activities report no31, page-2

Delta Indicated Drilling
The indicated drilling at the Delta Prospect has been
undertaken at a spacing of 125m by 100m (Figure 1).
Approximately 70% of the prospect has now been drilled
at this spacing, including all of the more prospective north
arm and a large proportion of the south arm. In total, 386
holes have been drilled for 21,243m at the Delta Prospect
alone. Some of this drilling was undertaken in an area not
previously drilled in the southeast of the prospect and
outside of the current resource, with very encouraging
visual Bedded Iron Deposit (BID) intersections recorded at
shallow depths.