Discussion of results to dateOf the 399 assays received, only 7...

Discussion of results to date

Of the 399 assays received, only 7 were below detection limited with the average of all assays being 0.3909g/t Au,
reflecting the highly auriferous nature of this prospect. Gold intersections over 1g/t are summarised in Table 2. Over
2,600 assays are yet to be received.

The correlation between gold mineralisation intersected in the new holes and the historic holes that were twinned is
variable, reflecting the nuggety style of the gold mineralisation here. In some cases, new gold lines have been defined,
some of which is to the west of the Primrose Shear and represents previously unrecognised mineralisation. The western
side of the shear has been poorly explored in the past and represents potential for additional gold discovery. This will be
further assessed once all assays are received.

On the eastern side of the Primrose Shear gold mineralisation is hosted in late stage steeply west dipping quartz veins
hosted by the Paynes Find Gneiss. The gold lodes occur as steeply southerly plunging shoots within these veins. On the
western side of the shear, the gold appears to be hosted in sheared ultramafics. The controls on this style are yet to be
determined (Figure 3). (refer to ann. )

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