next week, page-10

To further clarify. In my previous post where I said 'resource modeling cutoff', I meant resource modeling reporting cutoff. This discussion is about what cutoff they use for Jorc resource reporting not what they use for modeling ore/waste contacts (kings point). 0.2g/t may be appropriate as an modeling cutoff (determined by geo) but shouldn't be reported. In fact, at Old Pirate it might be appropriate to model with 0g/t cutoff and use the quartz veins as the ore/waste boundary given the high nugget there - as long as the high grades are well controlled in the estimation. However it should be officially reported at a higher cutoff (eg mill break-even, incremental reserve) to demonstrate 'some' likelihood of the resource being economic, not at 0g/t, not at 0.2g/t.