The readings for this drill are as follows: 8m @ 22.45 g/t Ag 0.27% Cu from 4m, 48m @ 4.09 g/t Au, 15.82 g/t Ag and 0.22% Cu from 38m, including 4m @ 47.6 g/t Au, 90.55 g/t Ag and 0.57% Cu from 60m.

Additional results include 20m @ 0.49 g/t Au, 1.93 g/t Ag and 0.1 Cu from 96m.

The diamond drilling at GDD002 and GDD001 further indicates a large, strongly mineralised porphyry system at the Misima prospect and that the results have helped define a structural corridor in which upper level propylitic or halo alteration and related porphyry mineralisation occurs; this suggests a priority target area for further drilling.

Company CEO Cameron Switzer was delighted by the results and said the company will continue their efforts to find the copper-gold core system.

"This is an important development in our maiden diamond drilling program at Misima and in our efforts to locate the central high-grade core of the porphyry system," he said.

"Hole GDD002 has returned a thick zone of high-grade gold with copper which, together with previous channel sample data has enabled us to define a broad region of upper skarn mineralisation over several hundred metres.

"Skarn mineralisation often forms a very important component of porphyry systems worldwide, hosting high-grade mineralisation which can be mined in the early stages of the operation.

"Importantly, as we start to unravel the depth dimensions of this system we increase our understanding of the target zone and where best to focus our efforts.

"This is a large, robust system which is now delivering significant results in the outer halo regions. This has given us significant confidence in our targeting ability and we remain focused on finding the high-grade, high-value copper-gold core."