cse will fly soon! look at your chart.., page-6

CSE's last announcement on 1 June which was a very positive announcement (see below) indicated further results in June. Could be any day/minute now!


Copper Strike Limited Drilling Update –
END 12 intersects 15m @ 11.8% Cu 1st June 2005

ASX RELEASE Corporate Details ASX Code: CSE Issued Capital: 51.7m shares 2.9 m unlisted options Key Shareholders: Teck Cominco Australia 16.7% GeoDiscovery Group 9.5% Registered Office: Level 9 – 356 Collins Street Melbourne, Victoria Australia 3000 Board & Management: Mr Tom Eadie Executive Chairman Mr Peter Topham Non Executive Director Mr Neil McLean Non Executive Director Mr Terry Lees Exploration Manager Website: www.copperstrike.com.au For further information: Tom Eadie Phone: 03 96400955 Mobile: 0419 880333 Fax: 03 96420698 [email protected] ABN 16 108 398 983

Highlights As previously reported, drillhole END 12 at the Einasleigh Copper Mine prospect intersected a zone of very strong copper mineralisation.

Assays have now been received and are as follows:
END 12 – 15m @ 11.76% Cu from 244m and 11m @ 3.10% Cu from 269m.

Drilling Results Copper Strike has recently completed a 6 hole drill programme at theEinasleigh Copper Mine prospect (CSE 100%) located 300 kmnorthwest of Townsville.

The results from the first 3 holes werereported on 16 May. In addition to the good results from END 12 described above, END 10intersected a 70m zone of mineralisation within which there were 2zones of stronger mineralisation as follows: END 10 – 2m @ 9.83% Cu from 235m and 2m @ 4.02% Cu from 263m. END 10 and 12 extend the zone of known mineralisationapproximately 50m up dip. END 11 was terminated near surface because of directional problems. Results are shown in Table 1 and inFigure 1.

Next Steps at Einasleigh The drill rig has recently completed a seven hole programme on thenearby Kaiser Bill prospect testing shallow zones and the encouragingopen-ended mineralisation previously announced (28m @ 1.32% Cuincluding 11m @ 3.00% Cu in hole KBDD 08).
Assays will be available in June.

At the Einasleigh Copper Mine prospect, downhole electromagnetics(EM) is being carried out on all the recent holes to help determine theextent of the mineralisation. In addition surface EM coverage is beingextended approximately 2 km to the south to explore for continuationsand possible fault offsets of the mineralisation. Zones of mineralisationand alteration extending approximately 1 km to the north will also becovered.

The drill rig has now moved back to the Einasleigh Copper Mine prospect for a 4-6 hole programme. 1
Table 1: Summary of recent assay results (1% Cu cut-off) Hole No From m To m Interval m Cu % Au ppm Ag ppm Comment END 10 227 235 259 263 228 237 260 265 1 2 1 2 1.84 9.83 2.02 4.02 0.07 0.71 0.23 0.06 13.0 46.6 8.2 19.2 Zone of mineralisation extended from 225 to 295 metres END 11 Short hole – stopped early because of excessive deviation END 12 244 269 284 259 280 285 15 11 1 11.76 3.10 1.25 0.62 0.12 0.06 54.9 13.7 6.5 Figure 2: North – South longitudinal section showing location of drill intersections in the plane of the main target down plunge from the Einasleigh Copper Mine Tom Eadie Managing Director The information in this report as it relates to geology, geochemical and exploration results was compiled by Mr. Neil McLean, MAusIMM, who is a Competent Person and has 20 years experience in the minerals industry and the activities being reported on. Mr. McLean consents to the inclusion of this information in the form and context in which it appears in this report. For further information, please contact: Tom Eadie, Managing Director or Peter Topham Phone: 03 96400955 or 0419 880333 Phone: 03 96023626 Email: [email protected] Email: [email protected]
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