Ann: Fraser Range Project - Drilling Update , page-10

Hi Sid,

What did you make of today's ann ?

I'm surprised at the sell off considering samples have been sent for analysis, with assay results expected in January.

Lol someone earlier in this thread mentioned a dud i think it was tony_pana he said "Not good

They didn't hit anything .. Hence the sell off"

Tony, please care to explain why it's a dud ??

Considering the following :

* the first hole at Lambada intersected zones of siliceous alteration associated with sulphide mineralisation

* Importantly, this hole did not intersect the cause of the deeper EM response. A second drill-hole is planned at Lambda to test the deeper and larger conductor, once downhole electromagnetic (DHEM) surveys have been completed to confirm the location of the
source.

* Another 5 holes to be drilled

Also if it's a dud why would samples be sent for analysis ?

I think it was a premature sell off ...

Cheers