Ann: Quarterly Activities Report, page-71

still cheap as chips I'm buying up.The Porphyry Cu‐Au potential at Juruena has previously been described by several consultants who have visited the project (Simon Meldrum, Ian Groves, Craig Hart and others). They all agree that the Juruena mineralisation is typical of a Porphyry/Epithermal Au/Cu‐Au Magmatic System. This conclusion was arrived through: mapping lithologic units, surface and down‐hole geochemistry (elemental associations), detailed geophysics, hydrothermal alteration and Cu‐Au mineralisation observed in drill cores. All these suggest the Juruena Project Au mineralisation is related to a magmatic system and presents excellent additional potential for Cu‐Au mineralisation. Recent drill hole JUDD010 intersected Au‐Cu mineralisation (54.3m @ 1.33g/t Au & 0.23% Cu from 171m) at Crentes.