SMD 0.00% 1.0¢ syndicated metals limited

Hi Homer, At the last ASX announcement that came with the...

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    Hi Homer,

    At the last ASX announcement that came with the raising you would read the following at the end:

    A total of 142 historical drill holes have been recorded on the tenements, most of which were drilled
    under and immediately along strike of the historical workings at the Waihi and Korong prospects.
    Drilling rarely penetrated below the oxidized zone which in the area ranges from 20m to 80m. The
    last recorded drill hole was completed in 2003.
    Exploration on the adjoining tenements by Dacian has highlighted the importance of the confluence
    of the Ninnis Fault Zones with the BIF/Ultramafic unit, which hosts the Westralia and Morgans North
    deposits in localizing high‐grade gold mineralisation. The Korong and Waihi mineralisation further
    north displays similar quartz veining and sulphide alteration at contacts between the BIF/porphyry​
    and ultramafic unit as seen at Westralia (see Figure 2).

    Syndicated believes this horizon is highly prospective for gold discoveries, and intends to
    concentrate initially on the main 16km long Korong‐Waihi trend as a focus for near‐term exploration
    activities. For further information in relation to the Monument Gold Project please refer to the​
    Company’s ASX Announcement released on 27 July 2016.
 
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