ZGM-Moly,gold 8mill Mrktcap

[JBmurc]

small cap jnr SP -19c

Zamia Gold Mines Limited (ASX: ZGM) is focused on the Clermont region of central Queensland, targeting molybdenum, gold, silver and copper deposits.

A molybdenum (Mo) deposit was discovered in early 2008 at Zamia’s Anthony Prospect. The drilling results are showing extensive mineralisation with grades up to 1920 ppm (part per million) Mo. With mineralisation open in all directions, this could potentially become a world-class porphyry style deposit.

-latest news------------
The Company advises that, in accordance with ASX Listing Rule 7.1, Directors have issued
5,500,000 fully paid ordinary shares in the Company to sophisticated investors at $0.18 per
share raising gross proceeds of $990,000. This issue represents 8.9% of the enlarged capital of
the Company. The funds raised complement the recent Share Purchase Plan and will be used
primarily to continue exploration and assessment of the Company’s Anthony molybdenum
project.


--The next news annoucements will be on deeper drilling results at ZGM molybdenum discovery---If good ZGM will fly.




---http://www.zamiagold.com.au/

[JBmurc]

-West minerals -new 11.57% stake in ZGM

-On Tuesday 3 June 2008 the Company commenced a minimum 4 hole diamond
drilling program over 1,200 metres to test the depth and extent of the Anthony
molybdenum discovery, north of Clermont, Queensland.
Initial assay results are expected during July 2008.


-Looking forward to see the drill results show up a large Moly resource willl put a rocket under the SP


-whats QOL total moly resource grades

[JBmurc]

ZGM 2008/25 – DIAMOND DRILLING EXTENDS ANTHONY MOLYBDENUM DISCOVERY
Zamia Gold Mines Limited (ZGM) has received assays from the first three holes of its initial diamond drilling
program and these confirm that the Anthony molybdenum discovery (north of Clermont in central Queensland) is
larger and deeper than identified in the first 13 hole Reverse Circulation (RC) program.
• To date three holes (A14 to A16) have been completed at an angle of -60 degrees to a depth of 300m
(approx 250m vertical). Molybdenum (Mo) mineralisation is present within and at the end of each hole.
The fourth hole, A17, is currently being drilled to the north of the western high grade zone. The locations
and directions of these first four diamond holes, which are outside the zone of previous drilling, are
shown in figure 1.
• A summary of the assay results to date is in table 1 and include:
o DD08A016 (A16) is located 100m east of the western high grade mineralisation. Results for the
first 210m are available and include 710ppm Mo from 44 to 66m including a 2m intersection at
1495ppm (0.1495%) Mo in the weathered zone; 8m at 657ppm Mo, 14m at 625ppm Mo and 8m
at 673ppm (including 2m at 1110ppm) Mo in the sulphide zone.
o DD08A015 (A15) is located in an area east of the Gregory Development Road which had not
been drilled previously. Results included 12m of 682ppm Mo, 24m of 542ppm Mo, (including 3m
of 2070ppm Mo) and 3m of 2230ppm Mo in the sulphide zone.
o DD08A014 (A14), also located in an area east of the Gregory Development Road, contained
significant intersections above 350ppm Mo including 3m at 892 Mo in the sulphide zone.
• A follow-up assay of the bottom metre (149-150m) of the previously reported anomalous silver and lead
in RC08A009 (A9) indicated significant values of 96.6g/t of silver, 0.6 g/t gold, 2.0% lead and 0.15%
copper. It is proposed to put a diamond tail on this hole to determine if this section is the beginning of a
significant precious and base metals zone surrounding the molybdenum mineralisation.
• The current diamond drill program will also twin vertical hole DD08A012 (A12) in the high grade western
zone to confirm the mineralisation and extend it to a vertical depth of 300m. Diamond tails may also be
added to 1994 RC percussion holes (DBT 22 and DBT 23) drilled by CRAE. These holes are located
west of the western high grade zone.
• It is expected that this round of drilling will not only extend the known mineralised zone but also assist in
setting targets for a major RC percussion drilling program later in 2008.

[JBmurc]

Looks like ZGM has hit the jackpot with a very large Moly resource if only the market wasn't completely in fear ZGM would be going though the roof


http://imagesignal.comsec.com.au/asxdata/20080922/pdf/00882206.pdf

[JBmurc]

ANTHONY MOLYBDENUM PROJECT:
OVER 80 MILLION TONNES IN INITIAL RESOURCE
• Independent resource estimate prepared by Hellman & Schofield Pty Ltd (H&S) on
Anthony project drilling to date
• 81 million tonnes (Mt) at 0.043% (430 ppm) molybdenum (Mo) at a cut-off grade of
0.02% (200 ppm Mo) in primary sulphide zone
• Includes a high grade zone of 13.5 Mt at 0.075% (750 ppm) Mo
• Additional 36 Mt of oxide and mixed sulphide-oxide at 0.02% (200 ppm Mo) cut-off
grade
• Mineralisation continues at depth with 15 holes assaying greater than 200 ppm Mo at
bottom of hole
• Resource remains open laterally, with less than half of main soil anomaly drilled
• H&S has recommended a priority 2000m drilling program with the objective of
expanding this initial resource
• Submitted standards suggest the Mo grade may be understated by 10-15%.

[JBmurc]

In listening to the ZGM BRR clip an doing some basic numbers ZGM looks likely to have a billion dollar Moly resource in the making well worth a punt with ZGM Market-cap only 12mill
looks to be very little downside for long term hold ...Whats others views they do need to raise more cash which is biggest negative in the short.
Further drilling results likely to surprise

-Resource remains open laterally, with less than half of main soil anomaly drilled.....80t now 100-120t?....... 160ton multi billion dollar resource potential