Clontarf Regulatory News (CLON)

6 Dec 2005 07:30

Persian Gold PLC06 December 2005 Operational Update - encouraging gold results from Iran Persian Gold (AIM: PNG), which is exploring for gold in Northwestern Iran, ispleased to report additional geochemical results from the Zehabad andGhaleh-Sarhang prospects located within the Company's eight explorationlicences. Underground sampling of the Zehabad vein system, a former small zinc-leadproducer gave the following gold results from sample points along the vein: 15.7grams a tonne (g/t), 11.8 g/t, 9.4 g/t, 6.1 g/t, 4.4 g/t, 4.4 g/t, 3.8 g/t 3.7 g/t, 3.3 g/t, and 2.8 g/t. These results confirm the strong gold component to Zehabad which is beingtargeted for further work. Zehabad represents a gold-rich base metal veinlocated within a very large volcanic-hosted silica-alunite-clay alterationsystem. Sample results have also been received from the Ghaleh-Sarhang prospect locatedsix kilometres northwest of Twin Hills near the town of Takestan. Stronglyanomalous values up to 300 ppb gold have been returned from the silica-alunitezone along the ridgeline of this prospect. Follow-up work is being planned. Next stage prospecting on the Twin Hills gold-alunite target itself continueswith the submission of the work plan for trenching to the government. Uponreceipt of approval for this plan, Persian Gold's onsite teams will begin theexcavation of trenches across the large one square kilometre zone of anomalousgold mineralization at Twin Hills. The strong gold results from Zehabad, Twin Hills and Ghaleh-Sarhang areparticularly encouraging as gold has recently surpassed the $500 per ounce leveland investment interest in gold continues to surge. Chairman John Teeling stated: "These are good findings. We have now confirmedthe earlier good results of our first stage exploration. We anticipated thestrong results in Zehabad and have been pleasantly surprised by the findings atGhaleh-Sarhang. We have a lot of work to do not only on these prospects butalso on other areas within our licences where strong geological alteration is inevidence." For further information please contact: Persian Gold PLCJohn Teeling, Chairman + 353 87 258 1178Jack Teeling, Director + 353 1 833 2833 Bell Pottinger Corporate & Financial + 44 20 7861 3232Nick Lambert This information is provided by RNS The company news service from the London Stock Exchange