re: Ann: ACQUISITION OF ARQUEROS GOLD-SILVER ... Here's some key...

re: Ann: ACQUISITION OF ARQUEROS GOLD-SILVER ... Here's some key info from the acquisition

"The Company's exploration target for the Arqueros Project is 1 to 2 Moz of gold equivalent. This is based on a target range of 20‐40 million tonnes with a grade of 1.5 – 2.0 g/t gold equivalent. The potential quantity and grade is conceptual in nature. There has been insufficient compilation of previous exploration and mining activity to define a Mineral Resource under the JORC Code and it is uncertain if further compilation and exploration will result in the determination of a Mineral Resource."

1M-2M ozs if JORC'd would be worth at $25 EV/oz - $50 EV/oz

= $25m - $100m = 3.5c - 14c

Of course this is still early days and we need a JORC first but you get the idea