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Slovakia Drilling Update

19th Aug 2008 09:40

RNS Number : 5965B

EMED Mining Public Limited

19 August 2008

AIM: EMED 19 August 2008

BIELY VRCH GOLD EXCITING INTERCEPT - 460 METRES AT 1.1G/T

EMED Mining Public Limited ("EMED Mining" or "the Company") announces the result of the first drill intercept of its current in-fill drilling program at the Biely Vrch Prospect at the Company's Detva Licence in central Slovakia.

Highlights

Drillhole DVE27 intercepted 460m averaging 1.1g/t gold from surface to the bottom of the hole. Every metre was mineralised and mineralisation is open at depth. This intercept, in conjunction with earlier results has established known gold mineralisation from surface to a vertical depth of at least 380m.

The in-fill drilling program is in process with two drill rigs operating 24/7. Drill-spacing is an average of 100m apart. The orientation and spatial relationship of DVE27 is displayed on the appended geological maps uploaded to the Company's website

Results to date have defined a zone of mineralisation containing approximately 50 million tonnes with a grade range of 0.2g/t to 1.9g/t gold (typically 0.8g/t to1.1g/t gold), containing approximately1.2 million ounces of gold based on preliminary estimations. It remains uncertain if further exploration will result in the determination of a Mineral Resource as defined in the JORC Code.

Initial metallurgical testwork of Biely Vrch drill core samples indicates the gold mineralisation is not metallurgically complex.

Drilling in Slovakia recommenced in mid-April 2008 with programs designed to in-fill drill Biely Vrch and to test other identified targets. Drilling this year to date was mostly to scout outside this discovery zone in order to assist with planning activities for the course of the year. Several good targets will also be tested this year once geochemical sampling and other surveys are advanced.

Harry Anagnostaras-Adams, Managing Director of EMED Mining, commented: "Drilling at Biely Vrch is at a very exciting stage. Indications are that our Slovakian tenements have realistic potential for substantial gold deposits. This result is particularly significant and we will provide shareholders with a more comprehensive update on progress in the forthcoming months . "

Enquiries

EMED Mining	Fox-Davies Capital	RFC Corporate Finance	Bishopsgate Communications
Harry Anagnostaras-Adams	Richard Hail	Stuart Laing	Nick Rome
+357 9945 7843	+44 (0)207 936 5230	+618 9480 2500	+44 (0)207 562 3350

GMP Securities Europe	Lewis Charles Securities
James Hannon	Kealan Doyle
+44 (0) 20 7647 2803	+44 (0) 20 7456 9111
www.emed-mining.com
www.emed.tv

Competent Person

References in this announcement to exploration results and potential have been approved for release by Mr Ron Cunneen, B.Sc. (Honours). Mr Cunneen is Head of Exploration for EMED Mining and has more than 20 years' relevant experience in the field of activity concerned. He is a member of The Australian Institute of Geoscientists ("AIG") and has consented to the inclusion of the material in the form and context in which it appears.

Sampling and Assaying Procedures

All drilling on the Biely Vrch Prospects has been done with PQ (85.0mm diameter), HQ (63.5mm diameter) and NQ (47.6mm diameter) size core samples. Core recovery has averaged 95% throughout the mineralised zones. All core has been logged and separated into 1.0m lengths. PQ size core has been quartered, while HQ and NQ sized core have then been cut in half by a diamond saw. The split core has then been sent for assay.

Sample preparation has been done by ALS - Chemex in Romania and assayed for gold by 30gm fire assay (method Au-AA25). Both standards and blanks have been used in the sample batches sent by EMED to ALS - Chemex in line with EMED company quality control procedures.

Notes to Editors: About EMED Mining Public Limited

EMED Mining was admitted to trading on AIM in May 2005 following a placing of its shares and its share market capitalisation has since grown from approximately £4 million to approximately £46 million. The Company is based in Cyprus and has a strong commitment to responsible development of metal production operations in Europe, with an initial focus on copper and gold.

The Group's region of interest are the tectonic belts spanning across Europe and over to the Middle East. The strategy is to evaluate exploration and development opportunities in several jurisdictions throughout this quality mineral belt and to promote sustainable development practices through implementation of European Union and other leading-edge international standards. The Company strictly implements its Environmental & Community Policy which includes:

·; Integrating environmental management into our business, planning and reporting processes.

·; Promoting a strong environmental ethic throughout the company and the community.

·; Complying with, as a minimum, all applicable local and European Union laws and regulations.

·; Communicating with community stakeholders in a responsible and transparent manner.

EMED Mining has now established a strong position in the following selected zones:

·; Exploration areas in Slovakia are centred on a cluster of volcanic centres. Low-detection geochemical methods are being applied to these areas for the first time together with open pit bulk mining concepts. The principal targeted mineralisation style is low-grade, bulk-mineable porphyry gold. The company has announced gold discoveries at Biely Vrch, Kralova and Slatinske Lazy in Slovakia.

·; The mines in Cyprus and at Rio Tinto in Spain, located in the Iberian Pyrite Belt, which is probably among the best known in the world for its mineral endowment. EMED Mining’s goal is to restart copper production at its projects in both of these well-endowed, historical mining districts. Both Spain and Cyprus are progressive members of the European Union and EMED Mining has been made to feel welcome in both host countries. The styles of mineral deposits and production techniques are similar in both mining districts.

·; EMED Mining’s main prospects in Georgia are gold prospects within the Upper Racha Licence, the country’s largest minerals licence with many untested prospects. The Company has confirmed gold resources at the Zopkhito Prospect and discovered high grade mineralisation at surface at other prospects (detailed in 2006 Annual Report). The Company recently suspended all field work and closed its office. All personnel have been redeployed to other companies or to other duties. None were directly harmed by recent military hostilities in Georgia.

·; Exploration areas in Turkey were vended into 32%-owned KEFI Minerals Plc which was admitted to AIM in December 2006. KEFI Minerals owns carefully selected licence areas in Turkey, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate.. See www.kefi-minerals.com.

For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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