Ann: Phase 5 Conglomerate Gold-Platinum at Crown Ridge, page-4

Shame there was no info re grades in this ann....but things are progressing......and there are sufficient funds to see out this current MRE program.

"Scout diamond drilling program confirms that the gold-platinum hosting conglomerate is continuous over hundreds of metres laterally and 70 to 90 metres thick"

"The sequence extends at least 1,100 metres from east to west and 550 metres from north to south".

"The lateral extent of the conglomerate-bearing mineralisation is open in all directions"

"Panning of the material excavated from the pits showed that gravity recoverable gold is present throughout the conglomerate unit".

They have defined a healthy amount of cubic meters so far: (1100m)x(550m)x(70-90m) and it is open.....there is clearly scope to increase this figure.

I'd like to see absolute confirmation that the gold is present over the entire 70-90m thickness....and of course the grade of this material. There are plenty of diamond hole assays pending (3000m worth i'd hazard give or take) so we should have a better idea about this in due course.....from here its all about grade of course.

Mgt have stated previously they expect recoveries to "significantly increase" and the purchase of the bulk sampling machine is a good step in proving up this project and perhaps realizing these increasing recoveries (even if it means delays in obtaining our MRE)....

8 weeks until the equipment arrives on site. So maiden MRE might be released end of Q3? Too many unknowns to really make a solid prediction on this.

I certainly would've liked to see some grade determination figures......but ALS Labs must be under the pump as that seems to be where the bottleneck is occurring re progress on this. Just have to wait it out.