Ann: Exploration Update at 100% Owned MacPhersons Project, page-3

Real good times, and how about that gold price eh? Cracking back over $2700

Music to my ears:

As anticipated, drilling has intercepted relatively consistent geology on all sections. The interpreted ore position sits on a flat easterly dipping mafic / ultramafic contact with evidence of veining, sulphides and shearing at or near the contact. Assay results are expected by the end of April.

MacPhersons Field Mapping and Sampling

Fieldwork at MacPhersons commenced during the quarter to assist with generating new exploration targets. Over 50 historic shafts and costeans have been identified over the project, the majority of which are without any accompanying lithology or assay data. Sampling of these features along with several rock outcrops, quartz blows and dumps will assist with establishing a robust surface dataset at MacPhersons.
Although only in the early stages of this program there has already been several successes, including the Quartzite prospect.
At the Quartzite prospect several grab samples have been taken along an historic costean adjacent to the original shaft. Assays have returned up to 5.24g/t across several metres. There has been no modern‐day exploration or drilling within 200m of this location. First‐pass aircore drilling has been planned for the June quarter to further assess this target.
Regional mapping identified quartz outcrop spanning over 400m. The previously unidentified quartz along the mafic ultramafic contact sits to the south along strike from MacPhersons Reward gold mine. Three assays taken returned low order anomalism between 0.1 g/t Au and 0.19g/t Au from grab samples. Sampling of rock dumps around a shaft North‐West of Bakers Find returned an average of 11.88g/t over
5 samples, the highest sample returning 20.20g/t. No previous exploration drilling has been targeted around this shaft.