Ann: Further Strong Results and High-Grade Gold at Yandal West, page-15

Woa back a little there. The top section aren't the step-out holes. HFRC019 and HFRC022 are the same holes that were originally reported on 28-Sep-2017, and have been repeated in every update since then. The only difference is that the samples have been re-assayed at 1m intervals for greater precision. It should be expected that this will accentuate the veiny nature of the deposit, creating spikes, where the original preliminary 4m interval assay will tend to smooth the results more. The overall contained-gold doesn't really change much.

The new holes show some reasonable grades at fairly shallow first intercepts, which is good. There are also some reasonable grade intercepts deeper down, which is also good. The signs point toward an economically exploitable resource.

On the risk side, the exploration target is starting to look a bit patchy and narrow. HFRC009 through to HFRC014 are dusters and that entire transverse (N2740) produced only one intercept over 1g/t (HFRC005) and only two other intercepts above 0.5g/t (HFRC005 again and HFRC023 at the point where it crosses HFRC005). So this transverse is effectively a duster. N2210 (HFRC031 to HFRC039) is another dud.

I've only had a quick look so far, but in my view these results certainly don't support anything anywhere near excitement. Cautious optimism at best from me. I'm going to keep waiting.