Short Term Trading Week Starting: 23 Jul, page-49

CLZ

24 July

RC DRILLING DELIVERS OUTSTANDING HIGH-GRADE GOLD INTERCEPTS AT FORRESTANIA GOLD PROJECT, WA

Highlights:
• Kat Gap returns significant high-grade gold intercepts from 11 of the 12 holes drilled. Best results from most recent assays include:
• 8m @ 19.05 g/t Au from 32m including 4m @ 28.80 g/t Au from 32m
• 12m @ 7.52 g/t Au from 39m including 2m @ 20.20 g/t Au from 48m
• 12m @ 5.39 g/t Au from 30m including 1m @ 20.80 g/t Au from 30m
• 3m @ 10.70 g/t Au from 69m including 1m @ 23.10 g/t Au from 69m
• 2m @ 15.39 g/t Au from 70m
• 4m @ 9.53 g/t Au from 70m including 1m @ 26.60 g/t Au from 72 m
• 8m @ 7.14 g/t Au from 82m including 1m @ 21.10 g/t Au from 82m

• RC drilling at Kat Gap conducted over 140m of strike. System remains open along strike and down dip

• New gold zone identified 30m west of main Kat Gap mineralisation hosted within granite and totally missed by previous drilling. Results include:
• 8m @ 7.14 g/t Au from 82m including 1m @ 21.10 g/t Au from 82m
• 4m @ 7.44 g/t Au from 92m
• 3m @ 10.70 g/t Au from 69m including 1m @ 23.10 g/t Au from 69m

• Drilling at Lady Magdalene uncovers three potential cross-cutting quartz veins similar in orientation to the high-grade Lady Ada deposit. Better assays from the new quartz veins include:
• 1m @ 13.40 g/t Au from 64m
• 1m @ 9.36 g/t Au from 44m
• 4m @ 3.90 g/t Au from 46m

• Lady Magdalene main ore zone yields further thick zones of gold mineralisation. Results include:
• 10m @ 2.10 g/t Au from 43m
• 11m @ 2.39 g/t Au from 38m
• 10m @ 1.51 g/t Au from 65m
• 12m @ 2.12 g/t Au from 55m
• 15m @ 1.41 g/t Au from 36m
• Composite sampling of historic RC holes at Kat Gap returned 2,260ppm Li2O in LCT-type pegmatites