pretty crap resultsneed alot more drilling to take place IIG is...

pretty crap results

need alot more drilling to take place IIG is very early stage exploration




Integrated Investment Group Limited
ABN 23 080 939 135
Suite 305, Level 3, 10-12 Clarke St
Crows Nest NSW 2065
Phone: 02 8913 6046
Fax: 02 9929 8591
Email: [email protected]
27th June, 2008
Companies Announcements Office
Australian Securities Exchange
P.O. Box H224
Australia Square NSW 1215
High Grade Gold Mineralised Shoot Discovered at Lionel Diggings Prospect
• High grade gold discovered in first drilling program.
• Potential for moderate to high grade mineralised shoots from the surface to open
pittable depths.
• Infill drilling planned to start within 6 weeks.
IIG is pleased to advise that all analytical results from the first phase of drilling at Lionel Diggings
have been received and interpreted. Seven reverse circulation holes totalling 1073 metres were
drilled as an initial test of a sheeted quartz vein system. Previous surface mapping and rock chip
sampling identified numerous highly anomalous gold values in veins to 28.8g/t gold and on the vein
margins to 73.3g/t gold. Figure 1 shows significant gold in surface rock samples and drill hole
locations. Initial results were announced to the ASX on 2 June 2008.
Drilling has demonstrated that the Lionel Diggings property has the potential to host shoots of
moderate to high grade gold mineralisation within and around the sheeted vein system. In drill hole
08LD004, a previously reported intersection of 2 metres at 11.2g/t gold and 6.3 g/t silver is
interpreted to be part of a mineralised shoot that extends from the gold bearing surface samples
down plunge to the northeast to lower grade mineralisation in drill hole 08LD005 with an
intersection of 2 metres at 2.6 g/t gold (see Figure 2).
Other drill holes returned results ranging from no significant intercepts in the far west and east to
anomalous gold values in drill holes 08LD002, 003 and 006 (see Table 1). The higher grade gold
samples have associated anomalous but sub-economic values of copper and silver.
The initial drilling program was on sections spaced widely between 120 and 180 metres apart. The
dimensions and grades of the mineralised shoots on this property will be evaluated by further closer
spaced drilling. This drilling will test the open pit mining potential for moderate to high grade gold
mineralisation from the widespread gold rich samples at surface down to approximately 50 metres
vertical depth. The objective is to commence the next stage drilling work as described above within
the next 4 to 6 weeks.
Table 1 - Significant Results from Reverse Circulation Drilling May 2008
(samples greater than 1g/t gold)
Drillhole Number From
(m)
To
(m)
Downhole
Intercept (m)
Assays
Au g/t
(uncut)
Assays
Cu
ppm
08LD001 NSI - -
08LD002 88 89 1 1.02 24
08LD003 48 50 2 1.41 6
08LD004 63 66 3 7.7 209
including 63 65 2 11.2 261
08LD005 103 105 2 2.6 161
including 103 104 1 4.36 282
08LD006 144 145 1 1.01 164
08LD007 NSI - -
Footnotes : NSI – No Significant Intercept
Samples are reverse circulation chip samples that were split through a three tier splitter (87.5% - 12.5%). Single
metre samples were submitted directly to ALS laboratories. Composite samples were split further by a table
splitter before being submitted to ALS laboratories. ALS laboratories used a fire assay method for gold analysis
with a detection limit of 0.01g/t Au and ICP for Ag and Cu. Duplicates of all samples are stored on site.
Yours sincerely
Integrated Investment Group Limited
John Smith
Company Secretary
Technical information in this statement relating to Exploration Results is based on information compiled by a Competent Person as
defined in the JORC Code being Dr Angus Collins (BSc(Hons), PhD, FAusIMM, MAIG) who acts as a Consulting Geologist to
Integrated Investment Group Limited. Dr Collins has sufficient experience which is relevant to the style of mineralisation and type of
deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004
Edition of the “Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves.” Dr Collins consents to
the inclusion in this report of the matters based on his information in the form and context in which it appears.
MGA Zone 55 (GDA94)
Figure 1: Lionel Diggings
Drill Plan