updated resource estimate

Ignoring the ounces that have been stated by the company for...

1. the stockwork above Lomond
2. the Lomond reef
3. the Empress reef
4. the Cohens South reef
5. or any other exploration potential

AND, just focusing on the two dyke bulges on the Ross Creek Line that have been drilled todate...Eureka and Tubal Cain, we can forecast the SIGNIFICANT UPGRADE to their Geological Models.

Eureka Geological Model Resource Estimate
High Grade Quartz (to 300m ONLY*)

Tonnes 430,000
Grade g/t 14
grams per oz 31.10
Au Ounces 193,569

Sediments
Tonnes 900,000
Grade g/t 7
grams per oz 31.10
Au Ounces 202,572

TOTAL Au Ounces 396,141

BUT Eureka has now been drilled to 350m and identified 2 additional reefs - 9 & 10 - including drill intercept 0.35m grading 5,604 g/t Au

Tubal Cain Geological Model Resource Estimate
High Grade Quartz (to 300m ONLY and 8 quartz reefs)

Tonnes 1,160,000
Grade g/t 17
grams per oz 31.10
Au Ounces 634,084

Sediments
Tonnes -
Grade g/t 7
grams per oz 31.10
Au Ounces -

TOTAL Au Ounces 634,084

But Tubal Cain has now been drilled to 600m and has identified 15 reefs including drill hole GRT-006 which intersected 29 mineralised zones and 4 intercepts with grades greater than 30g/t Au

My forecast indicated that within the next 4-6 weeks...

Eureka could be upgraded to ~543,408 oz Au

Tubal Cain could be upgraded to ~2,266,881 oz Au

TOTAL ~2.8moz !!!!!!!!!!!!!!!!!!!