Ann: Quarterly Activities Report, page-2

Very  impressive.   So  pleased  WAF  is  my  largest  holding.
Any  gold  results  over  20g/p/t  are  entitled  to  be  referred  to  as  Bonanza  gold  so
reading  that  we  have  proven 9m  at  93.55  g/t Au from 183m including  2m  at  
282.61g/t makes  me  feel  happy  inside.
That  is  very  high  grade  gold,  yet  those  are  not  as  good  as  many  previous  results in
the  300g/p/t.

   Mining  Permit  recently  granted, drilling  round  the  clock,  4  drill  rigs  going  at  it,  $18.5  
   million  in  the  kitty.....no  wonder  the  SP  has  been  steadily  rising  in  this  quiet  performer  
that  under-promises  then  over-delivers.

  “The Sanbrado DFS is nearing completion and will be reported along with a NI 43-101 technical
report in  Q1 2017. Receipt of the mining permit in January will enable development of the
Sanbrado Project to  proceed on schedule.
Construction activities are expected to begin in late 2017 following completion of  project financing.”

Bring  it  on!