Ann: Company Exploration Update, page-2

If these results can fit into the existing mine structure, then it could see a positive impact to the books, whatever they may be like (yes, sarcasm alert activated).... I do like how it is increasing in grade with open end. Some positives occurring behind the scenes but a long way to go before any celebratory plans are forthcoming.

Will this Phoenix eventually fly or is it a dead duck floating in the reeds...?

TBC.


Highlights

•   This drilling program confirms the presence and continuity of the mineralisation defined as Area 1 in the Stage 1 drilling
  
  
•   The recent drilling has expanded the envelope of mineralisation
  
  
•   Mineralisation appears to be increasing in grade at depth and is open down plunge
  
  
•   Significant intersections from the program include:
  

o 29m @ 3.27% Zn from 277m includes 5m @ 5.68% Zn (GTD256)
o 15m @ 3.98% Zn from 231m includes 2.2m @ 10.2% Zn (GTD257)
o 38.8m @ 3.95% Zn from 313m includes 4.2m @ 7.88% Zn and 7.4m @ 9.59% Zn (GTD258)
o 5.6m @ 3.22% Zn from 222m and 11m @ 2.29% Zn from 248m (GTD259)
o 20.9m @ 3.71% Zn from 174.4m includes 4.7m @ 5.78% Zn (GTD260)
o 21.7m @ 2.97% Zn from 266m includes 8.4m @ 5.11% Zn (GTD260)
o 23.9m @ 3.12% Zn from 229m includes 2.0m @ 5.59% Zn (GTD261)