Ann: First assays for Iris copper prospect, Cloncurry-MEP.AX, page-8

According to today's company announcment, as a non-background person's views, it can be summarized as Highlights;
1. Results confirm Irsis as a new Iron Sulphide Copper Gold (ISCG) discovery
2. Geology suggestive of a large, structually controlled, copper gold bearing hydrothermal system
　
As company first time mentioned about 'hydrothermal system', it is likley
Iris South and North are seperated (by falut line)
and Iris North and Electra are connected by about 2.5km strike along fault line.
　
In light of today's announcment, previous days some degree of selling was likely caused by either personal/techinical
sell-down or some sort of leaky information about not go-ahead for sale of Chemelon gold asset or about not fully understanding ISCG system.

If we try to read between lines, today's announcment is likley backed by so far progressed follow-up 4 drillings,
say about 2 or 3 drilling holes finished.

Regards,