high grade strike extends silver hill, page-2

ASX RELEASE
25 June 2008
High Grade Strikes Extend Silver Hill
„h Diamond drillhole HC08RCD391, located at the northern edge of the Silver Hill deposit, has intersected a 20 metre zone assaying at 8.49 g/t gold, 94 g/t silver, and
2.3% copper, substantially increasing the depth extent of high grade mineralisation.
The zone is equivalent to 15 g/t gold at current prices, and included a high grade zone of 5 metres at 26.1 g/t gold, 192 g/t silver, and 5.34% copper.
„h Diamond drillholes HC08RCD393 and 394 intersected, respectively, 16 metres at 291 g/t silver and 10 metres at 1.69 g/t gold and 474 g/t silver, to substantially extend high grade mineralisation south of the previous high grade silver mineralisation intersected at Area 39.
„h Exploration review by specialist consultant, Dr Roger Taylor confirms potential for more mineralisation.
„h Bacterial leach testwork commences in parallel with current Albion metallurgical testwork to examine optimal recoveries and lowest capex.
„h Exploration RC drilling is continuing westwards along the line of lode, west from Area 39.