inaccurate announcement

Just called Daven Timms at GCR to query yesterdays announcement re: CBA substantial holding. He acknowledged that the announcement contained inaccurate information re: a 'SELL' of 12150000 shares. This should have read 'OPTIONS CONVERSION' into 12150000.

There has been a net increase as a consequence of CBA transactions since last announcment in Februrary.

According to Daven, CBA remain confident in Copper Hill and are sticking around to see the fruits.

In relation to last update on CH there was reference to a diamond drill hole that mirrored a reverse cycle drill hole (i.e. 108). Notable is the substantial increase in gold and copper grades in the diamond drill core relative to the reverse cycle. When compared there was a 20% increase in copper grade and 50% increase in gold grade. WOW, that bodes well for a significant resource upgrade BASED ON KNOWN MINERALISED FOOTPRINT.

In short Diamond drilling collects 100% of the core, as opposed to the reverse cycle, it is more expensive to underake but is more accurate for determining mineralisation grades. If more diamond drilling is undertaken and it consistently upgrades existing grades for completed reverse cycle drilling then watch out for a massive increase in resources.