The results are beyond the Company’s expectations. The widespread occurrence, configuration, breadth of intersection of
hydrothermal alteration zones and copper, lead and zinc sulphides is indicative of a large mineral system(s) effecting basement
rocks at Roadhouse, Jumping Spider, and Mount Lamb. These systems include IOCG’s and/or SEDEX’s.
Excluding the targets further west, at Frewena Fable, the Company is yet to test the Plains and Desert Creek targets within the
Mount Lamb regional prospect area, and the SW Targets, located between Mount Lamb and Roadhouse.
The Company has demobilised Rig 2 and will focus on core logging, sampling and assaying. Assays will be critical in assessment
and future drill hole design.
Based on the companies statement here should we be worried?
Ann: Drilling Confirms Further IOCG Pot. at J/Spider & Mt Lamb NE, page-56
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