Ann: Drilling Confirms Significant Extension at Korbel Main, page-20

Just three quick comments, will come back with more when I have more time to look and think.

1) Strange they only share numbers for 1 hole (kbdh-025) when clearly the other new holes look to have good results as well. Possibly they are going to release several more announcements in short succession?

2) This kbdh-o25 drill hole results are phenomenal. Yes, the measured depth is deep, however, because the hole was drilled near horizontal, the actual data is coming from a very reasonably minable depth. Looks like only a couple hundred meters deep in true vertical depth....!



This south-east 'high grade' extension they have been going on about as of late is no joke. This very well could end up becoming the best part of Korbel (so far...!).


Relating to my first point, assuming all those holes on pad 4 are new, they do look good according to that cross section and the scale bar for grade. surly there will be another announcement very soon to share the actual assay numbers?

3)


I can see from this figure here that they are now modeling the grade shell live - as they go. They were not doing this before. They have either upgraded their modeling software or upgraded their staffing to do this, its a very important step in the right direction from a geologic productivity perspective. I love seeing this. Also, I know it looks weird, but the red is the block model (with fairly large blocks) and the blue is a mesh. I can see, just form my experience, that as of this announcement they have clearly already dramatically increased the mineralization. Chris said 30%....that looks about right in this figure. That would be about 4.3-4.5 mt, as the model sits now, with a lot more holes to come.......

GLTAH