more high grade results at hob, inc..., page-3

HIGHLIGHTS INCLUDE:-

MAIN LODE

Best intercept to date from Main Lode in hole HRC011 as follows:-

HRC011 6m @ 3.2% Cu, 94 g/t Ag, 4.28 % Pb, 15.5% Zn, 0.29 g/t Au from 95m (6m @ 9.5% Cu equivalent* from 95m)

Best oxide intercept to date on Main Lode as follows

HRC001 6m @ 3.7% Cu,121 g/t Ag, 1.47% Pb,0.77 %Zn, 1.01 g/t Au from 10m (6m @ 6.4% Cu equivalent* from 10m) further sampling required

SOUTHERN LENSE

Significant mineralization in both the oxide and fresh zone from only three shallow drillholes 150m apart which adds further potential for a pittable resource at HOB

Southern lense remains open along strike in all directions and down plunge

Results for initial three RC holes as follows;

HRC024 7m @ 1.78% Cu, 29.3 g/t Ag from 18m ( oxide)
(7m @ 2.15% Cu equivalent* from 18m)
and 17m @ 0.25% Cu (oxide) from 25m
and 12m @ 0.38% Zn (oxide) from 33m
and 10m @ 43.8 g/t Ag (oxide) from 19m

HRC0025 1m @ 3.2% Cu from 24m
and 1m @ 0.35% Cu, 0.16% Pb, 0.14% Zn, 18 g/t from 89m
and 4m @ 0.47% Cu, 0.24% Zn from 45m (no sampling either side of zone)

HRC022 2m @ 0.95% Cu, 50.5 g/t Ag, 1.8% Pb, 1.45% Zn from 74m
(2m @ 2.4% Cu equivalent* from 74m)
Inc. 1m @ 1.34%Cu,74 g/t Ag, 2.95%Pb, 1.97% Zn from 75m

Additional diamond drill holes now planned for program commencing next week

Detailed airborne magnetic survey (UTS Geophysics) commencing next week to define further drill targets along strike on both Southern and Main Lodes

Announcement:

http://asx.com.au/asxpdf/20120824/pdf/42877t9cs16c27.pdf