RC Drilling set to Commence at Cangallo

Permits have been received for Stage 3 RC drilling (+6000m) planned to commence imminently following completion of the diamond drilling program.

Drilling is designed to significantly expand the widespread copper and gold mineralisation defined in the north and importantly locate the centre of the porphyry system where higher copper grades are expected to occur.

Anomalous copper (+0.5%), gold (+1g/t) and molybdenum (+20ppm) in surface samples, combined with extensive sericite alteration and magnetic targets, indicate the centre of the porphyry system is south of current drilling.

Drilling will take 4 to 6 weeks to complete with final assays available ~4 weeks after completion of the program.