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The Railroad Project Plan of Operations approved by the Bureau of Land Management (BLM) December, 2012 allows up to 200 acres of disturbance on the public lands in addition to the previously permitted alternating private sections permitted through the Nevada Department Of Environmental Protection. As a result the vast majority of the Bullion Fault, sufficient for a major drill campaign along the Bullion Fault Corridor, is fully permitted.
Please see table below for detailed significant Intercepts for North Bullion Fault Zone.
---------------------------------------------------------------------------- Intercept Thickness Grade Intercept Thickness GradeRR12-13 (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 347-393 46 0.026 105.8-119.8 14 0.892---------------------------------------------------------------------------- 909-1083 174 0.02 277.1-330.2 53.1 0.686---------------------------------------------------------------------------- 1193-1263 70 0.02 363.7-385.0 21.3 0.686-------------------------------------------------------------------------------------------------------------------------------------------------------- Intercept Thickness Grade Intercept Thickness GradeRR12-15 (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 212-306 94 0.012 64.6-93.3 28.7 0.412---------------------------------------------------------------------------- 441-517 76 0.016 107.0-157.6 23.2 0.549-------------------------------------------------------------------------------------------------------------------------------------------------------- Intercept Thickness Grade Intercept Thickness GradeRR12-18 (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 804-824 20 0.011 245.1-251.2 6.1 0.377---------------------------------------------------------------------------- 903-1037 134 0.023 275.3-316.2 40.9 0.789---------------------------------------------------------------------------- 1568-1596 28 0.033 478.1-486.6 8.5 1.132-------------------------------------------------------------------------------------------------------------------------------------------------------- Intercept Thickness Grade Intercept Thickness GradeRR12-19 (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 842-881 39 0.013 256.7-268.6 11.9 0.446---------------------------------------------------------------------------- 1161-1187 26 0.038 354.0-361.9 7.9 1.303---------------------------------------------------------------------------- 1742-1764 22 0.008 531.1-537.8 6.7 0.274---------------------------------------------------------------------------- 2027-2050 23 0.01 618.0-625.0 7 0.343----------------------------------------------------------------------------RR12-20 No Significant Gold Interval greater than 20 feet-------------------------------------------------------------------------------------------------------------------------------------------------------- Intercept Thickness Grade Intercept Thickness GradeRR12-24 (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 293-312 19 0.022 89.3-95.1 5.8 0.274---------------------------------------------------------------------------- 867-898 31 0.017 264.3-273.8 9.5 0.583---------------------------------------------------------------------------- 923-1055 132 0.039 281.4-321.6 40.2 1.34----------------------------------------------------------------------------including 1005-1055 50 0.072 306.4-321.6 15.2 2.47----------------------------------------------------------------------------RR12-25 (Hole Intercept Thickness Grade Intercept Thickness Grade lost at 1406.5) (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 1,152-1,174 22 0.012 351.2-357.9 6.7 0.411-------------------------------------------------------------------------------------------------------------------------------------------------------- Intercept Thickness Grade Intercept Thickness GradeRR12-27 (ft) (ft) (oz/st) (m) (m) (g/t)---------------------------------------------------------------------------- 496-551 55 0.057 151.2-168.0 16.8 1.955---------------------------------------------------------------------------- 870-890 20 0.014 265.2-271.3 6.1 0.48---------------------------------------------------------------------------- 959-1,007 48 0.011 292.4-307.0 14.6 0.377---------------------------------------------------------------------------- 1,037-1,087 50 0.022 316.2-331.4 15.2 0.754----------------------------------------------------------------------------(i)note: the gold intervals reported in the above table are based on a 0.300g Au/t (0.008 oz Au/st) cutoff. The reported gold intervals may, or may notrepresent true thicknesses and, or widths. In general, the gold distributionwithin these large, complex tectonic and collapse breccia bodies tends to beirregular and determinable by grade breaks only.
