quarterly out, page-2

Just a quick comment on "crap" drill holes at maldon (although I know nearly everyones into AGS for the U )

I worked for a year with an experienced Mining Engineer who had been Underground manager at Norsemans Harlequin deposit in WA. This deposit is narrow vein, very high grade but extremely nuggety (although not of the same age or type as Victoria) so many parallels with maldon . However he recounted that a typical diamond drill hole intersection (ie. 9 out of 10) in the lode were normally below detection limit!!! This was while they were actively airlegging the lode along strike and realising 20-30 g/t through the mill....

Norseman has never really had more than about 12-18 month of reserves (if that) but has been in operation producing millions of ounces for decades....