Positive for share priceFY 21: Exploration drive from the...

Positive for share price

FY 21: Exploration drive from the Wyoming one deposit to Rosewell

From ASX anouncement - 13.December 2010

Myall United
The historic Myall United Mine is located 800 metres south of Wyoming One (Figure 3) and was subject to extensive underground mining from 1890 through to 1914 with the production of about 70,000 ounces of gold from workings to 200 metres vertical depth. The mineralisation is located within the same sequence as the Wyoming One deposit and has been partially tested in the near surface but not at depth below the existing workings. If continuity of this mineralisation was confirmed it could be possible to link this area to the Wyoming One underground operation.

McLeans
McLeans prospect is located south of the Myalls United Mine and is associated with a similar rock sequence (Figure 3). Limited RC and core drilling has located mineralisation below shallow cover.

Results include: MCD 001 5.35m @ 2.02g/t gold from 124m ending in a mine stope
MCP 038 4.0m @ 3.68g/t gold from 83m

McLeans South
Scout drilling south of McLeans intersected mineralisation below transported overburden up to 40 metres thick. Drill intercepts are:
MCP 059 3m @ 1.83g/t gold from 85m
MCP 061 5m @ 1.75g/t gold from 106m

Gool luck!