3 mill ounces....., page-19

Mate, did you not read the announcement on the 11th Jan..... Here it is just in case you didn't. Frank Carr buying more should also be a good indication.



Advanced close-spaced exploration drilling at Parrot Feathers on the Eastern
Structure has strengthened the geological model by increasing intersection
widths and gold grades. The greater widths and grades have been established
though drilling on 20 metre and 10 metre grid patterns (Refer: Table A).
Recent drilling targeted minersalisation between 100m and 150m however this
mineralization continues to the surface and at depth.
The proven existence of the higher-grade mineralised corridors hosting the
thicker quartz-gold structures trending in a grid north direction enables the
specific high grade mineralisation to be followed and found to occur north of
Parrot Feathers. Drill hole PFRC322 on drill traverse 48740N has made a
significant intersection (Refer: Table A). This is the most northern drill hole on
the Eastern Structure. This intersection confirms that significant gold
mineralisation continues further north of Parrot Feathers increasing the known
resource.
Continuity of the higher grade mineralised zones is interpreted to be the
intersection of two sets of structures trending north and northwest associated
with folded meta-sedimentary rock sequences. At Parrot Feathers the folded
sedimentary sequence is overturned and dipping to the east affecting the
orientation of the mineralised structures. Drilling to the west has improved
intersection widths by including significant mineralised alteration.
Recent exploration drilling has defined mineralised structures of significant
widths and grades on the Central Structure - 400 metres west of Parrot
Feathers. Potential mineralisation exists to the north and south of this new
discovery and is open at depth. Results from 4 metre composite samples and
the location of old workings 800 metres to the south suggests another large
gold mineralised system parallel to Parrot Feathers and the Eastern Stucture.
Drlling on the Eastern Structure has commenced with an R.C. pre-collar hole
drilled. This is the precursor to diamond drilling which will test for high grade
structures at depth.