Lero Gold Corporation
1 Red Place
London, W1K 6PL
United Kingdom
info@lerogold.com
www.lerogold.com
Tel: +44 (0)20 7518 3999
Fax: +44 (0)20 7518 3998
TSX-V: LER
PRESS RELEASE
20 May, 2008
Lero intersects 332.2m @ 0.69g/t Au and 0.14% Cu including 246.4m @ 0.89g/t Au
and 0.14% Cu at its Taldybulak-Talas Cu-Au Porphyry Prospect, Kyrgyzstan
Lero Gold Corp. ("Lero" or the "Company")(TSX-V: LER) is
pleased to announce an update of ongoing work at the Taldybulak-Talas Cu-Au
porphyry project, northwest Kyrgyzstan.
Following the 2007 drill programme, Lero completed an additional diamond drill
hole located 200m to the west of TBDD07-07 to test the extension of the
previously delineated high grade core in the Taldybulak Central zone.
TBDD07-24 was drilled in a north eastern direction to a depth of 405m and
intersected strongly potassic-altered stockworked porphyry from 70m below
surface to the end of hole. The start of alteration is consistent with that
previously intersected in TBDD07-07 and indicates that the high grade
mineralisation is plunging to the west, as modelled from previously interpreted
geophysics and the recently completed resource estimate.
The 2007 drill programme has now been completed and all assays received. The
design of infill, step-out and exploration drilling programmes for Taldybulak
Central has commenced with drilling forecast to begin in Q2 2008.
Significant intersections include:
* Au Values un-cut
A continuous zone of significant copper-gold mineralisation hosted in a quartz
dacite porphyry with dimensions of 1,000m (strike) by up to 350m (width) and
500m (depth) has now been delineated at Taldybulak Central. The higher grade
intercepts in TBDD07-24 coincide with an extensive zone of potassic-hematite
altered porphyry, as previously intercepted in TBDD07-07. This result enlarges
a higher grade core in the western part of Taldybulak Central. Mineralisation
at Taldybulak Central remains open at depth and along strike to the west.
The Taldybulak-Talas Cu-Au porphyry prospect is located within the prolific
Tien-Shan Gold Belt which is host to some of the world�s largest copper-gold
porphyries including a 93Moz porphyry cluster at Almalyk in Uzbekistan.
CEO of Lero, Dr Alexander Yakubchuk commented:
�In addition to the Taldybulak resource calculation announced in April 2008,
these positive results have extended the known mineralisation at Taldybulak
Central. TBDD07-24 was the second best hole of the 2007 programme and was
drilled outside the recently reported resource envelope. The results
demonstrate that the porphyry remains mineralised for an additional 200m along
strike to the west, giving Lero significant impetus to expand the reported
resource at Taldybulak Central.�
ENDS
Notes to Editors:
1. Lero Gold Corp. (TSX-V: LER) is a base and precious metal exploration
company led by a senior management team with extensive expertise in mineral
exploration and advanced project management. In July, 2006 Oriel Resources Plc
completed its previously announced transfer and sale of its gold related assets
into Lero Gold Corp. (�Lero�) (formerly ELE Capital Corporation � �ELE�). Lero
resumed trading on TSX Venture Exchange (TSX-V) on Thursday July 27, 2006 under
the trading symbol �LER�. Lero Gold is currently seeking and evaluating
advanced exploration stage gold and base metal projects in Kazakhstan,
Kyrgyzstan and Russia. The Company is currently exploring advanced staged gold
deposits in the Tien Shan gold belt in the Kyrgyz Republic and Rudny Altai polymetallic
belt in Kazakhstan.
2. All work carried out on site was reviewed by Matthew Boyes (Senior Geologist
and a Qualified Person under National Instrument 43-101). Assays were conducted
at the internationally certified Alex Stewart Assayers Lab in Kara-Balta,
Kyrgyzstan. Lero Gold Corporation operates a stringent QA/QC policy that
includes external certified standard samples and duplicates in each individual
batch sent for analysis.
3. For avoidance of confusion;
a. The Taldybulak-Talas copper gold porphyry is a separate deposit from the
Taldybulak Levoberezhny gold deposit previously owned by Central Asia Gold
Limited, and
b. The Talas Copper Gold Limited Liability Company, the holder of the Lero
owned Taldybulak licence, is a separate company from Talas Gold Mining Company
which was the owner of the Jerooy Gold project.
4. In November 2006, Lero granted Gold Fields Exploration B.V. an option to
enter into a joint venture agreement with the Company under which Gold Fields
Exploration B.V. has the right to;
a. earn up to a 60% interest in exploration licences on the Kentash, Taldybulak
and Korgontash tenements in the Talas Region by funding exploration
expenditures of up to CAD$10 million, and
b. increase its interest in the project by a further 10% (to a total of 70%) by
funding the expenditure of up to a further CAD$10 million on a feasibility
study. Thereafter, Gold Fields Exploration B.V. and Lero will contribute to the
project requirements on a pro-rata basis through to development, if
appropriate.
5. Gold Fields Exploration B.V. is an indirect wholly owned subsidiary of Gold
Fields Limited (NYSE, JSE, DIFX: GFI.)
6. The TSX Venture Exchange does not accept responsibility for adequacy or
accuracy of this release.
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For further information please contact:
Dr Alexander Yakubchuk, CEO, Lero Gold Corporation
Tel: +44 (0) 20 7514 0590
Gavin Dallas, Marketing and PR, Lero Gold Corporation
Tel: +44 (0) 20 7514 0590
Keith Schaefer, Vanguard Shareholder Solutions
Tel: + 1 604 608 0824
Michael Padley / Michael Spriggs, Bankside Consultants
Tel: +44 (0) 20 7367 8888
www.lerogold.com
Lero Gold
Vanguard Shareholder Solutions
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