Intrepid intersects copper-gold porphyry at E. Java prospect

Australian mining firm Intrepid Mines Limited reported on Tuesday that hole GTD-08-29, from the Tujuh Bukit Project in East Java, has intersected ?highly encouraging? copper-gold assays from the porphyry zone previously predicted to sit below the oxide and high sulphidation gold-silver cap.

Hole GTD-08-29 intersected 268 metres at 0.47 grams per tonne gold and 0.32% copper from 390 metres, including 100 metres at 1.02 grams per tonne gold and 0.55% copper from 530 metres, the company reported .

Brad Gordon, Intrepid Mines Chief Executive Officer commented, "This is a very significant intersection for the Tujuh Bukit project. It confirms the previously interpreted copper-gold porphyry at depth and has confirmed the high gold tenor of the porphyry system. Additionally, we are pleased to see assay results from all zones that continue to support our overall plan for the development of the Tujuh Bukit project. We look forward to publishing the inaugural resource for the project in June 2008."

The company has option to earn up to 80 percent stake at Tujuh Bukit prospect through funding exploration activity.(alex)