Laguna Resources commences drilling in Chile November 24, 2009

Laguna Resources (ASX: LRC) has commenced drilling at the Arqueros Gold Project, in the northern sector of the World Class Maricunga Gold Belt in the Atacama Region of northern Chile.

A drilling rig has mobilised to site and started on the first hole in the first phase of a 10,000 metre campaign. The focus of the drilling programme will be on further extending the existing resource base as well as testing the poorly defined high grade gold bearing structures.

Highlights:

• JORC Inferred Resource of 783,000 ounces of gold equivalent at 1.5 g/t gold equivalent. (0.5 g/t gold equivalent cut off grade) announced on 4 November 2009.
• High grade gold targets identified and 10,000 metre drilling programme commenced.
• Drilling focussed on increasing the size and overall grade of the resource base.

Click here to view the full announcement.

For further information, please contact:

Nick Lindsay
Managing Director
E-mail: info@lagunaresources.com
Tel: +61 8 9200 6280

Media:
Fortbridge +612 9331 0655
Bill Kemmery +61 400 122 449
bill.kemmery@fortbridge.com