Significant Resource Increase For Moto Goldmines Limited In The Democratic Republic of Congo Says CEO Klaus Eckhof

A global resource base of 16.1 million ounces of gold (inferred and indicated) has been announced by Moto Goldmines (ASX:MOE, TSX:MGL) In The Democratic Republic of Congo Says CEO Klaus Eckhof.

(PRWEB) April 11, 2006 -- A global resource base of 16.1 million ounces of gold (inferred and indicated) has been announced by Moto Goldmines (ASX:MOE, TSX:MGL).

The independent resource estimate relates to its Moto Gold Project in the north east of the Democratic Republic of Congo.

"To add more than five million ounces in less than four months is simply outstanding," said Klaus Eckhof, Moto Goldmines Chief Executive Officer.

“The grades are also on the way up with an overall increase from 2.7 grams per tonne to 3.5 grams per tonne gold,” said Mr Eckhof.

Cube Consulting Pty Ltd completed the independent resource estimate.

"A further resource review is planned for the third quarter of this year based upon analysis of further infill drilling results from our Gorumbwa and Karagba-Chauffeur-Durba deposits," Mr Eckhof said.

The Moto Gold Project is a joint venture between L'Office des Mines d'Or de Kilo-Moto ("OKIMO"), a Congolese State owned mining company that is the registered holder of licenses covering approximately 83,000 sq kms in the north east of the Democratic Republic of Congo and Orgaman, a private company which has been operating in the Congo for over 70 years and has extensive interests in farming, agriculture, food production and distribution, transport, shipping, property development and resources.

“Our next drilling programmes are designed to upgrade the existing resources from inferred to the indicated category.”

“Our plan for this year is to complete an independent external audit by an internationally recognized geological consulting firm to verify the resources work being undertaken by our company and Cube Consulting,” Mr Eckhof said.

For Further information: Klaus Eckhof +61 (0) 411 - 148209, Thomas Murrell, 8M Media & Communications + 61 (0) 417 - 984 996 or www.motogoldmines.com

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