Ann: Drilling Success Continues at Guchab , page-84

Just to summarize an earlier lengthy posting of mine on drill results to date from Pad 1

Hole 2. Half the hole was in mineralization,
last half just glanced by it in the dolomite footwall. If the hole had been inclined marginally higher by a few degrees its likely the full hole would have been in mineraliztion. So no dramas here

Hole 3 . Nearly vertical. About 25 metres of mineralization. Clearly seems to be at an extremity of the deposit, as does Hole 2 for that matter. So again, nothing alarming here. Its not like it is indicating the deposit is 25 metres deep only over its entirety!!!. Its just where the drill hole was positioned and thats clearly seems to be at a boundary near the footwall and Hole 2 for that matter is the same. The deposit is clearly inclined at an angle of just under 60 degrees in the vicinity of Pad 1

The Holes 1 -3 were all drilled in a southerly orientation ( azimuth 180 deegrees) and therefore are in the same plane.

Holes 4 and 5. Drilled at 55 degrees inclination, Hole 4 being South West Orientaion ( azimuth 225 degrees) and Hole 5 was South - East in direction. Both in mineralization. So thats positive because we now have mineralization extending East - West , as well as South. Also the old Guchab mine workings were due north of Pad 1, so clearly mineralization extends in that direction also

Historical trenching data in earlier reports suggest the deposit(s) extend a reasobale distance in the East - West direction, and Pad 2 is located 500 metres to the West of Pad 1 so the results from this drilling platform will be very interesting

The gelogical literature on the Otavi copper deposits shows these to be deep bodies called "pendants", with sulphide at depth. The nearby Konbat deposit has mineralization down to 1500 metres. Geologically speaking, the geo literature indicated these deposits formed due to more or less vertical fissures ( cracks) being generated in the host rocks as the mountains were squeezed upwards, and copper sulphide rich solutions filled these fissures sourced from deep down. Overtime the upper portions of the deposit oxidized to mostly malachite, as per the Sabre drill cores show. So in a nutshell, think "deep" for the Guchab deposit if it fits the same pattern. We just need to get drill holes favourably positioned to show this, hopefully Pad 2 drilling will give us a clearer picture

Re the Share Price action, saner heads will prevail and we need to flush out the shares from the options exercise which may take a little while.

Dont lose sight of the fact that Kaskara is still the potential jewel in the crown and I suspect this is going to be drilled fairly soon. Would like to see the company give us an update on this aspect