Ann: Significant IP anomaly upgrades Ardmore Cu-Au prospectivity, page-2

Significant IP chargeability anomaly upgrades Cu-Au prospectivity at
Ardmore
Highlights
• Induced polarisation (IP) survey identifies significant chargeability zone broadly
coincident with copper-gold mineralised shear zones recently defined by Cooper’s
mapping and rock chip sampling at Ardmore
• Gold assays up to a stunning 14.9g/t Au in new assay results received from twentytwo rock chip samples at Ardmore. Significant copper results up to 23.1% Cu (and
2.2g/t Au) in sample MER151. Several other high grade rock chip assays from samples
taken from the same shear zone include:
• 12.2% Cu & 1.0g/t Au (MER145)
• 5.3% Cu & 0.0g/t Au (MER146)
• 11% Cu & 0.1g/t Au (MER147)
• 23.1% Cu & 2.2g/t Au (MER151)
• 18.9% Cu & 6.5g/t Au (MER152)
• 12.5% Cu & 1.0g/t Au (MER156)
• 22.4% Cu & 1.9g/t Au (MER157)
• 8.4% Cu & 0.1g/t Au (MER158)
• 0.8% Cu & 14.9g/t Au (MER168)
• Surveying of two IP profile lines is in progress at Ardmore south over the higher
chargeability areas to better define drill targets and the depth of the chargeability
anomalies
Managing Director Ian Warland, commented:
“The IP survey had been very encouraging with the chargeability anomaly broadly coincident with
the copper-gold mineralised shear zone defined in the recent rock chip sampling and mapping.
The combination of significant copper-gold in rock chips and IP chargeability anomaly presents a
compelling drill target. The IP crew is completing two profile lines over the highest chargeability
areas and a separate IP survey over a mineralised shear zone in the northern part of EPM19125,
just 10km to the northeast of the southern IP grid. Further IP and rock chip updates will be
available over the next few weeks, along with plans for drill testing.”