November 25, 2009 Mt Isa Metals provided an update on the initial two hole diamond drilling program at the Gregory Project where the company is exploring for iron oxide copper gold (IOCG) deposits. Phase 1 drilling program comprising two diamond drill holes completed were AUGDD 01 completed at 812m (basement ~515m) and NEUDD 01 completed at 947m (basement 591m). Assay results received for AUGDD 01 include low order anomalous Cu values over a 28m interval from 623m (peak value 0.2% Cu) and NEUDD 01 intersects wide interval of iron oxide and sulphide altered calc silicate rocks (predominantly magnetite and pyrite) – assays awaited.
October 9, 2009 Mt Isa Metals announced that drilling has commenced on the Company’s 100%‐owned Gregory IOCG project located 240 km north of Mt Isa, Australia.
December 31, 2008 Two residual gravity anomalies (potential IOCG targets) identified from the regional geophysical survey
