Ann: Drilling Extends Dalcoath Gold Zone at Spur Project, page-57

I am happy to continue accumulating having bought an initial large parcel just over 12 months ago now. Hedge funds may be able to manipulate the share price but they have absolutely no control over the +1km and growing expanse of the epithermal gold, the multiple porphyry indications, the evidence of a fully preserved subvertical system or the proximity to a top 10 globally significant gold operation that needs high grade shallow feed. My strategy remains the same. Buy opportunistically on weakness, hold my nerve and sell to Newmont who already own our future processing plant and tailings facilities over the hill to the east.

I wonder if Goldfields have finished the regional scale state of the art light plane geophysical surveys planned for November/December they letterboxed locals about a few months ago. They are actively surveying the tenements completely surrounding us at Spur. I wonder if they turn their instruments off while they fly east west across our tenement? Oops we forgot to turn the switch. Goldfields are said to be paying $1m per percent up to 75% on virgin ground completely surrounding us. What does that mean the brownfields development in the centre is worth?

The talk of leaks is nonsense. Labs deidentify sample testing and have strong role separation and confidentiality protocols. The gold is mostly disseminated so you cannot tell the grade until it’s fire assayed. Even the high grade material would look quite nondescript. In this industry and this investment class you will spend most of your time waiting for results. Yes, a second rig would speed things up but it also increases cash burn. We don’t need another raise down here! I see the diamond rig arrival will signal a juicy moly target. There is enough infill and extensional mag low without a single hole into it to keep the epithermal RC rig going for many many months.

In terms of upcoming assays. Very excited to see if 31 and 32 have picked up the high grade in 002 that returned 7m @ 16.78 g/t Au. Interesting to see results for 34 and 35 that look to be probing the mag low extension between Spur east and Essex. Very keen for more moly hits north west of Dalcoath.

IMHO and GLTAH!