SOUTHERN NIGHTS RETURNS FURTHER HIGH-GRADE INTERCEPTS, page-26

The latest results were disappointing. Once the mineralization drops away to "anomalous" and "minor", I think the strategy to chase strike extensions as a priority is dubious. The priority should have been up and down dip extensions within the high grade strike. That zone is between between 6,386,389 North (Hole WTRC037) and 6,386,228 North WTRC039). To my understanding nothing has been drilled beneath the series of holes which are drilled due east to "scissor" towards the high grade holes with an azimuth of 270. The best mineralization seems to have been intersected at depths of around 200 meters vertical. Why not at least one hole stepped out and drilled at the same angle to target a vertical depth of 250-300 meters?

In my estimation we seem to have a spectacularly high grade orebody of unknown vertical continuity which has a true thickness of 7 to 12 meters and a strike circa 120 meters. It isn't looking "tier 1" at this point but time will tell.