Hi FreewayYes it is probably low grade but some encouraging...

Hi Freeway

Yes it is probably low grade but some encouraging comments in the announcement:

"Drilling to date has identified a spatial and timing association between sulphide (particularly chalcopyrite) and magnetite mineralisation (Figure 2). This is viewed as being very positive as the relationship is typical of distal mineralisation assemblages within many IOCG deposits."

"The Company has yet to define the source of the gravity anomaly at TUR and as such drilling is
ongoing. Focus for the drilling is now on TUR13DD004 (Figure 1), which is targeting the largest
gravity response (in amplitude and area) within the project.

The target for TUR13DD004 is a significant anomaly that lies adjacent to (and slightly crosscuts)
the Western Magnetic Feature (Figure 1), which is interpreted to be either magnetite or
pyrrhotite. Drilling of this hole is expected to be completed in early August."