Ann: Geophysical Surveys and Drilling Update - Peake Project, page-5

The only thing this sell off has confirmed is the absolute lack of interest in the stock and the low liquidity.

As far as the AEM conductor is concerned it could be something or it could be graphite or a barren sulfides. I don't hold out a lot of hope for this one other than its proximity to AC23 where it is abundantly clear when one reads between the lines that they have indeed intersected a mineralised system.

From the Geophys employed it is clear that whatever mineralisation they have hit is very similar to Wills, i.e. Cu sulphide associated with magnetite, hence the detailed drone mag, EM hoping for massive sulphide (that is not present) and IP to hone down on high concentrations of disseminated sulfides.

Very interesting to see how the assays and IP come out. Some encouragement from the first (i.e. 50-100m @ 0.1-0.3 wt. % Cu) and the second showing that the hole intersected a low portion in the IP would bode very well.

Cheers,
CC