Exceptional Tungsten Assays up to 14.75% WO3 at Gorge Creek

Highlights

• Significant high-grade tungsten results of up to 14.75% WO3 recorded in rock chip samples at the Gorge Creek Tungsten Prospect in north-east Tasmania

  High-grade tungsten mineralisation is accompanied by elevated silver (up to 197g/t Ag), gold (up to 0.64g/t Au) and bismuth (up to 0.2% Bi) in rock chip samples – a geochemical signature typical of intrusive-related tungsten mineralisation.

  Soil and rock chip sampling has confirmed a broad, coherent tungsten-bismuth anomaly extending over an area of approximately 400m by 150m, including a high-grade zone of approximately 250m by 60m which is open along strike and has never been drill tested.

  Tungsten mineralisation at Gorge Creek is exposed at surface within sheeted quartz veins containing wolframite and scheelite, together with minor sulphides hosting gold, silver and bismuth.

  Reconnaissance work has identified historical artisanal workings and evidence of small-scale processing facilities worked during the late 1960’s up to the early 1980’s.

  Further investigations planned at the Gorge Creek Tungsten Prospect include trenching, channel sampling and ground geophysical surveys ahead of potential drill testing.

Henty Silver-Lead-Zinc Project

• Drill rig mobilising to site to commence drilling at the historical Silver King and South King silver-lead mines near Zeehan in NW Tasmania.

Mangana Gold Project

• Extended drilling program completed comprising four holes for 691m – assays pending.