Ann: Trading Halt, page-25

I suspect it might be news on anomaly 1 or anomaly 2. This is what was being drilled the past week or so. From the last ann. below

NEW PROSPECTS IDENTIFIED BY EM SURVEYS AT THE CATHEDRALS BELT
As part of the EM survey underway at Mt Alexander, a MLEM survey has been completed over a 2.2km strike of the Cathedrals Belt as highlighted in Figure 3 below. This area is underexplored with very limited drilling.BHP completed a SQUID high temperature Fixed Loop EM (FLEM) survey over this area in 2010. The FLEM survey indicated some anomalism but the data was inadequate to model specific targets due to sub-optimal loop location. The new survey completed by St George used a Slingram MLEM configuration, which was designed by Newexco specifically for this area.The new MLEM survey has identified two conductive sources, which are co-incident with the anomalous zones identified in the 2010 BHP FLEM survey. The conductive anomalies are seen in the mid-late time data from the MLEM survey and are interpreted to represent bedrock conductors consistent with a massive sulphide source. Figure 4 below shows the location of the two conductors.

Anomaly 1 is located about 1km to the east of the Cathedrals Prospect, and is proximal to a nickel-copper gossan at surface. It is modelled with conductivity of 30,000 Siemens and situated 30m below surface.Anomaly 2 is located a further 1km to the east and is within the same structural horizon as the historical BHP drill hole MARC063 which intersected 10m @ 2,630ppm Ni and 770ppm Cu from 20m including 2m @ 3,790ppm Ni and 2,390ppm Cu from 28m at the Bullets Prospect. Additional MLEM lines will be completed this week to finalise modelling of Anomaly 2. Both anomalies are co-incident with the strong magnetic linear trend that is known to host mineralised ultramafics in other parts of the Cathedrals Belt.BHP completed four drill holes in the 1km strike of the Cathedrals Belt between Anomaly 1 and Anomaly 2. MARC063 intersected nickel-copper sulphides as noted above, while the other holes intersected granites. None of the holes tested the newly identified EM conductors. The confirmation of high-grade nickel-copper sulphide mineralisation in these areas of the Cathedrals Belt would represent new discoveries, which could substantially increase the resource potential at the Mt Alexander Project.The test drilling of the new EM conductors has been fast-tracked and will be carried out next week.