Looks very incouraging:

From their latest NR:

Highlights from the program include:

  • The 2012 drilling program has expanded low sulphidation gold mineralization at the Tower showing over a 220 metre east-west extent, including drill hole SN12-04 which intersected 50.4 metres grading 0.54 g/t Au (Gold) and 4.77 g/t Ag (Silver), which includes 13.7 metres grading 0.91 g/t Au and 6.65 g/t Ag. These gold values are within or peripheral to a zone of strong silicification which appears to be at least 120 metres wide. It occurs alongside a zone of brecciation and faulting, which lies beneath Tower Creek.

 

Shovelnose Gold Property Overview

To date, 12 drill holes have been diamond drilled for a cumulative total of 1,384 metres, in three separate target areas. Gold and silver mineralization, associated with quartz veining and silicification, has been encountered in all 12 holes. In addition, there is evidence of a significant mineralized alteration system within the property.

 

Should make for an aggressive/promising 2013!