Demetallica reports progressive drill results from its 100% owned Jericho copper-gold project, Cloncurry. These re-sults are from J1 Lode comprising 14 holes within Matilda shoot and 6 holes within Jumbuck shoot. Highlights: All holes encountered copper and gold at the predicted shoot positions, demonstrating exceptional lode continuity, with numerous holes returning +2% Cu intercepts.

Extensional diamond holes confirm mineralisation continues below resource boundaries. Select intercepts include: Infill RC holes: Matilda shoot: 6m @ 2.73% Cu and 0.54g/t Au (JE22D027); 10m @ 3.08% Cu and 0.54g/t Au (JE22D028); 5m @ 2.55% Cu and 0.33g/t Au (JE22D029); 7m @ 2.34% Cu and 0.31g/t Au (JE22D031). Jumbuck shoot: 5m @ 2.58% Cu and 0.61g/t Au (JE22D036); 9m @ 2.14% Cu and 0.85g/t Au (JE22D037); and 7m @ 3.57% Cu and 0.72g/t Au (JE22D040).

Extensional Diamond holes: Matilda shoot: 25m @ 1.0% Cu and 0.28g/t Au (JE22D022); 23m @ 1.24% Cu and 0.29g/t Au (JE22D023); and 12m @ 1.28% Cu and 0.15g/t Au (JE22D024). Assays for 20 drill holes completed within J1 lode are consistent with earlier results1,2 and reinforce the continuity of copper and gold mineralisation in two well-defined shoots; Matilda and Jumbuck. Infill RC drilling, in particular, intersected strong copper grades at depths less than 200m.

Diamond drill holes, probing for extensions to mineralisation down-plunge on both shoots, returned appreciable copper grades over downhole widths of 12m to 25m proving the mineral system extends with depth and remains open. An example of this is a wide intercept in hole JE22D022 at 500m below surface, being 160m deeper than any previous intersection.