The mineralization was intercepted during the current phase of drilling program at the Kalpini South prospect that is the second target within the project area.

The results include 10 meter at 6.38grams per ton from 61meters in hole KSRC004, and 9meters at 5.31grams per ton from 36meters in hole KSRC005.

Pioneer Resources said that the results are the first assay results from an on-going 100 hole, 8,000 meter RC drill program at the Acra project.

Further drilling at Kalpini South prospect is scheduled for June 2013, it added.

Meanwhile, the company is currently undertaking the drilling operations at Jubilee East prospect, which is expected to continue to
the Camelia, Camelia South and Evelyn Gladys prospects.

Also, the company claims that the drilling program is ahead of its planned schedule and anticipates completing the program by April 2013, along with final results by May-end.