bungalowbill...re questions to the company...I take it that you...

bungalowbill...re questions to the company...

I take it that you wont be attending the AGM if you live in Melbourne, but to add to your list for anyone in Perth who might be going. (I'm no longer a shareholder so I cant attend).

NOTE: I have plotted some old drill holes by Sulphide Resources from 2012, and I see the holes coincide with the boundaries of the new alluvial pit. The best being [email protected] (0-4m) and [email protected] (0-4m). Another hole by CLZ shows 0.93g (0-1m) on the north western boundary of the pit. This is the best of any surface drilling results on the Kat Gap area as far as I know. The alluvial pit sits within the triangle made by these 3 drill holes.

The significance of the 4m @ 1.1g needs some explanation...When you sample a 4m section of a drill hole and get greater than 0.1g you really need to resample at 1m intervals. In this case a 1m interval could in theory grade 4.4g. But in practice, because bulk sampling is very rough and tends to miss narrow high grade, you could have an individual metre of maybe 10g. Such an intersection should not be given away to alluvial operations without a thorough investigation of the full ore body potential. There may be an easily accessible bonanza grade ore body present. I for one would like to know, but that opportunity appears to have been taken from CLZ shareholders without explanation.
Ignoring the potential for high grade pockets and alluvial nuggets, my estimate for this area is 30,000 t @ 1g or total value of $2.5million. In my experience where course gold and nuggets exist, grades will be underestimated. CLZ in their latest announcement confirmed the tendancy to under estimate grade at Kat Gap.

Using my own prospects as an example I have 4m @ 0.5g (0-4m) in a drill hole and nuggets all over the place on the surface. Another of my prospects nearby has 4m @ 0.75g on the surface. Do you think I would start pushing dirt around without thorough drilling? NO WAY. There could be a discreat layer of high grade and once you start pushing dirt around indescriminatly you stuff it up. But is seems CLZ or it's agent doesn't have that worry. That's why I suspect anything that CLZ does, and their agenda.

QUESTIONS:

1. Who signed the POW's for, and who is conducting the alluvial work to the south west of the trial pit.
2. Is there any other alluvial work going on that hasn't been disclosed to CLZ shareholders.
3. Is mined material being shifted off site for treatment?
4. What is the companies share of gold recovered from these alluvial gold mining operations.
5. Couldn't you say these alluvial mining operations are hindering exploration work where some of CLZ's best surface anomalies exist?
6. Couldn't you say that these mining operations while in progress, are preventing further exploration in those highly prospective granite areas and thereby hindering work that could have a positive effect on CLZ's share price?
7. Is there a data record showing locations and quantities of recovered surface and alluvial gold, data which should be reported and data which if CLZ shareholders possessed would enable them to assess prospectivity for the western granite?