Sihayo Gold Limited: Defined Further Gold Mineralsation Adjacent To The Main Resource

10:43 AEST Oct 15, 2010 ABN Newswire (C) 2004-2010 Asia Business News PL. All Rights Reserved.

Perth, Australia (ABN Newswire) - Sihayo Gold Limited (ASX:SIH) is pleased to announce that ongoing drilling at the Sihayo Pungkut gold project has intersected further significant gold mineralisation adjacent to the main Sihayo resource.

'Our results continue to be very encouraging and fully support the confidence we have that the overall Sihayo Pungkut gold resource is likely to grow significantly from the current 10.7 Mt @ 2.9 g/t Au for 1.01 million oz, as we continue to drill both to the northwest and southeast of the main Sihayo resource. Drilling activity was limited in the month of September due to the religious holiday period in Indonesia, however our 4 diamond rigs are now back operating at normal levels', said Paul Willis, Chief Executive Officer, Sihayo Gold Limited.


Significant intercepts adjacent to the main Sihayo resource included:

- SHDD407 3m @ 4.96 g/t Au from 40m and

2m @ 4.45 g/t Au from 104m and

10m @ 2.28 g/t Au from 109m and

4m @ 1.52 g/t Au from 122m

- SHDD408 9m @ 1.80 g/t Au from 27m

- SHDD409 9m @ 1.19 g/t Au from 33m

- SHDD122 (Re-entry) 8m @ 2.11 g/t Au from 112m and

12m @ 3.60 g/t Au from 137m


Extension of existing holes has confirmed mineralisation:

The three re-entry holes completed so far: SHDD121 (released on 7/09/2010), SHDD122 and SHDD114 have all successfully intersected mineralisation at the lithological boundary. These results confirm the geological modelling that identified multiple hard rock primary settings hosting gold bearing economic jasper lodes. There are a total of 29 re-entry holes designated that have potential to further define mineralisation.


EXPLORATION PLAN ADJACENT TO SIHAYO RESOURCE

The resource extension program is continuing with four diamond drill rigs drilling out the northern lode. On completion of northern lode drilling, dependent upon final assay results for all holes, an updated Sihayo JORC compliant resource estimate will be calculated.

Ongoing drilling is planned to be a combination of resource definition and testing the continuity of gold mineralisation to the northwest and southeast of the Sihayo resource, which represents a combined strike length of approximately 4.5km.

Table 1 (see link at the bottom of the release) summarises significant results for drill holes SHDD403 to SHDD412 and re-entry holes SHDD122 and SHDD114. Figure 1 (see link at the bottom of the release) is a surface plan summarising reported significant results and the ongoing drill plan.

For the complete Sihayo Gold announcement including figures and tables, please refer to the following link:
http://www.abnnewswire.net/media/en/docs/63955-ASX-SIH-509664.pdf


About Sihayo Gold Limited:

Sihayo Gold Limited (ASX:SIH) is a mineral exploration company with exploration projects in Indonesia.

With recent exploration successes at the company's Sihayo Gold Project, the Board of Sihayo Gold is focused on developing Sihayo Gold to a mining stage to generate maximum shareholders value.

Sihayo Gold is managed by a highly skilled and dedicated team. This team is firmly committed to increasing the value of the company through focused exploration on projects in highly prospective regions.
Management has assembled a high quality portfolio mineral asset that provides an excellent foundation for the company to move from explorer into miner.



Contact:

Paul Willis, Chief Executive Officer
Sihayo Gold Limited
Email: sihayogold@sihayogold.com
Tel: +61-8-9368-4544
http://www.sihayogold.com