Ann: Quarterly Cashflow Report, page-34

I am loving the quiet move to and inclusion of Drone Hill and Buzzard in particular in our immediate targets. Even is these zones as suggested at a minimum by surface sampling and modeling are as good as the rest of the deposit found at Ternera gold delineation there will be a massive breakthrough.

Though considering the potential size of our discovery at El Zorro starting at Ternera its unlikely we have found the very best first.

Think if you are a prospector with a metal detector and you are luck enough to find a patch of alluvial gold nobody has found before. This happens all the time by the way but less and less so without a grader to expose fresh ground.

Anyway you find a virgin patch of a couple of hectares. Its very unlikely you will find the richest part of that patch with your first nugget.

Your first nugget might be small (relatively) and the only one in that little bit, but as you walk around you will find richer and less rich zones and if you use a grader as many alluvial guys do that may change with depth. Point being we started at Ternera because its a great deposit and a sure thing (proven by prior drilling) and a mining company (a smart one) will always start with a sure thing.

But is it the best we will find on the massive footprint we have? Logic tells me that is unlikely, the very best is likely IMO yet to come.

Regardless even if we just keeping hitting decent grades over a bigger and bigger area the commerciality and sheer quantity of gold baring ground being discovered is what makes this a world class discovery.

Also loving the cost of doing business in Chile! Wow, still a heap of cash left!

Being a natural born tightwad and keen surfer who always wanted to see Inca ruins as a kid and with love of old Spanish houses the cheapness of Chile is getting me very excited (post Covid) to make a visit. With a detour naturally out to El Zorro to see what is changing many of our lives which will not just be a necessity of curiosity but also a tax advantage!! Ha ha!