Greenvale Mining Limited announced that its 100%-owned Georgina Basin IOCG Project in northern Australia has received a significant boost following the release of preliminary drilling data from 10 diamond drill-holes completed under the Government-funded National Drilling Initiative (NDI). According to the data released by the Government, the holes have confirmed the potential of the East Tennant region in the Northern Territory to become "one of Australia's most exciting exploration frontiers", providing important new insights into the mineral potential of this under-explored region. The preliminary data release from the 4,000m of drilling completed by the MinEx CRC National Drilling Initiative (NDI) includes core and chip photography, geological logs, portable XRF and Minalyze geochemistry, HyLogger spectral data and multi-tool wireline geophysics. The drilling was designed to test the potential of basement rocks in the East Tennant area to host gold and copper-rich deposits similar to those in the world-class Tennant Creek mineral field. The holes intersected felsic intrusive and extrusive rocks, deformed siliclastic and carbonate metasedimentary rocks and a previously unidentified basin containing coarse clastic sedimentary rocks. In its media release of Friday 5 March 2021 (which is available at www.minexcrc.com.au), MinEx CRC says that the geology intersected by the drill holes has confirmed the presence of rocks of the right age to host large-scale IOCG deposits while also uncovering mineralizing processes such as the presence of major structures, hydrothermal alteration and base metal sulphides. Several of the holes are located adjacent to tenements within Greenvale's Georgina Basin Project, which comprises a package of nine Exploration Licences covering a total area of 4,475km2 across this exciting new exploration district. Greenvale has secured a first-mover position in this district through its wholly-owned subsidiary, Knox Resources Pty Ltd, and intends to pursue a systematic approach to exploration this year in parallel with ongoing development work at its Alpha Torbanite Project in central Queensland, as outlined in recent ASX releases. The Company recently completed an extensive airborne geophysical survey across its western and south-eastern tenements, with a total of 15,328-line kilometres flown across three key granted tenements, namely EL32282, EL32296 and EL32295. The NDI Government-funded drilling included two sites located adjacent to the Company's licence areas, with the drilling data released last week expected to have important implications for Greenvale's exploration activities. Greenvale has contracted Resource Potentials to assist with the interpretation of the data collected from the geophysical survey, as well as the integration of any anomalous geophysical responses observed from the data with the company's pre- exploration and geophysical datasets. The company's exploration team is currently reviewing the data released from the NDI holes and will integrate this information with the geophysical data, together with exploration results from other companies active in the region, to help refine its targeting approach. Greenvale also notes the surface copper discovery reported late last year by Middle Island Resources at their Crosswinds prospect, which borders the company's EL 32295 and which further reinforces the prospectivity of region.