BONFIM NORTE E SUL

Fieldwork was to continue to prepare for diamond drilling to take property to feasibility. A recent trenching and sampling program. The fieldwork completed confirmed the gold mineralization in the sixth skarn level, which is considered the most important skarn horizon because of its 35-m thickness, which if materialized would mean there is high potential to host a major gold deposit. The samples collected in one outcrop of that horizon brought high-grade gold results averaging 13.66 g/t Au.

The prefeasibility that was prepared this year indicated a measured and indicated reserve of 102,000 ounces Au equivalent, and resources of over 2.0 million ounces Au and 38,000 tons of tungsten which is equivalent to approximately 735,000 ounces of gold.

Fieldwork was to continue to prepare for diamond drilling to take property to feasibility. A recent trenching and sampling program. The fieldwork completed confirmed the gold mineralization in the sixth skarn level, which is considered the most important skarn horizon because of its 35-m thickness, which if materialized would mean there is high potential to host a major gold deposit. The samples collected in one outcrop of that horizon brought high-grade gold results averaging 13.66 g/t Au.