Ball Mill Nov 17th - Next step Gold PourUpdate on Livramento Gold Project Valterra recently announced that it had commenced a 5,000-tonne bulk sampling program at the Livramento Gold Project to better evaluate the grades of the existing vein system on the property (see NR-11-20, October 13, 2020). In the last two weeks the team has dewatered two of the existing four open pits with particular focus on Priority 1 and Priority 2 pits. Priority 1 is a narrow pit that appears to be the highest in grade. Bulk sampling has commenced in both pits with the material sampled and assayed to determine feed grades and stockpiled at the Livramento mill ready for processing. An initial test run of the mill was complete on Sunday the 8thof November using just the 2 hammer mills. The team is waiting on the arrival of 7 tonnes of steel balls so that the existing ball mill can be included in the circuit. The ball mill is expected to be in operation by the 17thof November to allow the first batch of bulk sample to be processed. A gold pour is expected in the next two weeks. A second ball mill was delivered on site on the 12thof October and will be added to the circuit in the next 2 months, which will increase the hourly milling rate to 60 tonnes. The workforce has increased from 10 to 18 with 5 of the 18 trucks now in operation and 2 of the 3 diggers collecting bulk samples in pits 1 and 2. The eventual workforce is expected to reach 40 once the operation is running on 3 shifts over a 24 hour cycle. So far, the best day saw some 3,500 tonnes of both ore and overburden material moved by the fleet. Management is confident this run rate will continue to improve as the fleet utilization and workforce gradually grows. Exploration trenching on the 250-hectare property has also commenced in various locations to test the continuation of the vein system. Material from each trench will be assayed and individually processed through the mill to ascertain the recovered grade and to identify potentially economic mineralization. A trench spanning some 80 metres was excavated on the 10thof November. This trench is some 400 metres from the closest existing trench and will be assayed and processed through the mill to test if there is a continuation of the primary mineralized vein. Management believes that trenching is a very fast and cost-effective method to better understand the structure of the mineralization on the property and to access the highest grading mineralization for near-term processing. About Valterra