Wholly owned D’Aguilar subsidiary, Central Minerals Pty Ltd, is pleased to report that excellent grades and widths of gold and silver have been returned from first pass drilling on three of four prospects at the Rannes project in Central Queensland (refer to Location Map, Figure 1). The four prospects drilled – Kauffmans, Crunchie, Homestead and Porcupine Pie – are shown in red on the accompanying Figure 2.

Highlights

• Kauffmans Prospect: hole KAU 6 intersected 38 metres averaging 1.78 grams per tonne gold (g/t Au) and 25 g/t silver (Ag) from 28m to 66m downhole depth (previously announced – see ASX Announcement 21 November 2007). This intercept included 4 metres @ 6.35 g/t Au from 50m to 64m depth which also contained 36 g/t Ag and 400 ppm molybdenum (Mo).
• Crunchie Prospect: hole CRU 14 intersected 32m @ 1.84 g/t Au and 41 g/t Ag from surface. This intercept included 16m @ 3.1 g/t Au and 51 g/t Ag from 2m to 18m downhole depth.
• Crunchie Prospect: hole CRU 15 intersected 40m @ 1.17 g/t Au from 12m to 52m including 6m @ 2.76 g/t Au between 32m and 38m. Final silver assays pending.
• Porcupine Prospect: hole POR 3 intersected 8m @ 6.23 g/t Au from 4m to 12m downhole. Final silver assays pending.

Rannes Gold Project – First Pass Drilling Phase
Central Minerals has drilled 16 reverse circulation drill holes for 1,302 metres at the Rannes Gold Project, on the first four (4) prospects defined by soil sampling. All gold assays relating to this initial program have now been received however, some higher grade silver assays are still awaited. Table 1 summarises all assay results received to date for the 16 drillholes.

Recent geological work and the drilling results to date indicate that the deposits are in the form of shallow pitching shoots that are preferentially developed in altered gently dipping limestone horizons, as opposed to the volcanic rocks. A shallow pitch implies that most of the recorded gold intercepts are close to true thickness (about 75% of the intersections).

Gold Mineralisation Style – similar to Carlin Trend, Nevada USA
Rannes gold mineralisation is considered to be “epithermal” in origin – as is the deposit at Cracow 120kms to the South. However, the association of the fine‐grained gold mineralisation with limestone rocks is more akin to the major Carlin‐styled gold orebodies in Nevada, USA. Geological knowledge about the Rannes Gold Project in SE QLD is at a very early stage and will increase rapidly as exploration proceeds across this large gold district which lies in tenements held by the Company.

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