Ann: Quarterly Activities Report, page-2

Have had bit of  a read of the report overnight.

A few take aways of points I found interesting.

Next results from Irvine due starting next week.
Visible gold over 10m? Good sign that gold exists under the oxidation zone.
Resolute is starting to look like a valuable and company making resource in its own right.
The fault on the Western side of the Irvine Granite intrusion would seem to create the ideal circumstance for Stawell type deposits, lets see if it works out. Keen to see some holes drilled into Napoleon in particular. good sign that we have applied for the 4 excised EL's to be granted back to us.

Glenlyle Project.

The report about the anomalous zone of Zinc is interesting although easily missed in the report.

EL5425
Hmm, my old favourite. Check out page 10, SVY expected to drill a hole on a target this qtr following completion of 'studies'. Bearing in mind, they had to spend $150k in the first 2 years for 51% and another $300k over the following 3 years to go to 80%. If the pre work plus drilling hits $450k, they will be at 80% by  ???  Could this be a record for a JV program earn in? At least we could have 20% of a very very lucrative project. SVY drill results for next holes at TG due anytime, we will feel some of that if they hit the core.

Tandarra.
Drilling completed months ago, assays must be due anytime. Hopefully a few very exciting weeks in front of us. CYL have done a huge drill program on several of the prospective areas at Tandarra and given numerous previous high grade intercepts, the likelihood of some headline results is pretty good (IMO).

St Arnaud.
Early days but has potential.

Market;
Nice consolidation happening, don't be surprised if this rerates sometime soon.

GLTH, DYOR.