Recently I asked Chad what are the cut off grades for drilling. His answers shown below will give you a better understanding of both today's assay reports and well as past assay reports for holes drilled at Cove McCoy:

"Based on my experience, in general (there are many variables such as ground conditions, ore widths, etc) underground mines in Nevada need about 0.15 ozs/ton or more to justify extraction -- this is the "cut-off grade" -- and open pit mines need 0.015 ozs/ton or more (again assuming decent metallurgy, etc). The average grade is usually much higher.

The assays we reported today were significant at this stage of our exploration campaign. A large company would not even report a discovery unless they had more than 10 holes in it (sometime even more than 50 holes). It's still VERY early days for us. I think most people don't realize this.

Further, deeper Nevada orebodies are notoriously difficult to define from surface. I seem to recall that Placer had 18 drills at Getchell early on. Another good example is Jerritt Canyon where they justified an underground mine on 200,000 ozs or so about 20 years ago and are still mining after 3 mm ozs have been extracted.

The bottom line is that we have wide areas of anomalous gold mineralization and have reported very solid grades in some holes. We know that the Helen Zone is something special."