Australian Solomons Gold Limited has announced significant results from the first six holes of its current 44 hole drilling program at the Gold Ridge Mine on the island of Guadalcanal in the Solomon Islands.

Drilling started in the partially mined Valehaichichi pit with the objective of confirming the current pit design and investigating the potential for additional mineralization.

All holes intersected multiple mineralized zones. The results indicate significant potential to increase the current resource with ore grade intersections encountered within 10 metres of the current design pit floor in three holes.

In addition, a significant new intersection was encountered within the current pit shell in a fourth hole, where the mineralized zone was much broader than expected - 23m @ 4.11 grams per tonne gold from 3 metres). In three other holes mineralized zones expected from previous drilling were also confirmed.

ASG is developing the Gold Ridge Project, a former producing mine, located on Guadalcanal in the Solomon Islands. The mine operated from August 1998 to June 2000 and produced approximately 210,000 ounces of gold during this period.

ASG acquired the project in May 2005 and is currently completing a Bankable Feasibility Study to redevelop the Gold Ridge Project which is expected to start operations by December this year.