Ann: Gold Coast Investment Showcase Presentation, page-151

The presence of "gold flecks" in the core and the confirmation of being in an "Ore Phase" is generally a positive indicator for the quality of a deposit. This suggests the drill bit has penetrated a mineralized zone with potential economic value.

Factors Suggesting a Good Deposit:

1. Ore Phase Confirmation: If the drill core is in an "Ore Phase," it indicates that significant mineralization has been encountered. This is a positive sign that the deposit contains valuable minerals.

2. Gold Association with Chalcopyrite: The association of gold with chalcopyrite in the shallow matrix is beneficial because chalcopyrite is a major copper-bearing mineral. The presence of copper and gold together often enhances the economic viability of the deposit.

3. Depth and Mineral Replacement: The fact that gold is found both in the shallow matrix and within deeper clasts indicates a robust and extensive mineralization system. The deeper the gold mineralization extends, the more promising the deposit can be, as it suggests a larger and potentially richer orebody.

4. Ernest Henry Analog: The Ernest Henry deposit is a well-known and economically significant deposit. If the characteristics of your deposit are similar to those of Ernest Henry, it bodes well for its potential. The detailed matrix and alteration characteristics mentioned for Ernest Henry provide a valuable benchmark for comparison.