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African Mining and Exploration, Condor Gold, Goldplat, Galileo Resources news briefs

Contributed by Fox-Davies Capital

African Mining and Exploration has completed its resource definition drilling programme at its 207km2 Kossanto Gold Project in the Kenieba inlier of western Mali. A total of 3,136m reverse circulation drilling has been completed following positive check-assay results at Kossanto which included 9m at 11.88g/t Au with 2m at 28.15 g/t, and 19m at 1.87 g/t Au with 10m at 2.42 g/t. There are three targets at Kossanto - Gourbassi East, Gourbassi West and Massakama. This programme primarily targeted Gourbassi East area where a mineralised structure of 900m strike length, which remains open, has been identified, and also drill tested the Gourbassi West target area. Further positive check-assay results received on previously identified mineralisation in a trench resampling programme at Gourbassi East undertaken November 2012 with significant intercepts including 13m at 0.93 g/t and 23m at 0.68 g/t. To date over 2,000 samples have been submitted to an accredited laboratory and results will be announced in due course. AME are targeting producing a maiden JORC compliant resource at Kossanto in 1H'13 and also plans to do further exploration work over the Massakama target area. AME also commented that despite recent political changes in Mali business has continued as normal in the southern part of the country and the Company's drilling programme and other operations continued without interruption.

Condor Gold PLC announced the results of the initial 2790.6m of the current phase of resource infill drilling at the La India Vein Set and an update on trenching and drilling activity on the America Vein Set. 23 drill holes for 3,462m completed on La India open pit resource area to convert the existing resource from Inferred to Indicated category. Assay results from an initial 19 of these 23 drill holes for 2,790.6m of infill drilling have confirmed gold mineralisation and outlined an additional high-grade shoot in the North of the India-California trend. The best amalgamated drill intercepts through stopes of the historic La India Mine show: 11.95m at 5.72g/t gold, 17.15m at 4.16g/t gold and 18.00m at 4.18g/t gold. A trench intercept of 10m at 5.41g/t gold has extended wide zones of gold mineralisation on the America Vein to at least 600m strike length. Further trench testing of Escondido Vein on the America Vein Set is underway to test an additional 200m strike length. A 2,000m drill programme is underway at historic America Mine to test for wallrock mineralisation on the America Vein Set with one hole completed.

Goldplat PLC announced a trading update on its gold mining and gold recovery operations in Africa. Operating profits for the six months to December 2012 (H1 2013) expected to be in line with H1 2012 and gold recovery operations in South Africa and Ghana have performed well and continue to produce robust operating profits, underpinning the value of Goldplat. The plant expansion at Kilimapesa Gold Mine in Kenya delayed due to uncertainties in Kenya's mining legislation and operational difficulties at the mine.

Galileo Resources PLC announced that, further to the announcements of 25 July and 10 September 2012, the legal Due Diligence on Galileo's acquisition of Rare Earth International's (REI) Nkombwa Hill Rare Earth Project has now been finalised. In the update released on 10 September 2012 the Company reported that the only factor preventing completion of the due diligence was the issue of the tenure of Large Scale Prospecting License No. 12198-HQ-LPL that covers the Nkombwa Hill deposit. At the time, key licensing-documentation was not accessible at the license administration centre (the "Cadastre") of the Zambian Ministry of Mines and Mineral Development (the "Ministry") and Galileo was therefore unable to gain sufficient title confidence to complete the acquisition. The Zambian legal practise contracted by the Company recently gained full access to the Cadastre and have now finalised the due diligence study and reported their findings to the Company. They conclude that the license covering the Nkombwa Hill project is in good standing with, and the sole existing exploration license over the area recognised by, the Ministry.