Drill hole UDH2081A is located within the Swan inferred mineral resource approximately 70 m down-plunge of the Swan mineral reserve. The drill hole is oriented subparallel to the Swan dip surface and returned a significant
intercept of 338 g/t gold (1)(2) over 33.6 m (estimated true width (ETW):
4.6 m), including 4,177 g/t gold (1)(2) over 0.95 m (ETW: 0.1 m), 3,079 g/t gold (1)(2) over 0.65 m (ETW: 0.1 m),
1,037 g/t gold (1)(2) over 3.55 m (ETW: 0.5 m)
and 714 g/t gold (1)(2) over 1.85 m (ETW: 0.3 m).
The drill intercepts for holes UDE138 and UDH2084D occur on 6,350 mN and 6,325 mN, respectively, and are 80 to 90 m down-plunge from the Swan mineral reserve.
Significant results of 11.4 g/t gold (1) over 18.65 m (ETW: 18.0 m),
including 42.1 g/t gold (1) over 3.65 m (ETW: 3.5 m), are reported in hole UDE138.
Drill hole UDH2084D is oriented subparallel to the Swan dip surface and returned 42.9 g/t gold (1) over 49.5 m (ETW: 3.6 m),
including 244 g/t gold (1) over 6.25 m (ETW: 0.5 m),
1,856 g/t gold (1) over 0.6 m (ETW: 0.04 m)
and 618 g/t gold (1) over 0.5 m (ETW: 0.04 m).
The results for the above three holes confirm that the approximate 40-degree west-dipping Swan zone is continuously mineralized southwards down-plunge, where high grades exist and are associated with observed disseminated visible gold in quartz.
Drill holes UDE136 and UDE145 were recently drilled and returned intercepts that fall between 4,090 mRL and 4,070 mRL and have the potential to support approximately 30 m of mineral reserve extension at these elevations.
Significant results for these holes comprise 7.1 g/t gold over 13.8 m (ETW: 12.3 m),
including 25.4 g/t gold over 2.85 m (ETW: 2.3 m),
in hole UDE136 and 7.1 g/t gold (1) over 8.15 m (ETW: 7.9 m),
including 16.6 g/t gold (1) over 1.45 m (ETW:
1.4 m), in hole UDE145.