letter to angus, page-28

Are some of the comments on this site justified? With reference to the Mandilla results they may not be. See extract from last quarterly:

" Anglo Australian Resources NL completed an aircore drilling program this quarter consisting of 96 holes for 1631m, vertically drilled to refusal, designed to search for new gold targets south east of the West Mandilla Palaeochannel and the East Mandilla bedrock mineralisation below alluvial sediment cover. This program has defined a 900m long gold bedrock anomaly, 2km south east of previously defined mineralisation, beneath alluvial cover which corresponds to a prominent linear structure and demagnetisation zone evident on the magnetic image (Figure 5). The structural setting and geological characteristics are similar to the East Mandilla and Selene mineralised zones which consist of multiple, thin, high-grade, quartz veins in granite bedrock just east of the mined palaeochannel deposit. The bedrock gold mineralisation is associated with pervasive hematitic alteration (destruction of magnetite) in the granite adjacent to the veins.

Although only composite assays have been received to date with maximum values of 4m @ 1.46g/t Au and 4m @ 1.23g/t Au these results are sufficiently encouraging to plan a follow up RC drilling program."

A reconnaissance program with the kind of results you might expect from such a program. Nothing to jump up and down about yet.