| Hello Everyone We have more drill results out today, this time from the Machichie target. We have not previously reported any drill results from Machichie as part of this program and we regard these results as being very significant for several reasons; Here are Alan’s thoughts. Principle takeaways: - The Machichie target is located just 500m northwest of the MG gold deposit which obviously has an extensive gold-in-oxide blanket. Like MG, Machichie is another E-W trending zone which we have traced in previous drilling and trenching for 900m E-W. The mineralized zone is still open
- Previously, the focus of the drilling at Machichie was on determining the extent of the gold mineralization in the underlying intrusive basement rocks (see my comment above), but the current program is focused on determining the extent of the overlying gold-in-oxide mineralization at Machichie, which is obviously the weathered material. It is important to note that there are currently no ounces in the most recent resource estimate (neither in the oxide or the underlying hard rock material) due to insufficient drill density
- This is the first batch of drill results from Machichie and more are pending. Most of the holes cut significant gold values in the saprolite material. Results include;
- RC399 which returned 23m @ 1.1 g/t gold from surface
- RC402 returned 23m @ 0.5 g/t gold from surface including 1m @ 6.6 g/t gold. The hole also intersected 7m @ 2.5 g/t gold from 30m
- RC407 drilled returned 10m @ 0.6 g/t gold from surface
- These initial drill results from the near surface oxide material at Machichie clearly indicate the presence of significant gold values in the weathered saprolite material. Initial results are comparable to those at MG. Furthermore, they suggest that there is an excellent chance of adding additional resources of oxide material to the existing oxide resource base at Cuiu Cuiu and the proximity of this material to the MG gold deposit is obviously a huge plus
- Results are still pending on 12 additional RC holes from Machichie as well as 13 RC holes from Central and nine shallower power-auger holes at MG
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