Exploration Success to Extend Mineralisation at Mt Freda Gold Mine HIGHLIGHTS • The first two drill holes (in a four-hole program) at the Mt Scheelite Target, proximate to the flagship Mt Freda Gold Mine, have encountered strong gold mineralisation. • Key intersects include: ▪ 21m @ 3.27 g/t Au from 34m; including 4m @ 11.53 g/t Au from 34m (MS22RC001) ▪ 19m @ 1.5 g/t Au from 51m; including 5m @ 3.35 g/t Au from 51m (MS22RC002) (note highlight added) • Results confirm the Mt Scheelite Target contains significant near surface gold mineralisation that has the potential to extend the life of mine at the Company’s flagship Mt Freda Gold Mine in Cloncurry, QLD. • Focus remains on fully financed near term gold production from the Mt Freda Gold Mine. Tombola Gold Ltd (ASX:TBA) (“Tombola” or the “Company”) is pleased to announce positive results from the first two drill holes of a four-hole drilling program at the Mt Scheelite Target, within the highly prospective Golden Mile Complex in Cloncurry, Queensland. Tombola Gold Managing Director, Byron Miles, commented: “The initial drilling success at our Mt Scheelite Target is very important as we seek to find additional gold mineralisation to extend the life of mine at our flagship Mt Freda Gold Mine that will commence production over the coming months. We have now confirmed that gold mineralisation remains open in a number of areas which has resulted in new targets that have the potential to add considerable life of mine to Mt Freda. This is highly significant as we advance to near term gold production and deliver on our aspiration to become a meaningful Australian gold producer.”
