resource upgrade

they have delineated 1km of continuous strike, with over 4km strike identified. the resource is only calculated on 400m with holes in the model.

the makings of a great project here, with direct exposure to gold, and an initial resource.

the next holes will be interesting...


HIGHLIGHTS

• Drilling designed to upgrade resource.
• Results continue to confirm extension to North Vein Gold mineralisation.
• Significant Central Vein intercepts.
• Mineralisation remains open along strike and at depth.
• 23 drill holes completed, gold assays received for 12 holes which all include significant intersections.
• Drill results include:

Breznik:-
o BC757 1.7m @ 16.0 g/t Au from 7.0m Central Vein
o BC761 3.0m @ 2.47 g/t Au from 95.3m North Vein
o BC762 1.1m @ 16.3 g/t Au from 70.1m Central Vein
1.0m @ 6.0 g/t Au from 148.2m North Vein
o BC765 2.0m @ 10.4 g/t Au from 85.5m Central Vein
1.1m @ 7.6 g/t Au from 140.8m North Vein

“The North Vein our main target continues to perform with excellent results.

These high-grade intercepts in the Central Vein, near surface and at depth, combined with the previous South Vein intersects, will contribute significantly to the overall resource model. Follow up drilling will evaluate further.

The known continuous mineralised strike of the North vein is 800 metres. Hole BC761 intercepted the North Vein 100 metres along strike to the west of the current resource model and at depth, indicating the vein remains open along strike and down dip.

We are awaiting assays from four additional holes drilled a further 100 metres along strike to the west.”

Managing Director Noel Taylor.