Ann: Lady Grey Exploration Update, page-255

Some historical announcements for anyone interested. There has been drilling on the property previously with some logs previously missing. Will be interesting to see what Brian has located.

Forrestania
The Forrestania prospect (exploration licence application) contains an unmined gold-bearing laterite,from a historic prospect referred to as the Blue Turtle prospect. No drill logs can be located but thedrill locations are noted on plans. Open file report A24752 refers in the text to primary goldmineralization at the Blue Turtle prospect up to 3m @ 6.6g/t from 9m with 3 to 6m of laterite pisolithsabove grading up to 1.28g/t2.Shallow drilling on 100m spaced lines either side failed to delineate any continuity. In this area,depletion zones combined with near vertical gold shoots in the unweathered basement are oftenbeneath near-surface oxide mineralisation, and it appears no deep RC drilling has been undertaken atthis prospect. Multiple E-W trending dykes at this location have disturbed the N-S stratigraphy andmineralisation may be locally folded or remobilised, so could be trending oblique to the E-W drill lines.Gold mineralisation could potentially be around 150m in strike and may be related to a vertical or subverticalplunging shoot.

Looks like Gondwana spent around 6 years trying to get hold of LG. The application was continuously under objection from Montague Resources Australia P/L.

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://announcements.asx.com.au/asxpdf/20170807/pdf/43l6sgp8jvxrgw.pdf
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.aspecthuntley.com.au/asxdata/20160215/pdf/01711662.pdf
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://announcements.asx.com.au/asxpdf/20150202/pdf/42wbscggc77lfx.pdf
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.aspecthuntley.com.au/asxdata/20170912/pdf/01895211.pdf

GD