Moto Gold Mines Limited Now On Radar of Every Major Gold Producer Because Of Exceptional Drilling Results Says CEO Klaus Eckhof

    /24-7PressRelease.com/ - May 08, 2005 - Moto Gold Mines (ASX:MTO) believes it is now on the radar of every major gold producer in the world following further exceptional results in the Democratic Republic of Congo.

The extensive exploration programme in the north east of the central African country has produced results with the potential to add another two to three million ounces to its existing resource base.

"These results are different because it is in a new area of the overall ore body which has never been drilled before and it proves to everyone around the planet what a world class resource we have," said Klaus Eckhof, Moto Goldmines Limited Managing Director.

Down-plunge drilling on the Karagba Prospect has intercepted significant gold mineralisation at depth, including 5.19 grams at 118 metres and 5.85 grams per tonne gold at 20 metres.

"The drilling to date highlights the size of this ore body and even surpasses our own expectations, with a strike length of more than 200 metres, a thickness greater than 100 metres and a potential down plunge length of more than 450 metres," Mr Eckhof said.

The deposit is unique, accessible and valuable because it is an easy to mine flat-lying ore body with minimum overburden.

"The economics are looking really good and every time we drill a new area we are getting great numbers and this is just adding value to the company," he said.

Moto is also drilling at Kombokolo, where a first pass reconnaissance programme has returned significant intercepts from all 11 shallow holes drilled, including 6.19 grams per tonne of gold at 10 metres.

"These new drilling results will help to upgrade our resource base which will be announced in the next ten days to in excess of 8 million ounces by August / September 2005," Mr Eckhof said.
ENDS

For Further information: Klaus Eckhof 041-1148 209, Thomas Murrell, 8M Media and Communications 0417 - 984 996

· Moto Goldmines Limited (ASX:MTO) was previously known as Equs Ltd, which listed on the Australian Stock Exchange on 1 January 2001.

· The previous focus of Equs was in mineral exploration, investment and development of business-to-business opportunities via the Internet.

· The new focus of Moto is to explore and add value to gold deposits in the Moto Greenstone Belt located in the Democratic Republic of the Congo.

· Directors of Moto have a long tradition and experience of exploration and mining in Africa.

· They have well established contacts in the Congo, an outstanding knowledge of the region and are using modern exploration methods and standards to develop its potential.

· The Moto project involves the Borgakim area covering nearly 5,000 square kilometers.

· Moto has exercised exclusive rights to acquire an interest in the Southern Mining Licence (SML), including the historical mines of Gorumbwa and Durba, and the Kibal Resource Area.

· The Moto deposits are typically spectacular high grade ore bodies with a strong track record. For example, Agbarabo in the region produced 600,000 ounces of gold at an average of 39 grams per tonne and Gorumbwa produced 1.2 million ounces at 22 grams per tonne with over 1 million ounces of gold still remaining.

· Moto will manage all exploration and mining activities.

· Managing Director Klaus Eckhof arrived in Australia in 1988 to work for Mount Edon Gold Mines (Aust) Limited. His considerable experience since then in assessing mineral projects all over the world has culminated in several Australian public companies acquiring exploration properties in Africa, Asia and South America. In recent years he has managed his own geological consultancy company and has developed a global network of relationships with the major gold producers, resource financiers, brokers and investors.

For Further information: Klaus Eckhof 041-1148 209, Thomas Murrell, 8M Media and Communications 0417 - 984 996

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