Ann: Exploration Update, page-20

Reviewing the timetable set out in the January presentation, BBX appear to be on schedule for a number of key objectives refer slide 13 for 1st Quarter 2018;
  -- commence bulk met testing at Marcelo refinery
  -- receipt of environmental licence.

Still to do include the release of assay results and completion diamond drilling at Ema (which was contingent upon the receipt of the licence). I wonder whether the assay drill results were also contingent upon an event i.e. the commencement of bulk met testing?

The unexpected news was the bulk sample recoveries at Tabocal yielding 206.9 g/t without a pre-leach step. Given the hoops, BBX was previously required to jump through including the retraction of the August 14, 2017 announcement re: gold extraction from Ema bulk samples of 299.3 g/t Au which utilised a pre-leach step, the news is somewhat encouraging and indeed could be considered a validation of the presence of spectacularly high grade mineralisation.