re: snowden validates resources at moto gold proj Aug 25, 4.43...

re: snowden validates resources at moto gold proj Aug 25, 4.43 pm: Snowden Validates Resources at Moto Gold Project
http://sa.iguana2.com/cache/1620866655b28226b8c1d296bc6a4a37/ASX-MOE-332469.pdf

Extract:
Snowden Mining Consultants validate Resources at Moto Gold Project
PERTH, WESTERN AUSTRALIA –

"Moto Goldmines Limited announced today that
International consultants Snowden Mining Industry Consultants (Snowden) has completed an independent audit of the resource estimates and exploration procedures at the Moto Gold Project located in the DRC.
• Snowden considers the resources as estimated by Cube Consulting to be an appropriate reflection of the Moto Gold Project resource as it currently stands.
• Snowden considers the Moto resource to be a large scale and robust mineralised zone that has the potential for significant additions as further resource definition is undertaken".


COMMENT:
Moto has concentrated for now on infilling so as to increase indicated resources with a higher grade (Now 2.9 gr/tonne compared with 2.7 gr/tonne in April and close to 3.5 gr/tonne can be expected later on) and decrease its inferred resources.

It does'nt need to convert all inferred resources but will do extension drilling later on so as to increase total resource. And that is we are waiting for.

There is still a lot of infill drilling to do but an enlarged resource is on the cards.

Gerry
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