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MENAFN - ProactiveInvestors - Australia - 22/11/2012

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(MENAFN - ProactiveInvestors - Australia) Gold Anomaly (ASX: GOA) has kicked of a diamond drilling program at the company's Jolly Tar Gold-Graphite project near Croydon in North Queensland.

The program will consist of five vertical drill holes to intercept rocks responsible for the IP anomaly that may contain either or both gold and graphite zones, with results expected to flow through in the March quarter 2013.

Gold Anomaly has completed an analysis of all historical drilling results at Jolly Tar which identified that many of the drill logs reported significant graphite intercepts - in addition to gold.

Graphite up to 50% was logged in 53 of 59 holes drilled over a strike length of in excess of 800 metres.


2011 exploration

During 2011 gradient array and dipole-dipole Induced Polarisation surveys were conducted at Jolly Tar, resulting in detection of a new plus 800 metre strong and persistent IP chargeability anomaly.

 






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