high grade extensions old pirate, page-24

The recent Golden Hind drilling looks like its being done on about a 15m staggered spacing. 15m to next hole along the same section, 15m diagonally to the closest hole on the next section north or south. This should result in Indicated resources and therefore potential reserves (after studies) without further drilling in this area. My calcs gave the 42m intersection a possible close to true width of about 26-28m assuming a -85 dipping orebody or 34-36m for a flatter -70 dipping orebody. The narrowing of intersection is due to the -60 degree hole intersecting a steeply dipping orebody, basic trigonometry. My opinion only.