Freehill Mining Limited provided this update to shareholders on exploration and project development activities. The company has taken the decision to suspend the three-hole 1,500 metre diamond drill program at El Dorado based on limited mineralisation encountered in the first 1000 metres of drilling. The remaining capital allocated for this program will be redeployed to exploration and project development activities underway to advance Freehill's 67Mt Yerbas Buenas magnetite project. A number of intervals with chalcopyrite mineralisation and intense quartz stockwork veining from this drill program were encountered and these intervals have been sampled and 300 samples sent for copper and gold analysis with results to be released as soon as they become available. The El Dorado drill program was designed to test three high value targets covering only a small area of the broader 750-hectare tenement package and the technical team is now assessing other potential targets in the northern part of the project area where no exploration work has been undertaken due to the steeper topography.