News: AGD Austral Gold Signs Agreement To Acquire Revelo For Shares And Cash, page-8

Did we get the right company with Revelo? I note E2 Metals has roughly the same market cap as us and exploration ground near our Pinguino area in Argentina (where the Revelo acreage also is). We of course have 2 gold mines and cash flow. E2M has had some amazing silver grades of 18m at 47gpt Au, 208gpt Ag from 66m at Mia, but needs to raise equity to finance exploration as it has no working mines. Looking at the map on E2M November presentation page 6 the region is littered with gold and silver mines.

I note E2M have been actively drilling, while we have not done so at Casposo or Pinguino for some time. I assumed it was due to covid, .but it must be by choice.