Ann: Ongoing High Grade Gold hits at Mallina and Toweranna, page-29

Hi all. 

I don't want to dampen the party because regardless of the next pics, the outlook remains incredibly positive.

This is the original pic from Mallina in the ann 15/6/18 with attention specifically on MLRC214.

Keep in mind that MLRC214 ended in mineralisation so I have been hanging out to see what extension we would find.

This is the update from today where MLRC 214 becomes MLRC214D which confirms these to be the tails we have been waiting for.

Now we can see that the extension is a further 10m but the total intersection grade has dropped slightly so the grade within that last 10m has dropped.

Regardless of how small that extension is, that intersection is mouth watering when you consider how shallow it begins at, ( from 14m to 70m ).

As the ann says, we now need to confirm down dip extensions.

"The hole intersected a felsic porphyry around 20m below the 56m mineralised zone which also shows mineralisation at the hanging wall and footwall contacts, including 8.25m @ 1.05g/t. Significant intercepts and location data for MLRC214D are given in Table 1.Core observations show that the hole has not drilled down the dip of a mineralised zone. Follow-up drilling to test this significant zone of mineralisation will be carried out shortly. A Sub-Audio Magnetic (SAM) ground geophysical survey is also planned, subject to review of a recently completed SAM survey at Mt Berghaus."

Then comes the tails from Toweranna that we have been waiting on.

TDRC085D that reported visible gold at 173m.
Well there it is from 172.33m to 176.3 with a grade of 3.97m at 24.45 g/t including 2.56m at 37.33g/t.

Confirms the saying that visible gold = 1oz/t.

This is all 9 tails we have been waiting on from Toweranna but there is still plenty more potential here and lots more to come from other deposits which could be more surprising. 

"Follow up work.

Toweranna produced a 254% increase in Mineral Resources to 143,900oz in the recent resource update. Resources are still largely confined to the Western and Southern Zones. Follow up RC and diamond drilling programs are being planned targeting extensions to the resource on the Eastern and Northern granite contacts, in addition to depth extensions. This work has the potential to significantly add to existing resources."

I expect news constantly for a while yet. 

Kind regards, Wack.