Ampella named gold explorer of the year

Ampella Mining Limited today announced that it has becc 400 x 600 jaw crusheren named 2010 Explorer of the Year by Gold Mining Journal. “It is in an honour to receive such an award that has been judged by our peers in the industry,” said Dr Kitto, CEO and Managing Director of Ampella.

“Our exploration success is due to a dedicated and hardworking team of employees who are continuing to work towards upgrading our current resource and targeting new prospects at Batie West.”
The state of Ampella’s recently completed $800,000 camp was reflective of the professionalism and devoted approachthe companyhas towards being a 200,000 ozpa gold producer within four years. In less than two years Ampella has established a 1.2 moz resource at the Konkera deposit.

The global resource stands at 18.5mt @ 2 g/t for 1.194 moz (cut-off 1 g/t). The company plans to upgrade that resource before Mining Indaba 2011 in Cape Town and the resource is expected to double in size. Judging by events that occurred earlier in the year, when 60,000 artisanal miners swamped some of Ampella’s 1,800sq km tenement holding at Batie West during a gold rush in February, it can be safely assumed there is plenty more gold in Ampella’s ground and a resource upgrade in the range of 3 moz is possible. Recent deep drilling over a 3km strike at Konkera has confirmed gold mineralisation continues at depth...