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27 September 2017

Tate River Gold QLD (ZNC earning up to 70%)

The Tate River project contains several gold and gold-silver prospects that are considered to be epithermal or intrusion related gold deposit systems. 

As previously announced to the ASX (21st September 2017) continuous, horizontal channel sampling of 13 trenches dug by excavator has confirmed widespread bedrock gold mineralisation at the Guppy Strike prospect over an area 450m x 300m, with results including 5m @ 3.92g/t Au from mica schist, whilst ferruginous quartz vein zones hosted in amphibolite tested by 3 separate trenches returned: 3m @ 1.72 g/t Au, 3m @ 1.09 g/t Au and 2m @ 0.82g/t Au over a strike length of 150m.  Widespread strongly anomalous gold zones such as in Trench GT12 (entire length averaging 166m @ 0.14g/t Au) in the southwest of the prospect area are associated with a felsic and pegmatite dyke swarm.  Trenching returned 5m @ 3.9g/t Au as well as widespread strongly anomalous gold zones such as 166m @ 0.14g/t Au. 

In addition a soil geochemical survey was completed over the Guppy Strike discovery area in order to assist in determining the extents of the gold mineralised system.  Assay results from the soils program show a 550m long x 400m wide gold-bismuth-tellurium-copper-zinc soil anomaly coincident with the Guppy Strike gold zones.  Additional untested and open ended gold-bismuth+ tellurium-copper soil anomalies occur to the southwest and south east that requires follow-up field assessment.