC
John Teeling, Chairman + 353 87 258 1178
Jack Teeling, Director + 353 1 833 2833
Bell Pottinger Corporate & Financial + 44 20 7861 3232
Nick Lambert
This information is provided by RNS
The company news service from the London Stock Exchange
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