BPC.L Regulatory News (BPC)

3 Mar 2005 14:39

Falkland Gold and Minerals Ltd03 March 2005 For immediate release 3 March 2005 FALKLAND GOLD AND MINERALS LIMITED Drilling Report Falkland Gold and Minerals Limited ("FGML" or "the Company"), the explorationcompany with exclusive rights to explore for gold and minerals in the FalklandIslands, is pleased to provide the following update on activities since theadmission of its shares to trading on AIM on 9 December 2004. FGML has started to commission its first surface drill rig on the Camilla Target(target number five), north of Goose Green. This target is thought to be anepithermal gold anomaly, and appears to represent an intrusive dyke associatedwith major North South- trending structures. It was identified by streamsediment sampling and airborne geophysics. A second surface drill rig has been purchased. This will provide back-up forthe first drill rig and may also provide an opportunity to accelerate the rateat which the targets are drilled. It is expected to be delivered to theFalklands by the end of this month. To support the exploration programme, a sample treatment and project facilityhas been established at Goose Green, and an administrative office at PortStanley. Enquiries FGML 020 7253 7670Richard Linnell, Executive Chairman Grandfield 020 7417 4170Marc Popiolek / Samantha Robbins WH Ireland 020 7397 3225Philip Haydn-Slater This information is provided by RNS The company news service from the London Stock Exchange