Spacing of exploration drill holes is close enough to establish mineralization trends and continuity. Drill hole samples are analyzed using fire assay procedures. Geometry and quantity of mineralization have been calculated using established geostatistical methods. Finally, an open pit has been designed following the Lerchs-Grossman optimization as closely as possible. Ore reserves are obtained by calculating the grade and tons of all blocks within the designed pit which have grades higher than the mining cutoff.
Golden Cycle expects no material changes from the audit.
This letter includes forward-looking statements involving risk and uncertainties that could cause actual results to vary materially from projected results.