Ann: Initial Jericho Drilling Results, page-2

Resource extension drilling at J1 Lode is also progressing strongly with 9 holes complete comprising 3 holes within Jumbuck shoot and 6 holes within Matilda shoot (Figure 4). Copper sulphide was intersected in all holes at the predicted lode position confirming mineralisation extends below the base of the current resource within both shoots. Extension drilling on Jumbuck has extended mineralisation down plunge 100-150m along 200m of strike and remains open. Drilling on Matilda has extended mineralisation down plunge for around 100m along 750m of strike which also remains open. Assays are not yet available for any of the completed diamond holes, however visual inspection of drill core indicates significant copper sulphide mineralisation is developed over intervals ranging 7-21m, which is similar to previous holes. Examples of visibly strong copper mineralisation from the Jumbuck Shoot (JE22D007) and Matilda Shoot (JE22D024) are shown below in Figures 7 and 8

Assay data for individual batches will be received progressively over the coming weeks with lab turn-around times for the first two batches, as reported here, taking 7-8 weeks.
Visual observation of drill chips and core for holes with assays outstanding are pleasing and consistent with expectations, with intercept width and copper sulphide content variability, as expected. Outlook The abundance of chalcopyrite, the copper sulphide mineral within a pyrrhotite matrix, demonstrates the robust mineralisation setting of the Jericho lodes, particularly the Matilda and Jumbuck shots within the J1 Lode. This initial sample set of infill holes provides firm encouragement that Demetallica’s first objective - upgrade resource model internal continuity in order to reclassify a portion of the MRE as JORC Indicated category – is technically feasible. Ongoing sample results will build towards that goal. Further, extension diamond drilling is also encouraging with all 9 holes completed to date demonstrating that mineralisation extends below the base of the current resource. This supports Demetallica’s second objective of growing the resource will be achievable . Demetallica anticipates the next update announcement may be made on or around 12 July 2022

I like the way this is shaping up !