Quarterly Activities Report - 31 December 2019

Highlights

455.52m of Diamond drilling completed at ‘Bonanza Zone’, Deokon, targeting beneath the outcrop which returned high grade gold and silver in surface samples. Peak assays include 0.15m at 4.59g/t Gold and 708g/t Silver from 42.35m in DKDD004.
652.53m of Diamond drilling completed at the Beopseongpo Project. This included 343.04m at ‘Hand of Faith’, which completed this initial three-hole program commenced in the September quarter. This was followed by a further two holes for 309.49m at ‘Golden Palm’. Peak assays include 0.96m at 5.7g/t Gold from 36.45m in BPDD006.
Land access obtained for the Neungju Project, with initial drilling planned to test the Yeppeuda Vein in the upcoming half year.
Options investigated to drill the Weolyu Project at depth to demonstrate scale potential of multiple vein zones.
New high-grade outcrop, float and historical mine dump assays from significant reconnaissance field programs. Highlights include 4.75g/t gold from Yeongdong District and 930g/t silver from Seongju District, both from historical mine working dumps
New discovery in South Jeolla District at Daeam Valley, with peak assay of 4.36g/t gold in Float, exhibiting classic high-level Low-Sulphidation epithermal textures similar to SAU’s Neungju Project.
Permit to develop received for the Kochang project, operated by JV company Bluebird Merchant Ventures (BMV).

Please download the Quarterly Activities Report & Appendix 5B via the link below: