Ann: Drilling Update Douglas Creek IOCG Prospect - Peake Project, page-6

Absolutely encouraging.

As the core is brought out of the ground it is handed over to the geologist for logging. A portable hand held XRF is also used to get a rough 'assay'. Obviously you would think there is some amount of copper present. Presumably only low grade overall (the company hasn't put itself into a trading halt).

No doubt the Directors are hoping this is a near miss hole and hence the new hole from the same drill pad - at a different angle.

Some ore grade intersections will be helpful for a cap raise. This target might require half a dozen not very cheap holes. $3.8m in the bank. Needs another top up soon (despite the recent $2m raising).

One for young and brave punters on this 100% owned project.