Boom4 Apr 2016 10:40
· SIGNIFICANT GOLD DISCOVERY: Follow up drilling on the BAM East Gold Prospect, reported March 14 2016, has established the presence of a significant gold discovery. The gold mineralisation remains open along strike to the east and west and down dip.
· IMPROVING WITH DEPTH: Drill hole 0416-519 intersected a wide gold mineralised zone of 40.75m at 1.82 grams/tonne (g/t) gold with two high grade intersections of 2.25m at 10.28g/t and 3.00m at 5.74g/t indicating that the mineralisation could be coalescing with depth.
· NEAR SURFACE: The +30 metres wide gold mineralisation, close to surface, has potential for the initial development to be progressed as a low cost, bulk tonnage, open pit operation.