Metal Bank Limited provides the following drilling update from the Eastern Target of the 8 Mile Project in southeast Queensland, Australia. Results have been received from an initial reverse circulation (RC) drilling programme designed to investigate and expand on historical drill results. Ten holes (872m) were completed at Flori's Find and Perry. Broad zones of gold mineralization have been intersected at both the Flori's Find and Perry prospects which are located within the same structural corridor more than 2km apart. Summary of drill results: Flori's Find Prospect: 22m @ 1.1g/t Au from 8m (ETRC001); 18m @ 0.7g/t Au from surface (ETRC002); 22m @ 0.44g/t Au from 45m (ETRC004); and 4m @ 5.5g/t Au from 76m, including 2m @ 9.7g/t Au from 76m (ETRC005). Perry Prospect: 46m @ 0.3g/t Au from 24m (ETRC007); 12m @ 2.1g/t Au from 4m, including 2m @ 7.5g/t Au from 14m (ETRC008); 36m @ 1.2g/t Au from 36m, including 2m @ 14.8g/t Au from 36m(ETRC009); and 8m @ 0.8g/t Au from 70m, (ETRC009). At both Flori's Find and Perry prospects the gold mineralisation is closely associated with high- level strongly altered intrusive rocks, interpreted as high-level leakage above a larger gold system occurring less than 200m below surface. These rocks have many similarities to the alteration and intrusives suite at the nearby Mt Rawdon gold mine (2Moz). High priority IP geophysical targets identified directly beneath the broad zones of gold mineralisation intersected in shallow drilling at both Flori's Find and Perry prospects are interpreted as bulk tonnage intrusion related gold systems. It shows an oblique view of the exploration model at the Perry prospect which highlights near surface drilling results, gold in surface geochemistry and the relationship with IP geophysical targets less than 200m below surface. They show drill hole locations and detailed drill sections at Perry and Flori's Find. Multi-element and gold surface geochemistry highlight at least four near-surface gold systems within an overall north-east trending structural corridor greater than 3.6km x 800m (open to the north-east) which includes the Flori's Find and Perry prospects. Metal zonation models derived from the interpretation of multi-element soil geochemistry suggest the near surface geochemical anomalies are in the upper levels of a large intrusion related gold system. Results from this drilling programme combined with the three lines of IP geophysics provide additional support for the potential for a large intrusion related gold system.