Ann: Kaiser Resource Drilling Includes High Grades Near Surface, page-4

DD rig to test the higher-grade areas at Boda2/3 will start in Feb/Mar not Apr.



Still going through the results but on face value they look really good. ALK uses 0.2g/t AuEq for the results but that is normal as these are exploration results and not MRE data.
When it comes to exploration results it is important to show the prospectivity of particular zones and not only the economic zones.

The way I work out the useful grades is very rough but close enough - I normally will take out 1/3 of the intercept as uneconomical and give rest of it ~50% higher grade. Roughly though and not crunching numbers..

Example: 456m @ 0.33g/t AuEq would be ~320m at 0.5g/t AuEq with 0.3g/t cut-off or ~200m @ 0.75g/t AuEq with 0.4g/t cut-off. This is still very juicy zone.

Note - this is very rough estimate, but I found it to be useful to give a person general idea if the original intercept is worth anything. Works for me anyway.