Ann: Quarterly Activities Report, page-2

Ives Find prospect:
The first diamond hole was drilled to collect geological information to help interpret the structural setting at the Duck target. The second diamond hole was a twin of IFRC073 to study the nature of the gold mineralisation and to determine if electrical geophysical techniques might be suitable to map the gold lode at depth and along strike. The second hole intersected a 7m wide zone of veining with intense silica-sericite- pyrite alteration and sphalerite, galena and fuchsite. Results from the diamond drilling are expected shortly.
May Queen:
three RC holes for 252m and 1 diamond hole for 96.6m core (84m to 180m depth) were completed at May Queen. The RC drilling was designed to test structural targets and the diamond hole was designed to collect geological data to assist in the interpretation of the previously reported gold mineralisation at MQW1 target. The diamond hole did not reach its 200m target depth due to poor ground conditions.
The results from this drilling are expected shortly.

POG performing cartwheels >A$1800
Come on, GTE, we are due a result. Overdue.