NiPlats Australia announced that it has completed geophysical programs and commenced drilling on the key target areas at Grays Vein within Speedwah located in the east Kimberley of Western Australia.

Drilling will continue over the coming weeks at Grays vein, Hayden and Eiffler which delivered the highest assays of silver, copper and gold in a single surface sample in July.

The recently completed soil assay results are being used in the drilling program underway to assist with the location of drill holes at prospects along the Central Fault Zone and at the Eiffler, Grays and Hayden prospects.

They will be complemented by the results from the gravity survey already completed and the Induced Polarisation Survey and Sub Audio Magnetics once these results are received and interpreted. Assay results are expected to be available from these sites in December.

Niplats has a market capitalization of AUD 40.92 million and the company raised USD 2,614,750 through the placement of 12,161,625 ordinary shares at 21.5 cents per share on July 27 for the 2010 copper, gold and silver exploration program.