• 16 new drilling intersections not included in current JORC Inferred Resource
• Assays received for NAD058 and NAD059, logging and sampling ongoing for NAD060 and NAD061
• Intersections could increase size of JORC Inferred Resource

Nagambie Resources Limited (ASX: NAG) is pleased to provide an update on diamond drilling at the 100%-owned Nagambie Mine. The announcement details 16 drilling intersections that were not included in the estimation of the current JORC Inferred Resource and could increase the size of the resource. Assays have been received for NAD058 and NAD059, while logging and core sampling of NAD060 and NAD061 is continuing. The announcement includes a table of the 16 intersections, highlighting their location, downhole length, gold and antimony grades. A plan showing the locations of these intersections is also provided. The company notes that the recent large increase in the gold price has led to renewed interest in reviewing and value-adding the gold-only mineralised intercepts from the recent diamond drill programs. The announcement also provides an update on the latest exploration, including the down-dip projection of the C1-W zone and the potential extension of the C2-W and C2-E zones. The JORC Inferred Resource will be progressively updated when the Competent Person considers that sufficient new drill results have been received to justify the update.