Peako Limited reported the results from the `scout' RC drill program at its East Kimberley Project completed in September 2021. A total of 30 holes for 1,249 metres were completed across six prospects, supported by an Exploration Incentive Scheme drilling grant from the Western Australian Government. The program was designed to leverage the opportunity presented by the multi-purpose nature of the rig secured for the aircore program completed in the first part of the 2021 field season. The rig was reconfigured for shallow RC drilling to expedite early-stage drill testing of `hard rock' targets developed from a combination of geological mapping, rock chip assays and Peako's library of historical drill and geochemistry data. While predominantly aimed at testing gold-bearing vein systems, all targets were affiliated with polymetallic sulphide halo zones with potential for copper, lead, silver and zinc. Unfortunately, at a number of prospects, highly fractured ground conditions and excessive water hindered the program resulting in a number of targets not being tested due to rig limitations. Eight reverse circulation (RC) drill holes, totaling 449m, were drilled at the Landrigan Prospect to test the near surface continuation of gold and base metal mineralisation intersected in previous Peako and historic BHP drilling (Figure 2). This zone was an attractive drill target because it was located in a fold hinge with coincident surface geochemistry. The Landrigan Prospect was originally identified by BHP as a base metal prospect with Peako recognising the prospect's gold potential from results of its 2019 RC drill program. That program intersected Cu-Au mineralisation with results that included 15m @ 1.04% Cu from 184m in LRC011 and 7m @ 1.1 g/t Au from 133m in PLRC001. The intercepts from drillhole PRC0030 extend known mineralisation at Landrigan to the north- east by 80m, resulting in a total mineralised strike length of approximately 300m. The mineralisation intersected in hole PRC0030 includes a gold rich central zone with a polymetallic envelope of Ag-Pb-Cu, with the mineralised trend open to the north-east Limited reverse circulation (RC) drilling at the Eastman Prospect aimed to test the interpreted near surface continuation of gold and base metal mineralisation intercepted in historical drilling where mineralisation occurred within shear-hosted veins in Koongie Park Formation host rocks. Whilst the Pb-Zn-Cu anomalism confirm that mineralisation at Eastman potentially extends near-surface, no significant intercepts are reported. Problems with ground conditions and high water return encountered by the scout drill rig hampered drillholes reaching target
depths with a number of holes abandoned and more significantly all drill holes were abandoned in mineralisation. Near surface strike extensions to mineralisation at Eastman remain untested.