Gold Nuggets Discovered at Mount Bundy Identify New Exploration...

Gold Nuggets Discovered at Mount Bundy Identify New Exploration Target
HIGHLIGHTS
 Gold nuggets weighing more than 40oz discovered within Mount Bundy tenement package by one
prospector within a month
 Nuggets discovered in under explored region that has no historical drilling
Figure 1: Gold nuggets recently found at Mount Bundy Project (incl gold bars made from finer gold)
ASX ANNOUNCEMENT
ASX: PGO
2 November 2017
Primary Gold Limited
Suite 23, 513 Hay Street
Subiaco WA 6008
T: 08 6143 6700
ABN: 42 122 726 283
Primary Gold Limited (ASX: PGO) (“Primary” or “the Company”) is pleased to advise that a number of
gold nuggets have been discovered from within the Mount Bundy Gold Project in the Northern
Territory.
The nuggets, with a total weight of more than 40 ounces (approx. 1134 grams), were discovered by a
prospector on ridge lines over the course of a month in an under explored region.
The Company believes the angular shape of the nuggets suggest they were found close to the source
as minimal rounding has occurred compared to nuggets that have travelled significant distances and
been exposed to physical transport mechanisms.
Commenting on the nuggets, Primary Gold Managing Director, Mr Garry Mills said, “This is a significant
discovery of nuggets when compared to other well-known gold producing regions in Australia.”
“It is clear from the discovery of these nuggets coupled with historic exploration results and Primary’s
own field exploration that the Mount Bundy Project is highly prospective for gold but remains under
explored. Apart from Primary’s 2017 initial exploration program, drilling has not occurred in areas
outside of the Toms Gully deposit for more than 20 years and the Company has now instigated a
systematic exploration program to assess new potential.