Lasseter is alive

Is this anywhere near where Lasseter purported to have found the motherlode?

A lot of upward volume went thru this puppy today.
These figures if correct, are amazing.


Document date: Fri 25 Oct 2002 Published: Fri 25 Oct 2002 14:54:23
Document No: 226061 Document part: A
Market Flag: Y
Classification: Progress Report - Other
CROESUS MINING NL 2002-10-25 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
Subsequent to the results released in our September quarterly report
final results for the recent drilling at the Gladstone prospect 8km
east of Norseman have been received.

The results are very positive including a spectacular result of 7m at
67.4g/t from 62m. This intercept included a single metre assay of
433g/t that contained numerous particles of gold including several
thumbnail size nuggets. The nuggets were removed from the sample
before being sent for analysis.

Some of the better results for Gladstone are shown below (including
results from the September Quarterly) and full results are detailed
in Appendix 1.

HOLE ID INTERCEPT

GLRC001 2 m @ 11.30 g/t gold from 21 m
GLRC003 8 m @ 28.41 g/t gold from 16 m
GLRC006 10 m @ 3.98 g/t gold from 27 m
GLRC007 1 m @ 8.78 g/t gold from 4 m
GLRC013 3 m @ 17.75 g/t gold from 14 m
GLRC014 2 m @ 12.46 g/t gold from 30 m
GLRC015 3 m @ 61.72 g/t gold from 23 m
GLRC016 2 m @ 8.96 g/t gold from 17 m
GLRC022 2 m @ 10.56 g/t gold from 32 m
GLRC041 1 m @ 16.37 g/t gold from 55 m
GLRC043 6 m @ 5.54 g/t gold from 38 m
GLRC044 7 m @ 67.38 g/t gold from 62 m

A resource estimate is now being calculated for Gladstone along with
metallurgical testwork. Pit optimisation studies will follow this
work and results should be available for the December quarterly
report. Further drilling along strike and downdip of the Gladstone
mineralisation is planned.

A drill hole plan of Gladstone is included in the September quarterly
report

For further information, please contact:

Michael Ivey Graeme Smith
MANAGING DIRECTOR & CEO COMPANY SECRETARY
(08) 9091 2222 (08) 9091 2222
Website: www.croesus.com.au.


APPENDIX 1

SIGNIFICANT INTERCEPTS FOR GLADSTONE PROSPECT DIAMOND AND RC DRILLING
>1.0G/T AU


HOLE ID NORTH EAST MRL DIP AZI DEPTH INTERCEPT

GLD001 6439560 391522 259 -60 090 146 1m @ 4.81 g/t gold from 102m
GLD003 6439531 391549 259 -60 090 106 2.3m @ 5.86 g/t gold fr 87.8m
GLD004 6439480 391540 259 -60 090 123 0.1m @ 9.91 g/t gold fr 112.7m
GLRC001 6439640 391615 258 -90 0 45 1m @ 7.18 g/t gold from 15m
2m @ 11.30 g/t gold from 21m
GLRC002 6439610 391620 258 -90 0 44 2m @ 1.42 g/t gold from 31m
GLRC003 6439580 391632 258 -90 0 40 8m @ 28.41 g/t gold from 16m
Includes 1m @ 129.77 g/t gold from 20m
Includes 1m @ 45.35 g/t gold from 22m
1m @ 1.01 g/t gold from 28m
1m @ 1.44 g/t gold from 34m
GLRC004 6439530 391650 258 -90 0 45 1m @ 1.43 g/t gold from 34m
GLRC006 6439405 391680 258 -90 0 45 10m @ 3.98 g/t gold from 27m
GLRC007 6439380 391700 258 -90 0 30 1m @ 8.78 g/t gold from 4m
GLRC009 6439235 391740 258 -90 0 47 1m @ 1.13 g/t gold from 29m
GLRC010 6439215 391725 258 -90 0 40 2m @ 4.27 g/t gold from 28m
GLRC012 6439175 391750 258 -90 0 56 1m @ 1.06 g/t gold from 42m
GLRC013 6439135 391785 258 -90 0 35 3m @ 17.75 g/t gold from 14m
Includes 1m @ 52.10 g/t gold from 16m
GLRC014 6439135 391760 258 -90 0 53 2m @ 12.46 g/t gold from 30m
GLRC015 6439115 391780 258 -90 0 35 3m @ 61.72 g/t gold from 23m
Includes 1m @ 181.53 g/t gold from 24m
1m @ 1.13 g/t gold from 29m
GLRC016 6439115 391765 258 -90 0 45 2m @ 8.96 g/t gold from 17m
3m @ 1.87 g/t gold from 31m
GLRC017 6439095 391785 258 -90 0 30 2m @ 3.63 g/t gold from 23m
GLRC018 6439095 391760 258 -90 0 41 2m @ 6.22 g/t gold from 36m
GLRC020 6439075 391770 258 -90 0 45 4m @ 1.01 g/t gold from 31m
1m @ 2.02 g/t gold from 38m
GLRC021 6439055 391790 258 -90 0 30 2m @ 4.30 g/t gold from 25m
GLRC022 6439055 391770 258 -90 0 40 2m @ 10.56 g/t gold from 32m
GLRC023 6439055 391750 258 -90 0 50 1m @ 5.39 g/t gold from 42m
GLRC025 6439020 391750 258 -90 0 50 1m @ 3.03 g/t gold from 38m
GLRC029 6439020 391710 258 -90 0 75 8m @ 2.16 g/t gold from 32m
GLRC030 6439035 391695 258 -90 0 90 1m @ 2.62 g/t gold from 75m
GLRC031 6439035 391735 258 -90 0 55 1m @ 1.23 g/t gold from 50m
GLRC032 6439055 391710 258 -90 0 75 3m @ 1.31 g/t gold from 58m
GLRC034 6439075 391735 258 -90 0 60 1m @ 1.02 g/t gold from 25m
5m @ 2.91 g/t gold from 40m
1m @ 2.89 g/t gold from 49m
GLRC036 6439115 391695 258 -90 0 77 1m @ 1.25 g/t gold from 60m
1m @ 2.05 g/t gold from 64m
GLRC039 6439135 391740 258 -90 0 60 2m @ 1.79 g/t gold from 47m
GLRC040 6439155 391735 258 -90 0 61 1m @ 1.06 g/t gold from 53m
GLRC041 6439175 391710 258 -90 0 75 1m @ 16.37 g/t gold from 55m
2m @ 3.10 g/t gold from 61m
GLRC042 6439195 391725 258 -90 0 75 2m @ 2.42 g/t gold from 46m
1m @ 7.02 g/t gold from 54m
GLRC043 6439215 391720 258 -90 0 65 6m @ 5.54 g/t gold from 38m
GLRC044 6439235 391695 258 -90 0 90 7m @ 67.38 g/t gold from 62m
Includes 1m @ 433.93 g/t gold from 64m
2m @ 5.88 g/t gold from 75m
GLRC045 6439255 391710 258 -90 0 71 1m @ 1.20 g/t gold from 44m
6m @ 1.21 g/t gold from 48m
1m @ 4.66 g/t gold from 57m
GLRC047 6439315 391658 258 -90 0 85 1m @ 2.29 g/t gold from 64m
GLRC048 6439455 391645 258 -90 0 75 1m @ 5.13 g/t gold from 62m
GLRC049 6439455 391670 258 -90 0 59 2m @ 2.17 g/t gold from 43m
GLRC050 6439480 391620 258 -90 0 95 6m @ 3.57 g/t gold from 71m
GLRC051 6439505 391618 258 -90 0 80 4m @ 1.37 g/t gold from 65m
GLRC052 6439580 391597 258 -90 0 75 1m @ 1.94 g/t gold from 56m
1m @ 1.38 g/t gold from 62m
GLRC053 6439580 391617 258 -90 0 55 4m @ 3.92 g/t gold from 35m
6m @ 2.16 g/t gold from 42m

Notes: RC Results - Final assay results from reverse circulation
drilling 1m riffle splits, 2mmaximum internal dilution, 1 g/t Au
lower cut, no upper cut, Gold analyses performed using Leachwell
Method/ICP Spectrometry by Ultratrace Laboratories, Perth.

Diamond Core - Final Assay results from (1/2) HQ3 core, 2m maximum
internal dilution, 1 g/t Au lower cut, no upper cut, Gold analyses
performed using Leachwell Method/ICP Spectrometry by Ultratrace
Laboratories, Perth.