Kangan -, page-122

Just sent this to Tim. This should be great news for PIO, but all we have is silence!

Hi Tim,

The latest Novo news release states the following:

“Gold at Paradise may be originating from weathered and eroded Fortescue conglomerates as well as basement lode deposits in the region. If correct, this model implies that the gold-bearing swales discovered at Paradise extend for at least 10 km to the north and south.”

and

“Recently discovered broad gold bearing swales discovered at Paradise likely tie back to areas further south. This implies we have a network of swales nearly 10 km wide and 17 km from south to north to further explore around Egina, a small part of our large land holdings across the expansive terrace. We have many other target areas to test across our terrace holdings this year. We are just getting started.”

PIO has been silent on this great news given tenement E47/3945 lies directly below Paradise and well within the 10km south target.

To me this is significantly more important than the last “sensitive” announcement reporting further drilling at Dome North. PIO could potentially be in the middle of some significant lag gravels and not a word from management. This could be the best thing that ever happened for PIO and not a word!