QUARTERLY ACTIVITIES REPORT
FOR THE PERIOD ENDED 31 MARCH 2019
Key Points
- Twelve-hole diamond drill program completed at the Altair zinc-copper Prospect. Better drill intercepts include:
- 26.1m @ 1.93% Zn and 0.25% Cu from 244.0m and 43.5m @ 2.96% Zn and 0.50% Cu from 274.2m in ALDD012
- 78.0m @ 1.90% Zn and 0.32% Cu from 288.0m in ALDD014, including
- 14.0m @ 2.34% Zn and 0.51% Cu from 342.0m
- 35.6m @ 2.44% Zn and 0.43% Cu from 120.0m in ALDD016, including
- 19.0m @ 3.42% Zn and 0.54% Cu from 129.0m
- 36.0m @ 2.58% Zn and 0.41% Cu from 344.0m in ALDD017, including
- 21.0m @ 3.10% Zn and 0.55% Cu from 358.0m
- 62.6m @ 2.45% Zn and 0.42% Cu from 262.0m in ALDD019, including
- 19.0m @ 3.09% Zn and 0.53% Cu from 297.0m
- Metallurgical test-work to be undertaken on Altair drill core
- Six-hole follow-up drill program completed on the high-grade Butcherbird Shear / Premium Lode gold system at Swan. Better drill intercepts include:
- 3.8m @ 13.73g/t Au from 114.0m and 6.9m @ 6.70g/t Au from 121.8m and 2.0m @ 9.42g/t Au from 254.5m in SBDD083
- 1.0m @ 5.87g/t Au from 239.4m and 3.3m @ 3.23g/t Au from 251.3m in SBDD084, and
- 6.0m @ 4.92g/t Au from 156.0m in SBDD086
- New Mineral Resource modelling and evaluation studies have commenced on mining the Swan deposit
- Cash of $2.7 million at 31 March 2019
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