Drilling Results

RNS Number:1238V
Leyshon Resources Limited
05 December 2005


LEYSHON RESOURCES LIMITED

ZHENG GUANG GOLD PROJECT'S DEVELOPMENT POTENTIAL ENHANCED BY SIGNIFICANT DRILL
RESULTS

Leyshon Resources Limited ("Leyshon") (ASX and AIM : LRL) today reports assay
results from over 88% of a 12,100 metre diamond drilling programme at the Zheng
Guang gold project in the highly mineralised province of Heilongjiang, northeast
China.

In January 2004 Leyshon created the Province's first Sino Foreign Mining Joint
Venture when it entered into an agreement with the Heilongjiang Bureau of
Geology and Mineral Resources to explore and develop the recently discovered
Zheng Guang gold project.

Following last year's highly successful 4,500 metre diamond drilling programme
this year's programme comprised vertical and angle drilling on the Main Ore Zone
to an average depth of around 200 metres and the excellent results received have
confirmed the project's near term development potential.

Significant gold assay results received from the latest drilling include:

ZGD049 20m at 3.52 g/t from 231m
ZGD054 12m at 3.49 g/t from 1m
ZGD056 2m at 18.18 g/t from 11m
ZGD060 9m at 7.82 g/t from 187m
ZGD064 14m at 4.32 g/t from112m
8m at 7.84 g/t from137m
9m at 5.78 g/t from 164m
ZGD074 45m at 3.49 g/t from 72m
ZGD079 6m at 14.62 g/t from 71m
inc 2m at 37.92 g/t
7m at 5.71 g/t from 134m
ZGD082 2m at 91.26 g/t from173m
ZGD085 9m at 4.29 g/t from 42m
2m at 13.32 g/t from 93m
ZGD086 8m at 5.40 g/t from103m
ZGD088 9m at 4.97g/t from 117m
3m at 7.49 g/t from 144m
ZGD100 6m at 24.31 g/t from 66m
inc 1m at 88.72g/t
inc 1m at 32.75g/t
2m at 65.22 g/t from 84m
inc 1m at 120.55g/t


The gold assays have been prepared and reported by the Qiqihar Bureau of Geology
and Mineral Resources laboratory Qiqihar, Heilongjiang, PRC. SGS-CSTC Standards
Technical Services (SGS), Tianjin, PRC are currently undertaking check assay
verification work and Maxwells Geoservices of Australia will provide a validated
database with QA/QC assessment to allow a JORC compliant resource estimate to be
prepared.

Feasibility Studies have commenced under the management of resource engineering
company Ausenco Ltd of Brisbane, Australia. Ausenco has recently opened an
office in Beijing and is managing the engineering, design and construction of a
large gold project in Southern China which is combining low Chinese costs with
the latest engineering technology.

The brief for Ausenco is to prepare a Feasibility Study for the immediate
development of the near surface Main Ore Zone taking advantage of low Chinese
capital and operating costs with a view to creating a long term sustainable
operation capable of fully exploiting the resource potential of the project.

As expected with the mesothermal style of the Zheng Guang mineralization, there
are significant base metals associations and in this case there is a strong
correlation between gold grades and the zinc (and silver) grades reported in the
assays. Zinc grades range up to 12% and silver up to 65 grams per tonne. The
copper and lead associations are sub economic.

The zinc occurs as sphalerite which is the most common economic zinc mineral and
is readily amenable to recovery by flotation. An example of the close
association of gold, zinc and silver is shown in the following table which
represents a consecutive zone of 7 metres of core:

Au (g/t) Ag (g/t) Zn (%)
0.24 2.37 0.184
0.95 8.01 0.506
5.80 32.20 2.997
1.69 10.16 1.788
7.65 35.30 4.068
0.48 4.46 0.127
0.07 3.00 0.070

The economic significance of the zinc and silver mineralization will be
evaluated by Ausenco in its Feasibility Studies.

The programme has confirmed the overall size of the Zheng Guang system and has
identified a zone of thicker and/or high grade mineralization trending towards
known mineralization at Zheng Guang North located. This 1.25 kilometre zone will
be the immediate focus for the next drill programme as will the large
geochemical anomalies at Zheng Guang North - Southern Extensions, West and East.

The Directors are very encouraged by the results of the drill programme which
have in their view confirmed the development potential of the project.

Managing Director Paul Atherley commented: "This outcome is particularly
pleasing as the Zheng Guang project is the first resource project to be
developed by a Foreign Company in Heilongjiang and will give all parties
confidence in expanding the areas of cooperation."

The Company was recently admitted onto the London Stock Exchange's AIM market
with Seymour Pierce as its nominated adviser and broker. Mining Analyst Charles
Kernot - recently awarded Mining Analyst of the Year by the Association of
Mining Analysts in London - has prepared a comprehensive research report on
Leyshon which will be available from 6 December 2005.

Leyshon's strategy is to apply the latest exploration techniques to
underexplored projects in China and its neighbouring countries with a view to
identifying and developing high quality projects. It has an established presence
in China and is one of the few resource companies with its main operational
office in Beijing.

For further information contact:


Paul Atherley - Managing Director Tim Thompson/Elly Williamson
Tel: +86 10 8528 9256 Buchanan Communications
Mob: +61 417 475 038 Tel: +44 207 466 5000

See point above avsec --- plenty of others cheaper now the results out and size of resource good but not great. Treading water for now