The Company had already indicated in their drilling update dated...

The Company had already indicated in their drilling update dated 8 December 2020 that Jamieson hole DD023 had not intersected the porphyry source while searching for the M2 target, but highlighted that the alteration was consistent with geology that usually surrounds such a porphyry target ie. halo. This is significant in itself and implies that the target is there they just need to do more drilling to find its exact location.

Geophysics is not an exact science which is why we always need to confirm by drilling. The results from this hole will be used in the model to locate the porphyry target with increased probability in the follow-up program.

As for the down plunge extension DD024 it appears this has confirmed that the ore body plunges to the south - again this is the purpose of a methodical exploration drill program - -to determine the orientation of the targets and confirm with follow up drilling.

All in all no surprises here - and just confirms they are in the right area and with additional drilling will reveal the porphyry source of the gold.