Ann: Assays Confirm IOCG Style Mineralisation at Peake Project, page-5

Great announcement, I must of read it 20 times.

If someone explained the intersects described my first go to in terms of classifying the mineralization would not have been IOCG, more likely IRGS or porphyry. I'm not saying that that is the case but in terms of what one would expect to see it is not it. It is also clear to me given the nature of the intersects that this is a near-miss hole (or a super low grade system) and that the gravity peak is acting as a bit of a red herring for targeting given the intersected dolerites (that the mineralization clearly cross-cuts) are causing it. Furthermore the mineralization intersected, although great is not moving the needle on the gravity. Hence the companies very wise pursuit of the IP hopefully shows this are to be a low area with a peripheral high gradient 40 mVN + zone.

Another interesting aspect in the images shown (would be nice to see more) is that the mineralized zones are quite flat. Suggesting a compressional regime during emplacement. This would result in a shallowly plunging shoot with some peripheral veining. It also bodes well for AC30. The dip on the modeled plate seemed a bit shallow for my liking but given what's been intersected here it is very nice. Also there the gravity matches the raw AEM too well not to get excited.

The final point of interest is the Au-Cu ratio. In a typical IOCG in SA one would expect to see much less gold with the amount of Cu seen. So once again, differentness.

GLTA,
CC