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At the Edwards Prospect 11 reverse circulation drillholes, totalling 928 metres, have been completed (Figure 1, Table 1).

These drillholes were an initial broad spaced test of a variety of targets within what is referred to as the Edwards Prospect area. At this location refraction of WNW trending shears around a lobe of granite has produced an area of fracturing and shearing with the potential to host numerous mineralised structures in close proximity (Figure 2).

Drillhole results received from this broad spaced preliminary drilling are encouraging as the distribution of mineralisation is similar to that at the Granite Castle deposit with zones of moderate to high grades located within a lower grade envelope.

Nine of the eleven drillholes completed have intersected gold values greater than the 0.2 g/t Au cutoff used for the Granite Castle deposit and 5 drillholes intersected values greater than 1.00 gt Au.

Significantly several holes have intersected multiple zones of mineralisation. Drillhole GCRC563 (Table 1) also intersected a 9 metre wide zone of mineralisation at a depth of 90 metres vertical from surface.

Higher grade gold values in drillholes GCRC564 ([email protected] g/t Au, 20.8 g/t Ag, including [email protected] g/t Au and 28.2 Ag) and GCRC570 ([email protected] g/t Au, 15.2ppm Ag) have demonstrated the capacity of the mineralising system to contain higher grade material.

Mineralisation at the Edwards Prospect area remains open to the west, with drillholes GCRC564, 565, 566, and 570 representing the western extent of drilling to date.

Within the Edwards area follow-up work, in addition to stepping out from known mineralisation, shall investigate the potential for thicker and/or higher grade sites of mineralisation at structural jogs, dilation zones and shear intersections.

The Edwards area is considered to have high potential to contribute additional resources to the Granite Castle project.

Final drill hole analytical results are currently awaited for the Coronation, Davron, and Telstra Tower areas. All drillhole samples are at the laboratory and the availability of results is dependent upon laboratory turnaround.