Ann: Calibre 2015 Phase 2 RC Drilling Update No. 3, page-9

"Calibre Phase 2 Reverse-Circulation drilling programme significantly expands the deposit size:

• extends strike length of overall Calibre gold-copper mineralisation to in excess of 1.5km and up to 480m across strike and remains open in most directions.
• extends strike length of Calibre North gold-copper mineralisation which includes zones of possible higher grade gold (with copper) mineralisation, by a further 300 to 400m north to in excess of 700m in total strike length;
• strike extent of Calibre North mineralisation commensurate with previously reported Exploration Target; and
• mineralisation open down dip, across width and along strike to the south and possibly the north."

This is great news. While assay results may take approximately six weeks, the company could release interim results at any time.

No drilling for Stage 3 yet while they undertake geophysical surveying to identify possible drill targets.

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