Multiple Ounce Gold Hits Continue at Edna May

Catalpa Resources, the fast growing Australian gold producer today reports further high grade assay results from a surface diamond drill program testing high limestone screening vibration technical specification pdfgrade underground targets beneath the open pit at the Edna May Gold Project in Westonia, WA.

Drilling continues to demonstrate strong down-plunge continuity of highgrade gold mineralisation associated with the Edna May reef structures, with numerous high grade intersections being returned including a very significant intercept 0.63m @ 169.1g/t Au from 374.63m in EMD027 and 7.07m @ 25.5g/t Au from 390.06m in EMD028.

Drilling currently underway has also been highly successful in the identification of a fifth and possible sixth high grade zone located in the hanging wall of the Edna May Gneiss. The fifth high grade zone was identified by recently reported intersections of 1.12m @ 45.0g/t Au from 250.33m in EMD021 and 2.26m @ 4.1g/t Au from 230.84m in EMD022 together with 2.30m @ 3.6g/t Au from 230m in EMD020.

The sixth high grade zone was identified by a spectacular multiple ounce intersection of 2.10m @ 64.4 g/t Au from 223.70m in EMD020 supported by a recent narrower high grade intersection of 1.10m @ 38.0g/t Au in EMD022.

The encouraging results from this drilling program are anticipated to improve Mineral Resource confidence to the Indicated category in a significant portion of the area targeted. Drill results from this program also demonstrate both the potential to deliver a significant Resource upgrade and Reserve growth with an expected increase in ounces per vertical metre.

The maiden high grade underground Inferred Mineral Resource currently stands at 660,000 tonnes @ 9.1g/t gold for 195,000 ounces. This Mineral Resource is planned to be updated in February 2011 to include the results of the current drilling with an underground prefeasibility set to commence upon completion, advancing toward the goal of high grade underground production.

Edna May’s Mineral Resource now extends to 550 metres below surface (previously at 300 metres) with high grade mineralisation remaining open at depth. Total Catalpa Mineral Resources are estimated at 2.2 million ounces of gold.

Catalpa seeks to accelerate and expand on its drilling program in line with its vision to enhance the Edna May Gold Project with concurrent mining of high grade underground ore to considerably increase annual gold production.