Ann: Drilling Update Douglas Creek IOCG Prospect - Peake Project, page-17

Without getting ahead of the game or building too much expectation, the update suggested some very positive indications:
1) The hole was extended from the planned 600m depth to 786m ...... a significant extra 186m which was based on inspection of the drill core
2) Core cutting from basement at 136m to end of hole at 786m will take place with ALL samples to be submitted for analysis ...... that's 650m of core to be sampled and analysed if I'm reading that correctly so one would think from basement to EOH showed promising core.
3) Immediately after, a second unplanned hole was commenced and will test the prospective gravity and magnetic anomaly modelled to the northeast from 300-800m depth.

With first assays due in September, this could be very interesting. Then assays from the unplanned follow up hole probably due in October.

Investors have been accumulating from the low 5's and has pushed the share price up to well over 7c highs.

There is plenty of upside with positive news from current levels:
Share Price: 7.0c
Market Cap: $8M
Cash: $3.8M (@ 30/6/24)
EV: $4.2M