Ann: Assay results continue to develop Cu Au and Ag potential, page-90

Have a look at the ann on 18 Feb 2015 Market_Assassin, esp the following comments y JA:

"The degree of haematite veining and magnetite alteration intersected at Spyall are encouraging for that hole to be a "near-miss" to a large iron oxide system.

Although no strong visible copper sulphides were intersected, Investigator will undertake modern multi-element assaying of the cores to assess whether the Spyall hole hit the edge of an IOCG system.

The intended assaying for both holes will guide further exploration for shallow copper-gold deposits in this large under-explored area of the Yorke Peninsula."

The comments are based on a visual assessment and the assay results will be reported when received.

Under a discussion of the Spyall area it says:

"To determine if RSDDH02 is a near-miss to copper gold mineralisation, representative intervals of the haematitic and magnetite mineralisation will also be assayed for pathfinder elements as indications of proximity to a better developed IOCG system.
The opportunity arising from this drilling is to apply airborne systems like electromagnetics to readily explore this thinly covered extension to a world-class IOCG province."

IMO we should await the assay results for Spyall and see what the findings are - note also that they have sunk just one hole at Spyall. Note also that it appears that the co is now taking a very conservative view compared to previously.

The great thing about HC is that we all make a contribution and we are all the richer for it as we can get different perspectives. I value greatly Goldy's contribution just as I do yours and other posters.