Goldberg has completed the third reverse air drilling campaign at Target Chulula, owned by Admiralty Minerals (ADY:ASX), completing 1,432 meters and thus accumulating 8,862 meters drilled at the same Target since June 11, 2012.

The Chulula prospect is located at the Harper Mines sector, immediately south of Target Mariposa. The goal of the campaign was to drill certain key areas in the bodies identified as Orebody C in the previous campaign, in addition to a drilling in Orebady A and another in Orebody B.

This campaign began on December 8, 2012 and ended on January 10, 2013, 1,432 meters were drilled in 6 holes of 238 meters long average, with a maximum of 342 meters and a minimum of 130 meters long, which were drilled to deepen the existing information in Body C, and review the continuity of iron mineralization with two drill holes in two areas of Body A and B respectively.

The drill holes were successful in intersecting sections with high iron grades, the most important being the ARCH31 drill, which was in a sector within Body B, already identified as having high iron grades, this drill intercepted 44 meters of iron mineralization high grade, with an average grade of 36.1%.

Currently, the iron resources discovered and the overall results of these three campaigns are being evaluated by the consulting firm Golder Associates, and a certified report of the total iron resources from Target is expected shortly.