Gold Anomaly Limited (ASX:GOA) Commences Deep Drill Rig Drilling at Crater Mountain Gold Project, PNG

Sydney, Sep 13, 2011 AEST (ABN Newswire) - Gold Anomaly Limited (ASX:GOA) is pleased to provide an update on the Company's flagship Crater Mountain gold project, PNG.

Crater Mountain is shaping up as the next significant gold discovery in the nation. To date, drilling has focused on the Nevera prospect, where extensive gold mineralisation has been consistently encountered within the Main Zone, a 600m long by 150m wide zone of anomalous Au, Ag, Cu, Pb, Zn and As mineralisation, which remains open in all directions.

Gold Anomaly commenced its latest 10,000m drilling program in July, with the aim of further delineating the extent of the Main Zone and exploring for the possible large deep intrusive that is though responsible for the widespread mineralisation and alteration seen in previous drilling. To date, similarities to mineralisation seen at both Newcrest Morobe Gold's Hidden Valley and Barrick's Waruwari (at Porgera) deposits have been observed at Crater.

To that end, the Company is pleased to announce that a rig capable of drilling ~1000 metres depth has commenced drilling hole NEV027.

NEV027 is designed to drill below the 1,200m RL, and will test at least 250m deeper than any previous drilling at the prospect. The hole is anticipated to be completed in mid to late October, with assay results expected a month later.

The first two holes of the current campaign, NEV024 and NEV025, have now been completed, reaching depths of 642m and 612m respectively. These holes targeted the Main zone and intersected a similar style of mineralisation as that seen in NEV018 and NEV019, with strong base metal carbonate veining continuing to the base of each hole.

NEV024 core has now been cut and sampled, and is en-route to the laboratory in Townsville and samples from NEV025 are due out from later this week. Assay results are expected in early October.

NEV026 has also commenced drilling, targeting the Artisanal Zone, where a recent hole (NEV022) intersected 'bonanza' grades including 2m @ 98 g/t Au.

Contact

Pat Smith PNG Exploration and Country Manager Ph: +675-532-1994 Greg Starr Executive Chairman Ph: +61-2-9241-4224 http://www.goldanomaly.com.au