Ann: Gravity Data Reprocessing Highlights Significant Anomalies, page-9

Let’s first identify the negative about this press release. As it is totally quiet on drill results, it is safe to assume these have been negative. No assay results for one single hole, is pretty negative to me.

What I also do not particularly like about ADT management is not reporting results of surveys that were obviously not successful. They have been making lots of references to IP surveys, but never to gravity surveys.

Gravity surveys are expensive and difficult, but much better suited to finding the type of mineralisation than IP. Electro-magnetic responses can be caused by many factors leading to ambiguous results. However gravity simply measures the strength of the gravity at a particular point. This is only determined by two factors: altitude and density of the rock below the measuring point. To get an accurate measurement of the rock density it is therefore important to account for altitude. According to the press release their GPS measurements were obviously not up to scratch and when replaced by LIDAR (using a laser in a flying object), the new interpretation clearly showed good anomalies, which coincide with mineralisation proven through drilling.

The above is really positive news as future drilling will be much better directed. Previous drilling at Jurasevac-Brestic was negative and the gravity survey now shows drilling to have been too far west. They will surely site some holes further east.