Ann: Gold Extraction Results from Ema and Tres Estados, page-27

Interesting that they are currently only allowed to drill along existing tracks which indicates there is a fairly strict environmental approval process at work.

In some ways it will be a good test as there isn't going to be much selectivity involved. If the samples from the RC drilling come back showing that the metals are in fact homogenously distributed in the gabbro unit, as the rock chip sampling so far suggests, that will be a significant confirmation.

Obviously the next problem will be to get the environmental licences to be able to do the diamond drilling and refine the met processes into scaleable forms where an economic feasibility can be made on mining the potential deposit on a bulk scale.

If the grades from these tests are truly representative of the bulk of that gabbro unit and the outline of the unit has been mapped accurately there is a good chance that the grades will carry any production costs through, as long as there is something that is not being told to us in respect of the processes, ie we haven't been told the types and quantities of acids required to effect the leach and or the energies involved in the smelt.

Good to see the drills finally spinning. That will get one uncertainty out of the way. Esh