Man these results below are something.
Only Time People, Only Time.
Bollinger bands have tightened.
just a matter of time.
very soon, IMHO for s/p explosion
HIGHLIGHTS of 06 Dec Qrtly
MANDILLA MINE
• Mining of high grade palaeochannel mineralisation continued at Mandilla with 20,000 tonnes of ore
scheduled for processing in February 2007.
• Drilling at East Mandilla extends lodes in the granite basement beneath the palaeochannel
mineralisation and returns intersections of 6m @ 6.96g/t Au, 5m @ 7.73g/t Au and 3m @
20.6g/t Au
• First gold production from Mandilla has exceeded expectations with 4,755 oz gold produced.
Actual gold production was 51% higher than predicted from the Reserve Model.
KOONGIE PRE-DEVELOPMENT PROJECT
• Metallurgical test holes at the Sandiego Deposit return intersections of:
41.6m @ 10.89% Zn
6.2m @ 2.14% Cu, 462g/t Ag
29m @ 0.6% Cu, 621ppm Co
• Initial metallurgical test holes at the Onedin Deposit return intersections of:
10.9m @ 3.4%Cu, 1.15g/t Au
42m @ 15.68%Zn
13m @ 1.93%Cu, 13.46%Zn
40.1m @ 1.31%Cu, 4.89%Zn
18m @ 5.57%Zn
• Initial metallurgical test holes at the Sandiego Deposit return intersections of:
20m @ 5.3%Zn
9.3m @ 1.26%Cu, 1.3%Zn
16m @ 3.3%Cu
The copper mineralisation is accompanied by elevated cobalt values representing a potentially
valuable co-product.
• New Mineral Resource Estimates advised:
• Sandiego Deposit 2.4 Mt @ 5.3% Zn, 1.3% Cu, 0.5% Pb, 26.2g/t Ag
• Onedin Deposit 2.3 Mt @ 4.9% Zn, 1.1% Cu, 1.0% Pb, 32.8g/t Ag
• Total Indicated Resources 4.65 Mt @ 5.2% Zn, 1.2% Cu, 0.8% Pb, 29.6 g/t Ag
• Pre-Feasibility Study advanced.
CORPORATE
• Exploration expenditure totalled $694,155.
• $A3.69 million was banked in October 2006 from Gold Sales relating to the mining activities in
the September Quarter.
• $A375,000 was banked in October 2006 from the conversion of 7,500,000 options at 5c a share.
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