Ann: Mt Alexander - Drilling Update, page-134

Hi @helmenesh

Asked similar questions of JP a few days ago. Here's his reply fyi.

So much happening, all going well imo.

Cheers
Tradealot


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Conductor Size - MAD 179 - Fishhook DHEM


, the deep holes so far have been successful in identifying the conduit for the high-grade mineralisation at surface and this gives us a priority target area to keep searching for the nickel sulphides. Hopefully the DHEM surveys in MAD180 and MAD182 detect an off-hole conductor like occurred with MASD179.

The conductors in MAD179 are not huge in size, maybe upto 30m-40m strike. For this kind of target the modelled size can be inaccurate and we may be seeing the tip of something larger. What is fairly certain is that the EM signature is strongly suggesting massive nickel sulphides.

We are still reviewing the Fish Hook DHEM data. Nothing popped out but we are integrating with other data. The MT anomaly is out of range from where the DHEMs were carried out, so the deeper target is still alive. Something needs to account for the nickel-copper soil anomaly and we will be following up.

Regards

John Prineas

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