Ann: HG AC Results Reveal Shallow Gold Discovery at Pegasus, page-4

...Also pleasing that the Company's thesis on gravity lows reinforced yet again:

The results have confirmed the discovery of a significant zone of new mineralisation and reinforced our view that gravity lows highlighted in the recent detailed survey over the greater Cardinia area represent priority exploration targets for new discoveries for the Company’s exploration team.

The Pegasus prospect was first identified as a soil geochemical anomaly after regional, wide-spaced auger sampling undertaken in early 2020. The auger program identified a number of gold-in-soil anomalies in the western Corridor including the Eagle-Crow prospect which received recent RC drill testing with strong initial results. The prospectivity of the Pegasus target was enhanced with the completion of the detailed gravity survey in the September quarter which showed the anomalous soil geochemistry was coincident with the edge of a large NW-SE trending gravity low. Gravity lows have shown a strong correlation with gold mineralisation at the adjacent Bruno-Lewis deposit and recent high-grade discoveries at Cardinia Hill and Rangoon in the Eastern Corridor at Cardinia.