Thank you for the feedback calculations There is only one recent...

Thank you for the feedback calculations

There is only one recent unpublished estimate or data relevant to the reported foreign estimates available which relates to the depth extensions of the Gubong No. 6 Vein, undertaken by Tigris (2012), which stated that an exploration target for Gubong Vein 6 with the following ranges may be present:

• Lower Range Exploration Target - 1.21 million tonnes at 6g/t Au.
• Upper Range Exploration Target - 2.28 million tonnes at 8g/t Au.

This target range is an extract from an internal, incomplete and unpublished draft Tigris Gold Limited report (subsequently renamed Asiatic Gold) and is used with the permission of Asiatic. The Lower and Upper Exploration Target ranges prepared by Tigris Gold have not been reviewed in the light of any subsequent work that may have been undertaken by Tigris and / or Asiatic or, as a consequence, it’s ongoing compliance with JORC (2012)
The evaluation and / or exploration work that needs to be completed in order to verify the foreign estimates as mineral resources or ore reserves in accordance with JORC (2012) requirements will consist of some or all of the following preliminary and follow-up activities which will be undertaken in a staged manner:

• Stream sampling and outcrop mapping,
• Surface outcrop mapping,
• sampling, trenching and or drilling of various types,
• Conducting surface and airborne geophysical surveys,
• Re-opening old workings to enable mapping, surveying sampling and
• Drilling from surface and underground positions.

http://www.southerngold.com.au/uplo...sition of High Grade Korean Gold Projects.pdf

• Lower Range Exploration Target - 1.21 million tonnes at 6g/t Au. = 7,260,000 grams
• Upper Range Exploration Target - 2.28 million tonnes at 8g/t Au. = 18,240,000 grams

The median for the above targets is = 12,750,000 grams = 409, 922 t oz x $1250 = $512m Gross value