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Significant exploration results at Biloela Project


HIGHLIGHTS

  • Reconnaissance rock chip sampling, soil sampling and ASTER mineral mapping completed at Biloela

  • High grade breccia hosted mineralisation identified at Cave Mountain along 1 km Cu-Au soil anomaly with selected results of:

    • 11.4 g/t Au and 1.2% Cu;

    • 9.9 g/t Au and 1.6% Cu; and

    • 0.8 g/t Au and 0.8% Cu.

  • High grade vein hosted mineralisation identified at Old Kroombit along 1.5 km soil anomaly with selected results of:

    • 2.4 g/t Au, 198 g/t Ag and 42.1% Cu;

    • 19.9 g/t Ag and 8.0% Cu;

    • 0.3 g/t Au, 12.9 g/t Ag, 1.2% Cu; and

    • Extensive 4 km ASTER anomaly associated with high grade mineralisation.

  • New epithermal system identified at Karita with encouraging results of:

    • 135 g/t Ag, 0.15 g/t Au and 6.7% Cu;

    • 9.7 g/t Ag and 1.5% Cu;

    • 8.0 g/t Ag, 0.1 g/t Au and 0.7% Cu; and

    • 3.5 km ASTER anomaly correlated with outcropping veins.

  • Regional systematic exploration has been successful with four significant copper-gold prospects defined to date.



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