Much better results than the previous announcementNothing...

Much better results than the previous announcement

Nothing spectactular but a massive improvement on the low grade / small intercept stuff they hit last time.

"Significant new assay results

SR074 12m @ 3.84 g/t Au
SR081 8m @ 2.37 g/t Au
SR084 20m @ 1.42 g/t Au
SR086 8m @ 1.47 g/t Au and 4m @ 3.10 g/t Au
SR082 16m @ 1.56 g/t Au
SR063 28m @ 0.88 g/t Au
SR059 6m @ 3.42 g/t Au
SR054 2m @ 5.60 g/t Au SR070 2m @ 7.96 g/t Au"

Looks like its breathing a bit of life into the market depths also

Watch out though as its almost certain that management will take advantage of the share price pump post announcement and raise capital

31/12/11 - $3.1m

Less: Expected cash flows for Q1.12 of 1.4m

31/3/11 - $1.7m (expected)

At their current cash burn rate they will be out of cash by the end of Q2.12