Ann: Greater Duchess Exploration Update - 41m @ 1.8% Copper, page-54

The other thing that is important about Mount Hope is that it is a granted mining lease. It may still take a two years to get into production but a lot quicker than applying for a new mining lease. It may be able to fund all future exploration and a future Carnaby processing plant through sending some high grade away for contract processing (plenty of local options for this). This means Mount Hope could help Carnaby avoid massive dilution and long time lag to production.

The photo posted of a tray of very high grade chalcopyrite core is very impressive. The chalcocite is also impressive but not pretty to look at. The true width arguments are non-issues when CNB have provided cross sections to scale and the true width can be measured off very easily. There may be some variation as the drilling density increases but these sections are the current state of knowledge. Drill hole positions and trajectories, and ground surfaces, are actually surveyed and should be accurate. With the mining lease boundary being an impediment to drill rig placement they are doing the best they can. The ore bodies are projected as entering the Hammer ground but at depths of 500m or more, who knows if they flex before that and become vertical.

The potential of the 100km belt has been picked up by others now and any hits south of Nil Desperandum will generate significant interest. I think it is important to throw a JORC on the table before that interest has any chance of turning into corporate action.

So roll on drilling on the granted mining leases at Mount Hope. Could we please have a few holes at Lady Fanny North to test the IP anomaly and down plunge extension of the high grade zone at 100 to 300m below surface above LFDD111 and LFDD131. This would open up a huge additional down plunge extension and could assist with the JORC size.

Enjoy the ride with significant discoveries of shallow high-grade copper, one on a granted mining lease with local toll treatment processing options.

DYOR. Not investment advice.