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GOLD » Topics » RANDGOLD RESOURCES REPORTS SIGNIFICANT RISE IN RESERVES AND RESOURCES

This excerpt taken from the GOLD 6-K filed Apr 3, 2007.

RANDGOLD RESOURCES REPORTS SIGNIFICANT RISE IN RESERVES AND RESOURCES


London, United Kingdom, 29 March 2007  -  London and Nasdaq listed gold miner Randgold Resources’ latest resource and reserve declaration, published today as part of its annual report for 2006, shows that the company discovered more than a million new reserve and resource ounces during the past year.


Main contributor to the increase was the company’s Loulo project, where resources rose from 9.93 million ounces to 11.35 million ounces and reserves from 5.59 million ounces to 6.80 million over the last year.  Most of this increase was attributable to the Gara deposit, where the underground reserve was almost trebled through drilling.  The recently identified Faraba satellite target has contributed a new inferred resource of 570 000 ounces.


At the attributable level, measured, indicated and inferred resources rose from 11.67 million ounces at the end of 2005 to 12.55 million, while proven and probable reserves increased from 5.42 million ounces to 6.29 million, net of depletion of some 400 000 ounces by mining through the year.


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