Paddy's Lode has a similar strike and dip extent to the Youanmi...

Paddy's Lode has a similar strike and dip extent to the Youanmi Main Lodes, and likely represents a southern offset of the main shear.

As an offset of the Main Lode, Paddy’s Lode will host a very similar gold grade to the historical mine.

The Mineral Resource Statement 14 July 2006- Youanmi Deeps Underground Project was 8.1g/t indicated and 8.7 inferred.

As reported by Rox in 2021 the MRE was 8.49g/t indicated and inferred gold.

Paddy’s Lode will be of similar grade.

Summary of Paddy’s Lode to date.

Gold grade around 8.5g/t indicated and inferred

True width 3-6m

Strike length 200m+

70 degree angle to the surface (perfect for mining)

RC drilling (3,000m) is currently testing up-dip extensions in oxide and transitional zones so could part of Paddys could be oxide fee milling gold.

Paddy’s Lode and perhaps Midway open up the possibility of dramatically upscaling the project

Instead of the planned 480 KTPA mill producing 77K au PA, a 1MTPA mill with 5g/t feed produces over 150,000 ozs au PA

That’s double the current planned output and with an AISC of $1500 oz au generates a cash flow of more than $200M PA

Cash flows of $200M PA are seen in the tier 1 companies. Belleview Gold will have a similar cash flow.
The market valuation of Rox post consolidation will be $120m.