A few observations...Firstly, the "planned" drilling has been...

A few observations...

Firstly, the "planned" drilling has been increased from 20 to 24 holes.

I assume the one announced today (K001) is one of four wildcats to be drilled?

The Drilling plan previously nominated the labels CAT001-CAT020 for the planned JORC drilling schedule...I suggest K001-K004 will be the wildcats.

According to the Company, K001 was drilled to test continuation down dip, beneath Adit No 2. My records suggest this appears to be on the drill line (or close to), which includes previously planned holed CAT005 and Cat006.

We are lucky to have been provided a cross section of this line previously (below)



Using the drill specs (dip 45 degrees) and fact minerlaisation was hit at 30m downhole and ended at 50m downhole, we can both place the K001 in section and determine the position of continued mineralisation at depth.

Interestingly, whilst downhole depth is just 30m-50m for the zone in question, due to the nature of the lie of the land, the zone hit in today's announcement appears to confirm mineralisation at this location actually continues to at least 50m from surface.

The next step-back hole CAT005, which is planned to go down to 150m in order to test the entire width of mineralisation across the all the target zones (including today's), should extend today's announced mineralised zone to at least 70m from surface.

This is already shaping up to be a significant target zone and we have only drilled on hole...and it was not even one of the main JORC program holes.

Cheers!