todays announcement was not the only on that showed significant...

todays announcement was not the only on that showed significant grades----5 days ago they said

"NEW, SHALLOW, HIGH-GRADE DISCOVERY AT MALBEC NORTH
Significant gold intersections have been returned from follow-up RAB drilling at the Malbec
North prospect (refer Figure 1) located 900m west of the Chariot gold mine. The best
intersection was:
• 9m at 73 g/t gold from 21m in drill hole MARB181.
The Company’s Chief Executive Officer and Managing Director Mr Joe Ariti said, “this
discovery is potentially very significant given it is completely open at depth, and so close to our
existing mining operations. Our early success at both Malbec North and Black Snake supports
the adoption of close-spaced, lower cost, highly productive RAB drilling to test for ironstones
located under cover or that have been previously identified but poorly explored”.
The Company announced on 17 January 2005 that assay results from its pre-Christmas RAB
drilling program were now being received and collated and that shallow, high-grade
intersections had been returned from drilling at Black Snake (refer Figure 1) which included;
• 14m at 60 g/t gold from 15m in drill hole BSRB032; and
• 11m at 21 g/t gold from 21m in drill hole BSRB027.
Assay results from the pre-Christmas RAB program have now been received for Malbec North.
Drill holes containing values greater than 1 g/t gold at Malbec North indicate a strike length of
50m and the mineralisation is open at depth. Follow-up RC drilling has commenced to test
down-dip of these results. Additional RAB drilling is also scheduled to commence within the
next week to more fully define the east and west strike limits of shallow gold anomalism in the
sheared ironstone at Malbec North.
The Malbec North prospect is located 150m east of the recently completed high-grade, Malbec
West open pit and 900m west of the operating Chariot gold mine. The Malbec North results
(refer Table 1) are from follow-up RAB drilling designed to test down-dip of shallow gold
anomalies (greater than 100ppb gold) defined by reconnaissance RAB drilling in October 2004.
The Malbec North follow-up program consisted of 5 holes for 249m and was drilled on 20m
cross sections.
Mineralisation at Malbec North occurs in weathered, sheared ironstone and adjoining sheared
sedimentary rocks. The shear zone strikes east-west and dips steeply north. The Malbec North
ironstone lies along strike from the Malbec West ironstone, and 40m north of the main Malbec
ironstone.