Dampier Gold Limited announced the results of at their Credo Gold JV with Torian Resources Limited (Credo Gold Project). The survey extended the orientation soil sample over the corridor between the previously defined Credo NW and the Credo Well resources. This part of the Credo JV tenements is amenable to surface soil sampling due to the relatively shallow weathering profile over the host gabbro.

Results of up to 193 ppb Au were received from the Credo Well North area in the orientation survey amongst a background level of gold of 2-5 ppb. Results from the recent sampling have returned several anomalous zones >5 ppb Au with up to 45 ppb Au in addition to the anomalies from the orientation survey up to 193 ppb Au. These zones fall within a broad north west trending corridor that contains the resources at Credo Well and Credo Well North.

This gold trend is coincident with a regional north west trending fold thought to have been a focus for fluid movement allowing open spaces to form in cross cutting structures within the normally competent gabbro host. The north east trending shears that host gold in drilling at Credo Well and Credo Well North suggest that they may be repeated in the anomalous zones throughout the soil survey. The gold also has support in arsenic assay results with a broad anomaly coincident with the high-grade corridor, further defining a hydrothermal gold system.

These results confirm the geological and mineralisation model seen at Credo Well and Credo Well North with the potential for one or more of these zones to provide further high-grade gold intercepts to supplement the known resources in the area. Reverse Circulation drilling will be undertaken the upcoming exploration programs to test the new anomalous zones due to the fresh gabbro near the surface in this part of the tenement area. The Gabbro host for the gold in the Credo Well area has been folded then fractured by late north east trending structures.

The brittle nature of the fracturing provides for excellent quartz vein development with gold hosted mostly within the veins. This drilling will be undertaken as part of the extensive drilling program currently scheduled to commence by the end of January. A drilling contractor has been secured and an aggressive program of Aircore and Reverse Circulation drilling is planned for the coming months.