Ann: Chalice identifies gold-in-soil anomalies at Pyramid Hill, page-8

The share price might be boring but I’m starting to enjoy this new story. The prospect of finding another Bendigo or Ballarat under a sheet of hitherto unexplored (or more accurately very lightly explored) sediments is quite exciting. The excitement is even more magnified by the success (share prices) of the neighbours. It’s actually amazing how the company was able to peg this ground. The entry cost of the project is practically nothing, let’s hope that doesn’t reflect its ultimate value. This is the best of the best in the realm of ultra speculative prospects, cost nothing, could be worth anything. Figure 3 in the announcement shows how well the tenements are positioned between the major fault systems on which both Ballarat and Bendigo lie. The gravity survey should reinforce the position of the deep seated structures that run through the tenememt and the expanded geochemistry might throw up more targets for what they are worth. Any gold in the Murray basin sediments, even at low levels must have come from somewhere as those sediments aren’t the source. There are only two real possibilities: 1) it has come from the outcropping basement sequence to the south and has been blown or moved by erosional processes into the youger sediments of the basin or 2) it is leaking up from the rocks below. I’ll be following this story with interest. Esh