Level 2, 45 Richardson Street PO Box 568West Perth WA 6005 West...

Level 2, 45 Richardson Street PO Box 568
West Perth WA 6005 West Perth WA 6872
Tel: +61 8 9481 2433 Fax: +61 8 9322 5907 Website: www.halcyongroup.com.au
Thursday 21 December 2006
Ref: 606/127
Company Announcements Office
Australian Stock Exchange Limited
Level 4 Exchange Centre
20 Bridge Street
Sydney NSW 2000
DRILLING RESULTS POINT TO POTENTIAL NEW COPPER ZONES AT MOUNT PLEASANT
The Directors of Halcyon Group Ltd (ASX: HCY) are pleased to announce that the Company has
intersected Copper values of up to 3.61% Copper (“Cu”) from drilling at the Old Mount Pleasant Copper
Mine with supporting surface stockpile samples assaying up to 5.32% Cu. At a new fourth drill target
area located a further 500m to the north-west up to 0.38% Cu was intersected near surface.
These are strong indicators that a new copper zone adding scale to the project maybe close to discovery.
Success in this area combined with that already delineated deposit at the New Mount Pleasant Mineralised
Zone could provide sufficient tonnes of Cu metal available to develop a first stage mining and milling
operation at the Mount Pleasant Project.
The outcomes of the last round of exploration drilling are as follows:
1. Old Mount Pleasant Copper Mine (84.3 tonnes @ 7.6% Copper was mined in 1960-62)- 6 holes
where drilled in this campaign, surface stockpiles were sampled and 2 old gold targeted drill holes where
re-sampled, the highlights being:
�� 1m @ 3.61%Cu, 8.6g/t Silver (Ag), 1.46g/t Gold (Au) & 0.04% Cobalt (Co) within 2m @
2.56%Cu, 4.7g/t Ag, 0.79g/t Au & 0.03% Co from 23 metres in HMPC061.
�� Surface Stockpiles returned a best result of 5.32%Cu, 7.4g/t Ag & 0.23g/t Au, 0.08% Co &
0.21% Zinc (Zn).
�� 1m @ 0.84%Cu, 7.4g/t Ag & 0.14g/t Au from 35 metres (resample of previous gold drillhole).
Further drilling is required to delineate the high grade trend associated with the previous mining.
2. North-west of the Old Mount Pleasant Copper Mine – a new drill target area based on a Cu soil
anomaly 500 metres away was tested by a total of 3 holes in this campaign, the highlight being:
�� 1m @ 0.38%Cu & 3.4g/t Ag within 8m @ 0.24%Cu & 1.0g/t Ag from 16 metres in HMPC058.
Further drilling is required to intersect higher grades at depth or along strike.