Ann: Jubilee Reef Project Drilling and Results Up, page-3

re: Ann: Jubilee Reef Project Drilling and Re... Are we reading the same announcement? What were you expecting? They are at the early stages of drilling out a prospect: its always hit and miss whilst the controls on mineralisation are being investigated and understood.. The results today are solid with some good, some forgettable. There were a few higher grade hits but the majority are medium to wide, at low to moderate grade. No surprises there; it's shaping as a medium to large tonnage, low to medium grade deposit...

The interesting news is the abx activity adjacent to the tenement boundary; they wouldn't have been doing all that drilling without either being encouraged by what they saw from ltr or, getting good results themselves. Either of these scenarios is positive for us.

My view is that it's solid progress that is consistent with the stage of explortion that we are at. It's also encouraging that the mineralized area is being expanded, now 800m x 1000m, and more encouraging results are coming in at papandesa.