Gold up $16, page-45

Exploration news flow events before June

1) 22 x Infill plus 4 deeper RC drill holes below East Lode recently completed (2,000m)

(Could expect more results from Blackmans in March and resource and reserve modelling through to June. Blackmans has very promising high grade supergene gold near surface. Grades seem to fall off with fresh rock at depth, although one intersection of 1m @7.48g/t at Blackmans west shows that grade is also supported at depth. I like the way these deposit are shaping up. High grade and easy digging)

2) Fraser Range

(Drilling in March. Interesting wild cat target at depth. Tight and coincident gravity and magnetic anomalies. More game changer potential or just walk away. Should know straight away if hole has potential as geos will see it in the core. If you see the share price moving unexpectedly while this drilling is on, hold your hats)

3) Tanami - Walk-up Callie-style drill targets within granted Suplejack EL

(RC drilling to start late March, if successful results might start flowing late April/May. These tenements could throw up anything. Game changer potential for little initial expenditure)

4) Coogee - Regional RAB/Aircore traverses recently drilled (~1,000m) and awaiting results

(already drilled, results could come out any time. Another easy digging deposit at Coogee would be a pleasant surprise)

Plenty of news flow from exploration events before June, aside from the news we like best........more cash in bank.

Eshmun



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