Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-147

This is one of the best figures we have seen from Korbel yet.

What we are looking at is the block model from this new estimation, with the blocks coloured by g/t. The scale is up in the upper right (agian.... its so nice to finally see them include the scales!).

Basically, anything that is green or red is ore. Red is the high grade. Green is the lower grade, but still above cut-off. Blocks which are below the cutoff (waste) are hidden, so effectively we are looking at the estimated ore body.

The key with this deposit is the shape of the ore body. Look how it comes right to the surface and is basically pit-shaped. They will be digging up ore from DAY ONE. as they dig deeper, they will need to make the pit a bit wider to avoid pit wall collapse, but even still, there will be very little waste that needs to be removed.

The ratio of waste/ore that needs to be dug up and moved is called the strip ratio. Korbel will have a very low strip ratio. This figure makes that very easy to visualize and understand. This will dramatically reduce the AIC. the expectation is the feasibility studies will produce very favorable findings.