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Message: looking down the shaft

if San's plans are too deepen the { A shaft } allowing 3,000 tns/day, then alot of the future mining / development planing is all in place below A shaft. The extention would de_bottle neck the D/C shaft cutting down the handling time saving huge cost. This is below A shaft..

Howe concludes, based on well-founded historical estimation practices at the Bissett

Mine, that the mine has measured resources of 539,000 tons at a grade of 0.24 ounces

gold per ton and indicated resources of 728,100 tons at a grade of 0.27 ounces gold per

ton for a total of 1,267,100 tons grading 0.26 ounces gold per ton. Inferred resources total

734,700 tons grading 0.31 ounces of gold per ton. All of the above mentioned resources

are situated above the 4630 Level (5,370 feet below the collar of A-Shaft) of the mine in

the D and C-Shaft areas.

Within the measured and indicated resources, Howe concludes that the Bissett Mine

currently has proven reserves of 351,700 tons at a grade of 0.26 ounces gold per ton and

probable reserves of 550,000 tons at a grade of 0.28 ounces gold per ton for a total of

901,800 tons with an average grade of 0.27 ounces gold per ton. In determining this

reserve base Howe has used dilution, cutting and cut-off practices based on over 38 years

of mining on the property. All of these reserves have development drifts on the vein and

all are accessible on levels within the C and D Shaft areas of the mine.

The proven and probable reserve base is sufficient for the first 4.5 years of operation.

Howe believes that it is likely that much of the existing resource base above the lowest

level of the mine can be upgraded to a reserve category, extending the life of the mine to

eight years............................PS: SHARE price is looking way over sold..Traps7

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