Ann: Encouraging Drill Results from Trenggalek Go, page-7

re: Ann: Encouraging Drill Results from Treng... Results look good.

Decent high content gold intersects, with gold spread throughout (100/122m containing gold in TRDD001, 32/54m containing gold in TRDD002) which could see potential for an open cut mine (rather than an expensive underground mine).

High silver content throughout could also offset the cost of mining and processing.

Looks to me like ANZ is likely committed to selling - the last tranch of debt money was coverted at .6 cents before consolidation - so an equivalent of 30 cents - so their risk management must have decided that a 1/6 return is worth going after at this stage. Remember - they are not looking at this as an investment but recouping debts as best they can.

Personally, I think we will continue to see good intersects, with some perhaps surprising over the coming months.

1.5M shares sold through so far, so perhaps only another 48M to go from ANZ? LOL

Could see more buyers come in on this news with decent volume today but little move up in the share price as ANZ continues to sell.