Red Back Mining Inc.

Red Back Mining Inc.

October 27, 2009 18:02 ET

Red Back Announces West Branch Getting Bigger

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 27, 2009) - Red Back Mining Inc. (TSX:RBI) (the "Company" or "Red Back") is pleased to announce further exploration results from drilling at the West Branch Deposit at its Tasiast Gold Mine in Mauritania ("Tasiast").

Recent drilling continues to support the discovery of a new and extensive zone of mineralization at West Branch, extending along strike and at depth below the current pit design.

The intercepts reported below and shown in the accompanying drill sections and plan map represent results and interpretations received and modeled since the last resource calculation (News Release: September 14, 2009).

Hole Id FromToMetresAu g/t
incl 242 250 8 14.89
TA02234RC 222309872.04
TA02233RC 212 234 22 2.74
TA02302RC  174 198 24 1.86
TA02310RC  158 184 26 1.28
  199 229 30 2.36
TA02222RC 176255792.76
incl 195 215 20 4.63
TA02224RC 145 194 49 2.73
incl 170 188 18 6.06
207 224 17 1.56
TA02236RC 202291893.14
incl 208 227 19 6.35
incl 283 303 20 4.91
TA02238RC 201300991.77
TA02315RC 271338672.16
incl 284 299 15 5.24
  350 367 17 2.95
TA02241RC 240286463.08
TA02316RC 237292553.11
incl 255 289 34 4.94
TA02320RC 243341982.37
TA02322RC 252303512.77
TA02227RC 199276772.31
TA02220RC 205 249 44 2.94
TA02305RC 195279842.07
TA02048RC 208293852.69
TA02228RC 149 177 28 4.56
incl 149 161 12 9.22
188 222 34 2.03
TA02229RC 171198272.28
incl 272 288 16 5.09
TA02312RC 239331922.21
incl 241 263 22 4.79
TA02225RC  165 192 27 1.69
  203 220 17 1.34
TA02226RC 154 224 70 1.41
TA02301RC  160 176 16 1.91
TA02308RC 147216690.95
TA02318RC  229 266 37 0.86
  272 300 28 1.01

Note: True width is estimated to be on average approximately 95% of drilled intercepts.

As shown in the attached Figure 1, the above intercepts lie outside the current pit design for West Branch. Given the consistent grade and robust widths of these new intercepts, the Company is confident that a high percentage of this mineralized zone will convert to Reserves.

Attached Figures 2 and 3 clearly demonstrate the potential for depth extension below the currently reported Resource at West Branch. As significantly, hole TA02235RC (Figure 4 - 62m grading 3.67g/t) extends the mineralization 175m to the north of the Resource. This new, wide, high grade zone has now been identified over a strike length of 750m and it remains open to the north and south and down dip. Drilling is ongoing.

Commenting, Richard Clark, President and CEO of the Company stated: "We are very excited by the recent drill results from Tasiast. The mineralization at West Branch is getting substantially wider and is consistently high grade. The Company is mobilizing more drills to site to fast track further resource and reserve increases. West Branch continues to grow at a fast pace, with no end in sight."

To view the Drill Sections/Figures and Plan Map accompanying this press release, please click on the following link:

About Red Back

Red Back Mining Inc. is an unhedged African focused mid-tier gold producer. It owns and operates the Chirano Gold Mine in Ghana (90% interest) and the Tasiast Gold Mine in Mauritania (100% interest). Major plant expansions at both Chirano and Tasiast are complete. Aggressive exploration programs aimed at increasing the Company's resource and reserve base at both Chirano and Tasiast are ongoing.

The technical contents of this release have been reviewed by Hugh Stuart, BSc., MSc, a Qualified Person pursuant to NI 43-101. Mr. Stuart is the VP - Exploration of the Company and a Member of the Australasian Institute of Mining and Metallurgy. Samples are prepared and analyzed by fire assay using a 50 gram charge at the SGS facility at the Tasiast mine site and at the SGS facility in Kayes, Mali in compliance with industry standards. Field duplicate samples are taken and blanks and standards are added to every batch submitted. Selected samples from this lab are check assayed each month at other SGS laboratories worldwide.

This News Release contains forward looking statements which are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward looking statements. The Company does not intend to update this information and disclaims any legal liability to the contrary.

On behalf of the Board of Directors:

Richard P. Clark, President

Contact Information

  • Red Back Mining Inc.
    Simon Jackson
    VP-Corporate Development
    Red Back Mining Inc.
    Sophia Shane
    Investor Relations