Anvil Zone resource block model updated on twelve-hole pattern

We have updated the Anvil Zone block model published on this site to incorporate assays from all twelve holes drilled to date. The model is inverse-distance-weighted from the assay composites, restricted to a 70 m search radius so that no block is graded from an assay further away than the drill spacing actually supports.

At a $1,950/oz gold price, $38/t mining cost, $22/t processing cost and 91% recovery — a scenario we consider conservative against three-year trailing average pricing — the resulting break-even cut-off is approximately 1.05 g/t, informing roughly 1.09 million ounces of contained gold. We would encourage anyone reviewing the figure to move the sliders themselves; the whole point of publishing the model this way is that you do not have to take our word for the assumptions.