Ann: Exploration Update, page-5

.....and once again, no results at waste rock grades! Crazy stuff. More strong evidence at how widespread the mineralisation is.

Normally when you're assaying gold samples you get pages and pages of of <0.01g\t results (below detection). We haven't got anything even close to 0.01 from the 3 drillholes so far. Our lowest result is 1.6g/t which is the average grade for a lot of gold mines.

In fact, given how widespread the mineralisation is and how close hole 3 (avg grade 53g/t) is to the Adelar workings you could fairly safely assume that the grades will continue and probably increase in that direction. That gives us a NE'ly strike length of about 800 metres!

Then there's the workings at Cutia 400m across-dip to the SW of the Adelar workings. You could fairly safely assume that the grades will continue between the workings. 400 x 800 x 40m x 3.0 (density) = 38Mt