Ann: Los Calatos Drilling Update , page-20

Not impressed, not disappointed either with the results, though I did expect to see something better from CD-39. It is much clearer now that the mineralisation is no longer open.

Here is how I would summarise the new results:

CD-34: Acceptable, reasonable grade from 298m
CD-35: Mediocre, mineralisation is at depth
CD-36: Poor, very low grade, no Moly - outside boundary of mineralisation
CD-37: Poor, very low grade, no Moly - outside boundary of mineralisation
CD-38: Good, some higher Cu eq grade intercepts closer to surface
CD-39: Acceptable, long intercept, reasonable grade from 780m
CD-40: Nice, some higher Cu eq grade intercepts from 328m

Going forward, not much to be expected from CD-41, CD-42, CD-43, as they fall outside the interpreted outline of mineralisation.

The market has yawned at the announcement as seen by the share price action. A few players seemed to have abandoned the ship. The market prefers higher grade deposits even if tonnage is smaller as demonstrated by the action in AVB this week.

Alejandro
-------------------
DYOR, this is not investment advice
STO, BDR, TRY, MNC, ELT