DANIELLE VEIN DELIVERS SPECTACULAR ASSAY RESULTS/ WOOLGAR GOLD PROJECT QLD Multiple high grade assays grading up to 1953.2 g/t gold (62.8 oz / tonne) have now been received from the surface rock chip sampling recently completed over the Danielle Vein at the Company's Woolgar Gold Project.
Five samples taken over a strike length of 88 metres gave the following results:
Sample no: Assay g/t gold Distance along strike RB406840 0.57g/t Start of vein RB 406841 1953.2 g/t 29m RB 406842 0.67 g/t 46m RB 406843 1543 g/t 71m RB 406844 34.2 g/t 88m The material sampled includes both sub-crop and epithermal vein float material exposed over widths of 0.5 to 1 metre. The vein occurs in an untested area some 150 metres south of the Lost World prospect where the company has established a bulk mining resource of some 254,475 oz of gold.
The company regards this new result to be highly significant, having the potential to deliver significant ounces of gold at high grades to the project. The vein is a high priority drill target. Strategic Minerals Corporation 18/12/03 ASX Announcement p2 Assays from the Michelle Vein also gave encouraging values. All twenty three samples taken over the 500 metre strike length of the vein are gold anomalous, seven samples returning vales greater than 1g/t gold with a maximum value of 5.35 g/t gold. This vein is also a high priority drill target for the company.
Assays results for the Barrick drilling are still awaited.
Yours sincerely
W.A.C. Martin Managing Director
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