The company has returned several highly anomalous significant (>5m at 0.2g/t gold ) intersections over a 400m strike

A total of 11 holes for 1,476m were drilled in the program to investigate a strong > 4 0ppb gold – in – soil anomaly w hich coincide d with several dryblowing areas. The anomaly was continuous over >1,600m of strike and between 150 to 250m wide.

The drill results confirmed the soil anomaly and are from re – assaying the anomalous (>0.1g/t gold) 4m initial sample composites. They confirmed the wide intersections of sulphide – rich quartz carbonate lode material logged in the holes are mineralised with assays up to 1.69g/t gold.

The extension indicated by the arrow at the bottom is generated from the magnetics and the anomaly in drillhole CHRC 1 in the composite sampling, which returned 4m at 0.1g/t Au from 4m. To secure the strong south – east magnetic extension , two new leases have been pegged to the east of the tenement (P25/2319 and 2320) . This ground will allow for the continuity of the NNW – SSE trending gold lode defined by magnetics to be inve stigated and tested.

The magnetics in the above figure clearly show the structures and stratigraphy that control the gold mineralisation at Clinker Hill. The important NE structures seen to displace the NW stratigraphy and are similar to the structures associated with gold min eralisation in the east Kalgoorlie area such as Glandore, Salt Creek and Majestic.

Other Projects

Two Exploration Incentive Scheme applications for diamond drill ing have been submitted for the Bulloo Downs and Glandore projects. These drilling programs hav e been designed to test , define and confirm multiple mineralisation targets and allow further assessment on both projects to be quantified.