REBgold Corporation
TSX VENTURE : RBG

REBgold Corporation

December 05, 2011 08:58 ET

Drill Rig Mobilized for Resource Expansion and Exploration Drilling

TORONTO, CANADA--(Marketwire - Dec. 5, 2011) - REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) is pleased to announce that a drill rig has been mobilized to the Osikonmaki Property at its JV in Finland. Drilling will commence in early January 2012.

At least 2000 meters of core drilling is planned for the first phase of the 2012 drill program. As the results come in from the first phase, the second phase of drilling will be planned. Drilling will target along strike and down dip extensions of the Osikonmaki East mineralization, including the high grade shallow mineralization discovered in the 2011 drilling campaign. Depending on results, additional targets along the 3km long structure could also be tested. These targets include the historic resource at Osikonmaki West and a number of geophysical and geochemical anomalies.

Other work planned for the next few months include metallurgical test work and assaying of historic holes.

Mark Burridge, Chairman, comments, "We are excited at the prospect of expanding the resource base and discovering additional mineralization at our projects in Finland."

Further information, including the results of the recent drilling and NI 43-101 Resource Reports can be found on the Company's website www.reb-gold.com.

REBgold PROFILE

REBgold is in the process of acquiring and developing economic interests in gold assets, in particular, where it can utilize its competitive advantages, to create shareholder value.

The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven for the liberation of precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's BACOX technology has been used at three gold mines located in Western Australia, Tasmania and China.

Shares outstanding 182,258,486

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • REBgold Corporation
    EJ Spencer
    Corporate and Investor Relations Administrator
    416-646-1850 X 242
    www.reb-gold.com