El Zorro, an emerging IRGS (Birds eye View), page-190

Buenas Noches everyone.

Gold mineralisation with every drill assay continues at Ternera.

Exciting development in the eastern sector with this statement from Zeff...

"Modelling has identified thickening of the mineralised zone along the east of the Ternera Deposit and holes ZDDH0105, ZDDH0106, ZDDH0108 and ZDDH0109 have all been re-entered and extended by over 200m each to intercept this widening zone."

This means that these four holes will be extended to nearly 500m in length. By far, the deepest drilled holes in the campaign to date.

Also of note, it has been a month since the last drill results (29March) yet the company has reported only 8 additional holes drilled since then (136 now, 128 back in March). Not sure why the go slow? Also, the location of these extra 8 holes was not provided in this Ann. Maybe an innocent omission? I also make it 29 assays outstanding, not 31 the company states. I think they had a bad day at the office putting this Ann together

But the great news is that a 5th Drill Rig has arrived on the scene. A very positive sign that things are beginning to ramp up.

Cheers

M8




1. WHITE----Location of holes with results announced today i.e holes 101,102,103,104,107,110,111
2. RED---100g/m+ Au drill intercepts by TSO so far in (Includes Hole 51----VISIBLE GOLD)
3. GREEN---Location of holes drilled since the last drill Announcement. (Eight more but drill locations not reported)
4. YELLOW--Results pending from older drill holes.
5. PURPLE--Location of holes that have been further extended by 200m.