De Beira Goldfields Inc.
OTC Bulletin Board : DBGF
FRANKFURT : D1Q

De Beira Goldfields Inc.

November 23, 2006 05:31 ET

De Beira-Commencement of Drilling at the Titiribi Copper/Gold Project, Colombia

PERTH, WESTERN AUSTRALIA--(CCNMatthews - Nov. 23, 2006) - DE BEIRA GOLDFIELDS INC. ("DE BEIRA" or the "Company") (OTCBB:DBGF)(FWB:D1Q)(WKN:A0JDS0) announces commencement of drilling at the Titiribi Copper Gold project in Colombia.

A 6,000 metre drill program started late on November 21 at the Titiribi project located 70 km southwest of the city of Medellin with diamond drill hole TR - 1. The program is being conducted by a drilling contractor, Terramundo Drilling, Inc., and is expected to be completed over the duration of approximately 4 months. The current drilling is testing the Chisperos target, an area of breccias and veins in argillically altered hypabyssal intrusives.

Titiribi is a historic multi-million ounce gold and base metal mining district set in the Mid Northern region of Colombia approximately 70 kilometers southwest of Medellin. Recorded mining activity commenced in 1794, and more or less continuous production, at differing scales, has been observed since that time. In the 1800's and early 1900's Au-Ag (Zn-Pb-Cu) production came from at least 14 principle-mining areas within a three-kilometer radius of the town of Titiribi. Activity from approximately 1942 to present can be classified as minimal and strictly artisanal in nature. Peak production activity dates from the period 1885 through 1930.

DE BEIRA GOLDFIELDS INC.

Reg Gillard, Director

About DE BEIRA GOLDFIELDS INC.

DE BEIRA is a Nevada based mineral exploration company. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.

Contact Information

  • De Beira Goldfields Inc.
    Reg Gillard
    Director
    +61 (08) 9240 1377
    +61 (08) 9240 2406 (FAX)
    Website: www.debeira.com