Half Yearly Report and Accounts
Perth, Mar 15, 2012 AEST (ABN Newswire) - The Directors of Birimian Gold Limited (
ASX:BGS) submit their report for the half-year ended 31 December 2011.
Directors
The names of the Company's directors in office during the half-year and until the date of this report are set out below. Directors were in office for this entire period unless otherwise stated.
Mr. Hugh Bresser - Non Executive Chairman
Mr. Kevin Joyce - Managing Director
Mr. Wayne Ryder - Finance Director
Mr. Warren Staude - Non Executive Director
Mr. Michael Haynes - Non Executive Director
Mr. Garry Plowright - Non Executive Director (resigned 19 August 2011)
Results of Operations
The Group's net loss after taxation attributable to the members of Birimian Gold Limited for the half-year ended 31 December 2011 was $936,632 (2010: $375,762).
Review of Operations
During the past six months the Company changed its name to Birimian Gold Limited (formerly Eagle Eye Metals Limited).
During the period Birimian Gold Limited completed its maiden reverse circulation (RC) drilling program at the Dankassa Gold Project in Mali. This phase one programme comprised 24 holes for a total of 2,400 metres of drilling. A second phase drilling programme was initiated completing 1,638 metres of RC drilling, 8,948 metres of aircore drilling and approximately 6,000 metres of auger drilling. The Company has delineated a new, 12km long, high tenor gold zone at the Dankassa Gold Project. Drilling is scheduled to commence in the near term.
Birimian Gold Limited also undertook an extensive work program to rapidly evaluate the potential of the Korindji Gold Project. The programme involved detailed geological mapping, soil sampling and rock chip sampling over previously defined mineralised trends. Analytical results are pending.
In Liberia, the first phase of field reconnaissance soil sampling program was undertaken at the Basawa Gold Project during the period, analytical results are expected shortly.
Auditor's Declaration
Section 307C of the Corporations Act 2001 requires our auditors, Grant Thornton, to provide the directors of the Company with an Independence Declaration in relation to the review of the half-year financial report.
This Independence Declaration is set out on page 4 and forms part of this directors' report for the half-year ended 31 December 2011.
To view the complete Birimian Gold Half Year Financial Report including all data, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-BGS-582270.pdf
Contact
Birimian Gold Limited
T: +61-8-9286-3045
F: +61-8-9226-2027
WWW: www.birimiangold.com
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