AMBODILAFA

A significant cluster of highly elevated gold-in-soil anomalies recently discovered during a programme of regional ridge-and-spur soil sampling for base metals and platinum group elements was reported. Elevated gold-in-soil anomaly cluster over one square kilometre area identified in the eastern section of the central region of the Vohipaha intrusive on Ambodilafa. Anomalous gold values recorded of up to 6.07g/t Au with 0.045g/t 2E (platinum palladium).

Reported that borehole ALF008 has intersected nickel-copper sulphide mineralization on the Ambodilafa prospect at 101 metres with higher grade intersections assaying 0.45% nickel (Ni) and 0.16% copper (Cu) over an intersected width of 13.9 metres from 243 metres down-hole, which includes 8.0 metres assaying 0.57% Ni and 0.20% Cu. Further significant sulphide mineralization was intersected at 260.6 metres downhole, which included 3.8 metres assaying 0.67% Ni and 0.25% Cu.

Released assay results for the first drill strike within the Amodilafa intrusion of a primary mineralised platinum group element (PGE) layer. Highlights include borehole ALF004 intersected a 0.89m (apparent width) layer assaying 3.99g/t platinum, palladium, rhodium and gold (4E) at 200m below surface. The borehole also intersected a mineralised gold layer over 1.0m (apparent thickness) at 1.59g/t at 325m down hole