April 10, 2017

A substantial exploration program has been implemented to build on the existing resources and reserves inventory, testing underground ore positions at the Tomingley Gold Mine (TGO) and at near mine and regional exploration targets, and also revisiting underground ore potential at Peak Hill.

Extensive regional air core drilling commenced in February.

Encouraging gold intercepts were recorded in the initial air core holes south of Tomingley:

  • EPAC032 6 metres grading 1.36g/t Au from 66 metres (base of alluvium);
  • EPAC031 7 metres grading 1.06g/t Au from 103 metres to bottom of hole;
  • EPAC033 6 metres grading 1.13g/t Au from 87 metres;
  • EPAC036 3 metres grading 1.92g/t Au from 57 metres; and 6 metres grading 1.16g/t Au from 75 metres

Mine stratigraphy and mineralisation style identified five kilometres south of Tomingley Gold Mine.

The results are very similar in tenor to early exploration aircore drilling that lead to the discovery of the Wyoming deposits now being mined at TGO.

Drilling is very broadly spaced and drilled to base of oxidation only.

Mineralisation identified over an open strike length of 1,200 metres.

Large strike length remains untested.

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