Results to date, particularly in the Leicester gold zone, continue to return better results than
estimated by the 2015 resource estimate model. Importantly, gold continues to be intersected
from the surface to 150m depth (Figure 1, Figure 2, Figure 3 and Figure 4). All intersections fall
within the economic limits of an open cut operation. Of the 131 holes with assays returned, 101
holes returned better results, 21 holes returned similar results, and 9 holes were worse than
predicted by the geological model estimate.
The holes to the south of the Wanjalonar gold zone intersect significant deeper gold
mineralisation like the high grade near surface gold mineralisation further north, with these
intersections suggesting the Wanjalonar gold zone may join up with the Merino gold zone at
depth.
EXU Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held