Cyclone Metals Limited advised that a key tenement, P47/1812, has been acquired, at the 100% owned Nickol River Gold Project, located 10km east of Karratha in the West Pilbara of Western Australia. Acquisition of P47/1812, now creates a contiguous block of tenements in the central Nickol River gold project area, where test pitting has successfully recovered coarse gold. The consolidation increases the targets for a maiden drill program, based on an earlier Cyclone initiated Sub Audio Magnetics (SAM) geophysical survey.

The acquisition of P47/1812 consolidates the central drilling target area that includes contiguous tenements M47/401, M47/421 and M47/577. The consolidated area at Nickol River covers the original GML's (GoldMining Leases) owned by Kerry Harmanis's, Sir Samuel Mines NL, and included in their prospectus, which later was renamed Jubilee Mines NL. The recent pitting program indicated that this central target area represents the first target area for the maiden drill program.

All the test pits were over historically prospected and worked ground, with recovered gold thought to be a small indication of the eluvial gold found over 140 years. The most pleasing aspect of the pit program was the extensive reef structures that were uncovered. Only a few reef systems are visible from the surface and believe that a drilling program utilising information from the SAM survey and the tests pits, can define the primary gold mineralisation.

The proposed drilling program will focus on tenements M47/401, 421, 577 and P47/1812 with the aim of testing the reef system to a depth of a maximum of 100 metre.