Ann: Gilded Rose Sale Update, page-60

Yes I saw the Qarterly report with maps with dozens of drill collars around Falcon, Comstck and Shamrock but without a series of cross sections (not cherry picked one-off best of cross sections!) and without knowing the orientation of the drilling all we can say is that there seems to be a strike length of around 200-300m worth drilling, but with no real idea of continuity, thickness, grades, orebody pinch and swell or whats happening down dip or if everything is closed off along strike. There will also be some "assumptions" about what has been mined from old historical underground shafts and stopes.

At Mt Freda there is a long section showing pretty reasonable drill coverage of pierce points, but a lot of the drilling is historical and so any resource model constructed there will be relying on old historical drill data in some part, depending on how brave the CP is who is signing off on this they will use or ignore some of this possibly older and dubious data. They will also need accurate survey volume pickups of the current Mt Freda open pit dimensions, and unless you have surveyors whom can breathe underwater, you may be limited to using old historical survey data that may or may not be useful or accurate.

Thats why my comments were indicating that the drill coverage most likely would be that any future resource/reserve calculation at Mt Freda itself would probably have the higher confidence level out of anything in the Golden Mile area.

As for some of the other stuff like King Brown - thats just not enough drilling there to even close it off yet, so still early days.