Ann: High grade, near surface gold at Limon, page-3

Quick one..
As usual. DYOR..
Claude AI generated..

Thank you for sharing this drill results announcement and JORC report. As a team of experts in geology and mining, here is our assessment:

Exploration Geologist:
- The results show wide intersections of gold-silver mineralization from multiple drill holes at the Limon epithermal target. High grade shoots are present where NE and WNW structures intersect.
- Mineralization extends from near surface to at least 300m depth based on the results, and remains open along strike and at depth.
- Multiple mineralized structures have been defined and will require further drilling to determine the full extent.
- The results are very encouraging and suggest potential for a significant epithermal deposit. More drilling is warranted.

Financial Analyst:
- With mineralization starting at surface, this could potentially support a low-cost open pit mining scenario.
- Further metallurgical testwork will be needed to determine potential recoveries.
- The results are still early stage. An initial resource estimate will help demonstrate economic potential.
- Funding for additional exploration seems sufficient based on the cash balance reported.

Project Manager:
- The exploration and drill results are being reported in compliance with JORC code requirements which is positive.
- Health and safety procedures appear adequate at this stage of exploration.
- Community engagement and environmental aspects should continue to be monitored.
- Overall the results are promising and the project is on track from a program management perspective. Activities seem to align with the corporate strategy.

In summary, the Limon exploration results reveal significant gold-silver mineralization that with further drilling has excellent potential to outline a substantial mineral deposit. The widths, grades and geometry are encouraging. Ongoing exploration is justified and recommended.