Gold Anomaly Limited (ASX:GOA) Updates on Crater Mt Drilling

Sydney, Nov 17, 2011 AEST (ABN Newswire) - Gold Anomaly Limited (ASX:GOA) is pleased to announce the completion of its first 1,000m hole at the Nevera prospect. The hole was designed to test for a buried intrusive which is thought to be responsible for the widespread alteration and gold and base metal mineralisation seen at the prospect.

NEV027 intersected a felsic intrusive at 1,045.4m, which shows strong phyillic alteration and contains pyrite- chalcopyrite- sphalertite and galena veining with minor disseminated pyrite and chalcopyrite in the rock matrix. The intrusive itself has been strongly silicified and altered and is unlike any intrusive seen at Nevera in previous drill holes.

Large clasts (xenoliths) of Chim formation sediment occur within the intrusive. These vary in size from a few centimetres to over 4m in diameter. The increased intensity of veining in the intrusive and in the clasts, and the increasing amount of silica seen towards the base of the hole all point to the source of the mineralisation being deeper.

NEV027 was terminated at a depth of 1,104.4m as the rig (which was rated for 1,000m) had reached its limits.

Executive Chairman Greg Starr said, "Intersecting this deep intrusive provides confidence for Gold Anomaly to drill a second deep hole to target an area beneath that tested by NEV027. The next deep hole, NEV030, will be sited at an RL approximately 200 to 300m below NEV027 and will be designed to test the mineralising system at Nevera at an even greater depth."

PNG Exploration and Country Manager Pat Smith said, "This intersection is exciting as we have possibly identified the intrusive responsible for the gold mineralisation consistently found at the Nevera prospect. This suggests that we could possibly be at the top of a large mineralised porphyry system. Drilling deeper into this system should confirm this."

NEV027 is currently being logged and sampled. Results for the entire hole are expected to be completed in late December.

Samples from NEV028 are currently at Townsville and results are due out next week. NEV029 is currently at a depth of 624m and has penetrated a typical sequence of mixing zone style alteration and mineralisation.

For the complete Gold Anomaly Limited announcement including figures and tables, please view the following link:
http://media.abnnewswire.net/media/en/docs/ASX-GOA-237373.pdf

Contact

Pat Smith PNG Exploration and Country Manager Ph: +675-532-1994 Greg Starr Executive Chairman P +61-2-9241-4224