announcement out- rio verde deep drilling

The Company is pleased to confirm the existence of primary copper systems
underlying the Antas South and the Antas North Deposits1. Results also
indicate the tenor of mineralisation is comparable to large IOCG deposits,
typical of the Carajas region. Delineation of a possible connection (at depth)
between Antas North and Antas South is being investigated as a priority.
?? Four deep drill holes have been completed at Antas South. Assays for
hole ARVD-146 collared 300m northwest of the HGZ confirm a
significant primary zone of underlying copper sulphide, results are:
?h 31.00m at 1.40% Copper, 0.10g/t Gold from 171.00m
Incl. 6.15m at 2.54% Cu and 0.17g/t Au from 175.00m
Incl. 12.20m at 1.89% Cu and 0.13g/t Au from 189.80m
Incl. 2.20m at 5.47% Cu and 0.16g/t Au from 189.80m
?? Two other deep holes at Antas South intersected significant zones of
oxide copper mineralisation, including ARVD-139 which also
intersected multiple narrow high grade sulphide lens??s, returning:
?h 42.15m at 0.96% Copper from 2.00m
Incl. 17.15m at 1.80% Cu from 27.00m
Incl. 1.15m at 9.00% Cu and 1.12g/t Au from 43.00m
And 0.85m at 10.60% Cu and 1.39g/t Au from 114.85m
And 6.50m at 3.87% Cu and 0.96g/t Au from 143.00m
And 3.60m at 5.97% Cu and 0.81g/t Au from 156.15m
?? Primary sulphide mineralisation has also been confirmed at Antas
North (800m from Antas South) where eight diamond drill holes have
been completed. Available results include:
?h 47.95m at 1.71% Copper, 0.24g/t Gold from 79.60m (AAND-12)
Incl. 8.00m at 2.95% Cu, 0.29g/t Au from 88.00m
Incl. 8.00m at 2.49% Cu, 0.68g/t Au from 114.00m
?h 36.00m at 1.39% Copper, 0.27g/t Gold from 52.00m (AAND-13)
Incl. 5.00m at 3.09% Cu, 0.39g/t Au from 68.00m
And 7.60m at 0.84% Cu, from 98.40m
And 23.15m at 0.69% Cu from 1.50m2
?? Significant intersects have been made along strike at Antas North and
it remains open along strike in both directions. High concentrations of
chalcopyrite in AAND-14, AAND-15 and AAND-19 have been
recorded, and favourable results are anticipated.
?? Drilling at Antas North continues down plunge and along strike to the
southwest where mineralisation is interpreted to intersect Antas South.
The interpreted intersection of these trends is supported by the
presence of an untested EM (Electromagnetic) anomaly. Follow-up
deep drilling at Antas South is expected to resume within the week.