Roger Rosmus

We got this fabulous 100% hit rate.

Uh we expanded the model significantly about 30%.

we also determined that um it still remains open laterally and at depth.

we've certainly expanded it substantially as well as, you know, we've increased the confidence level in, you know, some of the loads

we have that jackpot showing 1.5 kilometers away which which you and the team uh were there banging rocks looking for VG

we did focus on an area about sort of 300 by 300 meters where we're going to have 25 to 50 meter spacings

Right now the footprint is uh 1.2 km of these stacked veins or shear zones and then within that it's uh the area is about 1.8 8 square kilmters

As of 2024 we uh we had over 400 pierce points in the various loads and then coming out of this season a 60,000 meter drill program uh we'll have uh about 115 holes

we have this 21 and 1/2 oz type of rock your new present, your new uh uh desk piece.

And then this uh sample here pulled 260 when it was uh last year. Um It was 39 m of uh over 34 and 1/2 g gold equivalent to see.

most of the value in our um numbers is kind of 90 to 95% is gold

the header hole was you know 5 m of you know over 22 and 1/2 g of gold that's gold only

we've got these stacked veins kind of like a layer cake, so to speak. And calcilicate altered brea uh zones kind of greeny looking rock

on an MRE we showed proved up 2 million ounces gold equivalent

we did a raise of you know 26.3 million at $430 some odd cents no warrant

the $10 million financing that we did with Mchuan Mining which Mchuan Inc.

we're kind of thinking about a 40 to 50,000 meter program again. Uh similar to this year, you know, we doing 60. Would we do another 60?

we ended December 31st, uh 2025 with $52 million of cash and liquid securities uh on the books.

we'll finish the year with a very healthy balance sheet because we still own that muon mining stock. uh we own uh 800 let's call 900,000 shares roughly. Miku in stock at 1150 per share. Stocks trading I think now at about 1950.

we are literally I mean we are funded for uh the 2026 drill program as well

And uh essentially we're fully funded for 2 years if we wanted

and also bought the NSR down for 3% to 2%.

Uh you know, potentially MRE after this season. Not promising it,

40,000 anyways probably up to 50,000 meter drill program. same uh scenario where we're looking at 80% infill, 20% expansion

64,000 meters of drilling across 110 holes with a 100% hit rate.

But from what you've seen so far in 2025, how has it changed the footprint of the Shurebed Discovery? Well, we've we've certainly expanded it substantially as well as, you know, we've increased the confidence level in, you know, some of the loads

And hopefully that's my assays maybe early July sort of thing.

We're going to mobilize before the end of the month.

we're going to start drilling in uh in June.

You recently secured full ownership of the Golddigger property while also buying down the NSR.

And uh uh debris on Alan Edwards uh but he was announced 2 weeks ago, 40-year veteran engineer.

the deepest hole to date below the valley floor is it's only like 500 meters

the area is actually about a 300 by 300 meter area. Uh, it's on Bonanza 2 and Bonanza 3. Uh with the idea we'll have uh pardon me 25 to 50 m spacings in there. Uh with the idea, they're outcropping, they would be outcropping near surface by about 75 m.

And uh with the idea, we're hoping we can show kind of like maybe a million ounces would be kind of great. Uh which would pay for capex in any mining scenario.

the Sherbet and Bonanza zones, they dip to different directions, which suggests that they might not be from the same source

I don't know if it's going to be a million ounces. Maybe it's 750,000 ounces. I don't know. It could be 1.5.

How big of a drill program are you guys planning to do this year? 50,000 m.

Um and I thought it was a bargain that we've actually um paid down the value of the stock that we issued. 3 million shares, no warrants.

Well, we have 177 million now.

We've only announced 14. Guess what? There's like another 100 and change come coming this way. Uh hopefully every couple weeks we'll be able to get like a nice kind of a bit of a rhythm.

We should have everything wrapped up here in the next uh week week and a bit, but the guys will be logging probably till at least till Halloween end of end of October.

I think we've kind of caught up now where we get a a point where a two week hopefully every two to three weeks we'll see news releases uh going probably into the new year you know January February.