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DRD
DRDD
DRD - DRDGOLD - Blyvoor uranium drilling results `Encouraging`
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE trading symbol: DRD
ISIN Code: ZAE 000058723
Nasdaq trading symbol: DROOY
("DRDGOLD" or "the company")
BLYVOOR URANIUM DRILLING RESULTS `ENCOURAGING`
DRDGOLD South African Operations (Pty) Limited ("DRDGOLD SA"), jointly owned by
DRDGOLD (74%), Khumo Gold SPV (Pty) Limited (20%) and an employee empowerment
trust (6%), today announced `encouraging` results from a recently completed
drilling programme to define the uranium (U308) resource in its Blyvooruitzicht
("Blyvoor") operation`s slime dam material.
During the March quarter, 36 boreholes totalling 908 metres were drilled in
Blyvoor`s seven slimes dams and sampled at 1.5 metre intervals for uranium, gold
and sulphur (borehole composite drilling results attached). Volumes of the
slimes dams were surveyed and their total tonnage calculated at 107.7 million
tonnes.
In addition, Blyvoor has sampled both its underground and slimes reclamation
feeds over a period of 10 weeks. The surface feed averaged 0.073 kg/t U308, and
the underground feed 0.070 kg/t U308.
A computer generated geological evaluation model will now be produced for each
of the seven slimes dams. Blyvoor has appointed external consultants RSG Global
to intepret and audit these results and models in order to declare a uranium,
gold and sulphur surface resource conforming to the SAMREC code.
Steps to define the underground uranium resource have begun with RSG Global.
Until 1981, Blyvoor extracted U308 as a by-product to its core gold production
activities. It currently treats approximately 60 000 underground tonnes and 290
000 tonnes of surface material a month to recover gold.
BOREHOLE COMPOSITE DRILLING RESULTS
Depth U308
Location Dump No Hole No From To PPM
Blyvoor 1 1 0 12 53
1 2 0 18 45
1 3 0 27 50
1 4 0 21 48
1 5 0 21 52
Blyvoor 4 + 5 1 0 42 65
4 + 5 2 0 40.5 56
4 + 5 3 0 6 48
4 + 5 4 0 6 62
4 + 5 5 0 31.5 69
Blyvoor 6 1 0 6 53
6 2 0 27 45
6 3 0 18 46
6 4 0 12 58
6 5 0 6 57
Blyvoor Dump 7 1 0 49.5 48
7 2 0 51 47
7 3 0 49.5 52
7 4 0 36 46
7 5 0 42 45
7 6 0 36 50
Doornfontein 1 1 0 30 78
1 2 0 39 84
1 3 0 36 80
1 4 0 33 79
1 5 0 30 80
Doornfontein 2 1 0 13.5 89
2 2 0 18 92
2 3 0 22.5 93
2 4 0 15 78
2 5 0 19.5 89
Doornfontein 3 1 30 65
3 2 25.5 57
3 3 10.5 39
3 4 9 39
3 5 18 65
Randburg
7 August 2007
Sponsor
BDO QuestCo (Pty) Limited
QUERIES
South Africa
James Duncan, Russell &
Associates
+27 11 880 3924 (office)
+27 82 892 8052 (mobile)
North America
Investor and Media
Relations
Barbara Cano, Breakstone
Group International
+1 646 452 2334 (office)
United Kingdom/Europe
Investor and Media
Relations
Phil Dexter, St James`s
Corporate Services
+44 20 7499 3916 (office)
+44 779 863 4398 (mobile)
BACKGROUND INFORMATION
DRDGOLD is a medium-sized, unhedged gold producer with investments in South
Africa and Australasia.
In South Africa, the company has a 74% interest in DRDGOLD South African
Operations (Pty) Limited (DRDGOLD SA), while in Australasia, it has a 78.72%
interest in Emperor Mines Limited.
In the 2006 financial year, DRDGOLD SA contributed 60% or 315 976 ounces - of
total attributable gold production of 527 401 ounces, and Emperor 211 425
ounces. At 30 June 2006, DRDGOLD`s total attributable resource base was 47.6
million ounces and its total attributable reserves were 8.8 million ounces.
For more information, please visit www.drdgold.com.
DISCLAIMER
Many factors could cause the actual results, performance or achievements to be
materially different from any future results, performance or achievements that
may be expressed or implied by such forward-looking statements, including,
among others, adverse changes or uncertainties in general economic conditions
in the markets we serve, a drop in the gold price, a continuing strengthening
of the rand against the dollar, regulatory developments adverse to DRDGOLD or
difficulties in maintaining necessary licences or other governmental approvals,
changes in DRDGOLD`s competitive position, changes in business strategy, any
major disruption in production at key facilities or adverse changes in foreign
exchange rates and various other factors.
These risks include, without limitation, those described in the section
entitled "Risk Factors" included in our annual report for the fiscal year
ended 30 June 2006, which we filed with the United States Securities and
Exchange Commission on 22 December 2006 on Form 20-F. You should not place
undue reliance on these forward-looking statements, which speak only as of the
date thereof. We do not undertake any obligation to publicly update or revise
these forward-looking statements to reflect events or circumstances after the
date of this report or to the occurrence of unanticipated events.
Date: 07/08/2007 15:45:53 Produced by the JSE SENS Department.
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