Ann: Infill drilling continues to intercept gold bearing zones, page-68

And why not brother... By saying the results continue to demonstrate continuity of grade between mineralised faults Zeff is saying the gold is showing up everywhere..

So when you say the project has huge potential, you only need to look at Ternera before going any further to understand why..

Continuity becomes continuous and is a trade mark of RIRGS as we know.. Totally underwhelming but everywhere you look type thing..

Ternera has been defined as 800 x 750 x 300 as written above.. Head grade tested as 2.39 but lets discount that by 2.02g to account for all possible dilution within the defined area.

800 x 750 x 300 = 180'000'000 m3

x 2.5 (sg) = 450'000'000 tonnes of ore

450'000'000 x .37 g/t (Estimated average across each tonne fully diluted) = 166'500'000 grams

166'500'000 / 1000 = 166'500 kilo's

166'500 x 34.87 = 5'805'855 oz.

Now in all fairness it's going to cost .2 g/t to economically mine and process the ore.

Roughly the equivalent of 3'138'300 oz

Leaving a bankable 2'667'555 oz by rough calcs of which some 96% or so is recoverable..

Or 2'560'853 saleable ounces.. Not a bad little earn first up..

Of course we may prove to be lower than average .37 g/t overall but with continuity being demonstrated I'm leaning towards at least that figure or slightly higher as per other RIRGS systems. ref Fort Knox or Dublin Gulch LOM g/t

And the cost of mining may increase which moves your cutoff up the cost curve, but again I'm leaning towards it being .2 or possibly lower so don't think that will impact based on known variables at present..

See the thing is all the shitty overburden you just dump on a leach pad and spray cyanide over it.. It's amenable, we know that so the gold just sinks to the pad and is collected in a runoff pond before being sent for stripping.



No need to wait for the processing plant, the money starts to roll in off the strip ore.

All speculation, but if people want to get a handle on just what is being unveiled here.. And what Zeff says when he mentions huge potential..

Start crunching a few numbers and you'll soon see what he means.

We know there is at least 4'000'000 m3 at .25 g/t shell as shown today that has to be removed.. And because it is mineralised from surface that in itself returns a recoverable 83688 Oz which when sold on market using an $1600 usd/Oz price for plenty of sensitivity margin kicks $133'900'800 back in to the operation.

So yeah, viewed at scale I can see where Zeff is going with the term "Huge Potential"

Potential only at this point of course, no guarantees, final estimates will tell the story... 8H