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Last Updated: 01/05/2012

Additional High Grade Resources

Recent drilling adds 66,000 oz of high-grade resources (18.9 g/t gold) at the Tasmania Mine

• Interim JORC resource for the new Western Zone as at 26 May 2010 estimated to be 155,000 tonnes at 16.0 g/t gold containing 80,000 ounces
• Represents an additional 66,000 ounces or 12% increase on December 2009 total Tasmania Reef resources of 571,000 ounces
• Proximity of Western Zone to existing underground development will facilitate early development
• Best Western Zone hole to date, J26, intersects 46.7 g/t gold over 11.4m downhole, including 115.7 g/t over 2.7m
• Two underground rigs drilling to further extend gold resources

 BCD Resources CEO, Bill Colvin said: “It is very pleasing to announce an addition of 66,000 ounces to our December 2009 gold resources as a result of our on-going drilling campaign.  Importantly the additional resources are very high grade at 18.9 g/t. 

This new Western Zone is much thicker than typical Tasmania Reef mineralisation.  We plan to extract it using our new radial-in-reef, remote mining method which offers substantial cost savings over our previous remote mining method.  The new mining method, the ore thickness and the high gold grade indicate that mining of the Western Zone should be very profitable.”