Comments from John Lawton, Managing Director “The highly encouraging results from the airborne gravity and magnetic survey provide more confidence that the potential scale of the Project will continue to grow as we move towards feasibility, as well as confirming the exploration potential within the region for more discoveries similar to Tampia. The survey is state of the art and has not been used before as a targeting tool in the region. This survey has already provided a number of ‘walk up’ drill targets, 3 of which are considered major new targets. Drilling of prioritised targets will follow regional prospectivity modelling. We have already proven from exploration and resource drilling that when gravity is used in conjunction with magnetics, new discoveries of high grade gold mineralisation can be made, and the combination of these techniques provides the Company with a significant advantage in an area which has received little previous exploration effort and consequently presents considerable opportunity.”
EXU Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
