Solomon Gold announces Queensland upgrade



30 November 2011 @ 12:10 pm BST

Solomon Gold has announced a further upgrade of its inferred resource at its 100% owned Rannes Project in Central Queensland, Australia.

It has increased from 675,779oz to 812,000oz, representing a 20% increase.

Commenting on the resource upgrade, Malcolm Norris, Chief Executive of Solomon Gold, said: "The Board is highly encouraged by today's further resource estimate upgrade.

"Drilling continues at the company's Kauffmans, Crunchie, Shilo, Double Scoop and Nicks Prospects with shallow, percussion drilling and deeper diamond drilling., Exploration also continues at the 21 other nearby prospects, which have been identified in the Rannes Project area, with the aim of delivering the company's objective of defining 2m ounces of gold equivalent."

At 12:10pm: (LON:SOLG) share price was +4.01p at 12.88p

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