Ann: Copper and Gold Intersected in latest Drilling at Mt Isa, page-5

A typical "life is a box of chocolates" exploration announcement here, a mixture of good and bad results.

Positives

• Tourist zone results are OK and seem to imply that previous explorers hadn't closed off a southerly plunge so its good news there well done.
• Bulonga never drilled by any explorers before (mind boggling I know), and the first two HMX holes hit something decent, so this is encouraging
• More assays from drilling at Mt Mascotte and Mt Hope are on the way (samples in the lab)

Negatives

• Still stuffing around with EM targets around Kalman North, and finding graphite, so a poor use of drill resources.
• Overlander results too big and low grade to be mineable, stop wasting time here unless they can find something much higher grade because all they are doing is proving up a bajillion tonnes of road base at the moment, waste of drill resources.
• Pommern downgraded by first HMX drilling but thats fine, drill the target and move on if nothing compelling (really is a netural and life as per normal for all exploration companies)