Initially three holes will be completed in order to test extent and continuity of mineralisation down dip and down plunge of existing copper – gold intersections (Phase 1 drill holes).

August and September of 2017 SCI completed approximately 2700 metres of drilling at Copper Blow. The drilling was designed to assess lateral and downdip extensions to a number of high grade copper – gold intersections drilled by BHP and Shell in the late 1980s and early 1990s.

SCI drill holes encountered encouraging copper, gold and cobalt grades hosted in magnetite-rich rocks and confirmed a steep southwest plunge to mineralisation. The best intersection was 4 metres at 6.1% copper, 4.23 g/t Au, 13 g/t Ag and 220 ppm cobalt from 188 metres, including 1 metre at 11.3% copper, 10.7 g/t gold, 25 g/t silver and 405 ppm cobalt from 191 metres in hole 17C B041.

A number of drill intersections contain elevated cobalt with little or no copper – gold hosted in magnetite – pyrite rich rock. For example 5.2 metres at 0.14% cobalt in hole 17CB042 from 400 metres, 2 metres at 0.08% cobalt in hole 17CB049 from 48 metres and 0.75 metres at 0.29% cobalt in hole 17CB043 from 333.6 metres. The magnetite – rich rocks throughout the prospect are elevated in cobalt with surface rock samples returning grades to 0.15%.

Program

The current phase of drilling (850 metres) is likely to take three to four weeks to complete. Initial results of are expected late January to early February 2018. A subsequent, more extensive follow – up program (Phase 2) is planned. It will continue to test down – plunge extensions and conduct preliminary drilling of new geophysical and geochemical targets to the northeast.