great buying at $0.14......7 September 2004ASX RELEASEHIGH GRADE...

great buying at $0.14......



7 September 2004
ASX RELEASE
HIGH GRADE INTERCEPTS AT GOLDEN CROWN PROJECT
Summary
Assaying of 4 metre composite RC drill samples has returned high gold grades; including
4m @ 284.21 g/t from 12.0m (GCP017),
4m @ 3.13 g/t from 84.0m and 4m @ 16.32g/t from 96.0m (GCP012),
4m @ 6.01 g/t from 20m and 4m @ 4.62 g/t from 48.0m (GCP013),
4m @ 3.15 g/t from 36.0m (GCP006).
A 1,795 metre RC drilling programme tested numerous structural gold targets at the Golden Crown,
Faugh-a-Ballagh and Titan prospects, from the Golden Crown Project located 20 km east of Halls
Creek in the East Kimberley region of Western Australia.
Significant gold results (>0.4 g/t) are summarised in Table 1.
RC drilling at the Golden Crown and Faugh-a-Ballagh historical gold workings provided a systematic
test of the continuity of significant high grade gold mineralised veins intersected in the previous
drilling. Significant assay results include 4m @ 284.21 g/t from 12.0m (GCP017), 4m @ 16.32 g/t
from 96.0m (GCP012), 4m @ 3.13 g/t from 84.0m (GCP012), 4m @ 6.01 g/t from 20m (GCP013) and
4m @ 4.62 g/t from 48.0m (GCP013) and 4m @ 3.15 g/t from 36.0m (GCP006).
These results are in line with the recently reported intersections from diamond drill holes in the same
areas which included 0.8m @ 521 g/t Au from 23.0m (GCD010), 0.4m @ 47.24 g/t Au from 126.6m
(GCD011), and 1m @ 19.06 g/t Au from 29.0m (GCD005).
At the Titan prospect, 3km west of the Golden Crown workings, drilling tested the recently identified
350m long by 120m wide north-south trending zone of gold anomalous soils (>100 ppb). This zone
also contains a 150m by 40m area of >500 ppb gold, which returned peak gold in soil values of 2.3 g/t,
1.92 g/t and 1.48 g/t. Assay results from the RC drilling returned a number of significant results
including 4m @ 0.84 g/t from 28.0m (GCP020) and 4m @ 0.72 g/t from 64.0m (GCP025).
Anomalous intervals identified from these assay results will be further analysed using the retained 1
metre samples. Results from this work are anticipated to be available at the end of September.
Data compilation and interpretation is continuing and will be finalised after evaluating results of the 1
metre samples.
Charles Wilkinson
Managing Director

96 Parry Street
PERTH WA 6000
PO Box 8178
PERTH BUSINESS CENTRE WA 6849
Ph: (08) 9328 9292 Fax: (08) 9227 6011
Email: [email protected], Web: www.nsrltd.com