Polymetallic explorer Ark Mines (ASX: AHK) has returned bonanza gold intercepts at shallow depths from three reverse circulation drill holes at its 100% owned Gundabooka Project in New South Wales. Highlights include: - 12 metres at 2.49 grams per tonne (g/t) gold from 48 metres to 50 metres with 1 metre at 4.82g/t gold; and - 6 metres at 3.5g/t gold from 37 metres to 43 metres with 1 metres at 19.8g/t gold. Bonanza 122.02 g/t gold was returned in samples taken from rock samples in old workings. Roger Jackson, Ark’s managing director, said “these first pass results are encouraging, and come off the back of similarly positive drilling results recently obtained by Ark at the Perserverance and Dijou projects–located 20 kilometres from Gundabooka. "The area is shaping up as a highly prospective region for gold exploration. We believe there is certainly scope for more significant results deeper in the ore body and in the immediate vicinity." The company is continuing the diamond drilling program and reverse circulation (RC) drilling at Babinda and expect results mid September. The Gundabooka Gold Deposit is located within a Western splay, off the Rookery Fault Zone which hosts the Cobar mineral field and is 20 kilometres west of the Mount Dijou gold mine, where Ark recently reported encouraging drill results for gold mineralisation. The 300 metre RC program at Gundabooka was designed to test the shallow mineralisation around the old Gundabooka Mine which historically mined high grade gold from underground workings. Gold was first discovered in the Gundabooka area in 1898, resulting in the development of a number of gold prospects mainly in the form of vertical shafts up to 40 metres deep, and shallow pits up to 2 metres deep. Gundabooka was worked up until 1930 with a recorded production of approximately 30kg gold.

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