Ann: Positive VAT Leach Test Results, page-37

NEW Exploration to begin soon. Bring it on.

The company announced that the latest round of drilling which intersected the gold zone remains open, both up and down plunge to the east.

The high-grade intersection found at the main Trudi deposit stands at 4m at 19.88 grams per tonne gold, including 1m at 69.30g/t gold from 21m.

The 2018 drilling program comprised 167 holes with other key results returning 2m at 10.47g/t gold from 33m and 3m at 4.29g/t gold including 1m at 6.7g/t gold from 27m.

King River said the high-grade find was returned from a new gold zone at the eastern most edge of the Trudi grid drilling where visible gold was noted from panning of the drill piles.

“The discovery of this new high-grade zone is very encouraging confirming the company’s belief that multiple high-grade shoots exist at Trudi and are yet to be discovered,” it added.

A gold deposit above 5 grams per tonne is considered high grade, and shallow, near-surface mineralisation can be easier and cheaper to mine.