emerges as a potentially large gold system

Drilling at Mt Jewell Confirms Second
Significant Zone of Gold Mineralisation
First Seven RC Holes Drilled at Hughes Prospect All Intersect Significant Mineralisation

The Mt Jewell Project has all the hallmarks of an emerging gold camp with the potential to produce
multiple zones of mineralisation, said Pioneer Managing Director, David Crook. The Hughes and
Tregurtha Prospects are continuing to develop, and are the most likely targets for definition of initial
JORC compliant resources later this year.
We are also about to re-activate exploration of the exciting Golden Cities North area, which lies immediately north of the million ounce Golden Cities and Federal deposits" Mr. Crook said.