Ann: Croydon Exploration Update, page-2

Wow they've really been eating some dirt.
Nice to see some good ol fashioned prospecting has identified a few promising targets for further exploration.

I liked this part the best

56 gold nuggets for over 11 ounces of gold has been recovered from three newly discovered “patches” (Patch
#4, 5 and 6)
Patch #4 (23 nuggets for 10 ounces of gold) & Patch #5 ( 30 nuggets for 1 ounce of gold) are located at the
basal unconformity of the Mount Roe Basalt mid-way between Kairos’ earlier discoveries (Patch#1 & Patch
#2), some 0.5 km’s and 1km south of Kairos’ Patch #1 respectively. They were discovered via follow-up metal
detecting. The results confirm exceptional gold minerailsation over at least 2.5km’s of strike with strong gold
anomalism extending for olver 4km’s of strike within this stratigraphic corridor.
Patch #6 totalling 3 gold nuggets, and a gold bearing conglomerate quartz cobble, for 7.7 grams of gold was
discovered during limited follow-up metal detecting of stream sediment sample which returned 18 gold
“colours” in the pan. Significantly these nuggets were found within conglomerates and sandstones of the
Lower Hardey Formation approximately 6 km’s WNW of Nugget Patch #3 (refer ASX release, 20 November
2018), discovered late last year, which yielded 9 nuggets for 7.4g of gold also within sediments of the Lower
Hardey Formation.

NEXT STEPS
• Compile and evaluate assay results from previous regional exploration and from the final 53 assays
due in late January (January-February 2019).
• Planning for next phase of exploration (February/March 2019).
• Resumption of field exploration activities (March/April 2019).

Very encouraging and nicely done.
Cheers