Eastern Metals Limited announced that assays have now been received from the Company's follow up diamond drilling campaign at Browns Reef with high grade intersections of sulphide mineralisation identified in all two holes
drilled. This has extended the Evergreen Lode approximately 50m to the south with a further two planned holes to be drilled to the north when conditions permit. Browns Reef lies 5km to the west of the town of Lake Cargelligo, approximately 470km west of Sydney. The area surrounding the Browns Reef base-metal deposit is utilised for agricultural purposes, including grazing and cropping. The known deposit at Browns Reef occupies a small part of the tenement. Most of the deeper drilling to date has been confined to a zone approximately 2.7km long in the central to southern part of the tenement and is situated on the eastern flank of the interpreted 9km long synclinal structure. Figure 1 shows the interpreted geology of the Browns Reef project area. This drawing also shows the location of the two high grade zones identified by Eastern Metals for further and more detailed follow-up drilling. The northern-most of these zones, formerly known as the Northern High Grade Zone and now known as the Evergreen Zone, is centred near the historic hole BRD013 drilled by Kidman Resources, which returned an intersection of 7.0m averaging 5.5% Zn, 2.3% Pb, 0.5% Cu, 20.2 g/t Ag and 0.5 g/t Au. This is the area that was tested by the Company's recent drilling program. A long section through the eastern limb of the structure shown in Figure 2. This drawing also shows the location of the two high grade zones identified for further and more detailed follow-up drilling. A more detailed long section of the Evergreen Zone incorporating the results of the recent drilling and the interpreted lode outline is shown in Figure 3. The collar coordinates and other essential details of the two new diamond holes drilled by Eastern Metals to test the Evergreen Zone are tabulated in Appendix 1. The surface projections of these holes and holes drilled earlier by Kidman Resources and another previous tenement holder, Equity 1, in the Evergreen Zone area are shown in Figure 4. Figures 5 and 6 are cross sections spaced at 50m intervals along strike and show each of the new holes drilled by Eastern Metals together with logged sulphide intervals and the interpreted lode and footwall hydrothermal breccia. Two additional holes which were planned to test for extensions of the Evergreen zone to the north as part of the current program have been deferred, and will be drilled after the ground dries out and access conditions permit. The Company has also designed a diamond drilling program to test the other high grade zone shown in Figure 2, the Southern High Grade Zone. This program will be undertaken when all necessary approvals are in place.