Hillgrove highlights Alpha prospect (Indonesia) as major gold target January 29, 2009

Hillgrove Resources Limited (ASX: HGO) announced today that an ongoing review of recently acquired data for the Bird’s Head licence (Kuasa Pertambangan, “KP”) (Hillgrove 80%) in West Papua has further highlighted the project’s prospectivity for epithermal and porphyry style mineralisation.

The Alpha Prospect is located 30km from the coast and was initially discovered by stream sediment sampling. It has since been subjected to detailed trenching, soil sampling, and minor drill testing.

Results from this work have highlighted the presence of high grade multiphase gold and base metal mineralisation over four principal target areas.

Highlights from the historical data include:

• A 1200 x 400m gold and base metal anomaly at A18 defined by soil sampling and trench sampling with peak results including 14m @ 14.61g/t gold and 6m @ 20.77g/t gold (both previously reported), and 2m @ 26.2g/t gold. The anomaly is still open to the south.
• A 1200 x 200m gold and base metal anomaly at B15 defined by soil sampling and trench sampling with peak results including 8m @ 5.81g/t gold, 8m @ 5.18g/t gold and 12m @ 1.7% lead.
• A 1300 x 300m gold and base metal anomaly at A17 and A19 defined by soil sampling and trench sampling with peak results including 40m @ 8.69g/t gold (previously reported), 8m @ 70.95g/t gold (previously reported), 8m @ 54.5g/t gold and 1.46m @ 34.9g/t gold.
• A 750 x 250m gold and base metal anomaly at A7 defined by soil sampling and minor trenching.
• Significant scout drilling results such as 17.45m @ 2.16g/t gold, 18.36g/t silver, 0.29% copper, 2.08% lead and 5.31% zinc, and 1.6m @ 108.5g/t gold and 16g/t silver.

Click here to read the full announcement.

For further information, please contact:

Mr David Archer
Managing Director
Tel: +61 2 8221 0404
Mobile: 0414 737 767