Exhibit 99.2
Review and Recommendations
Que 1-4 Mineral Claims
Paymaster Canyon Area
Esmeralda County
Nevada, USA
Prepared by: James W. McLeod, P. Geo.
For: Tamandare Explorations Inc.
Dated: January 16, 2008
TABLE OF CONTENTS
Page
Contents 2
Illustrations 3
0.0 Summary 4
1.0 Introduction and Terms of Reference 5
1.1 Glossary 5
2.0 Disclaimer 7
3.0 Property Description and Location 7
4.0 Accessibility, Climate, Local Resources,
Infrastructure and Physiography 8
5.0 History 9
6.0 Geological Setting 10
6.1 Regional Geology 10
6.2 Local Geology 10
6.3 Property Geology 11
6.4 Deposit Type 11
6.5 Mineralization 12
7.0 Exploration
7.1 Geophysics of the Que 1-4 Mineral Claims 12
7.2 Geochemistry of the Que 1-4 Mineral Claims 12
8.0 Drilling 12
9.0 Sampling Method and Approach 12
9.1 Results 13
2
Page
10.0 Sample Preparation, Analyses and Security 13
11.0 Data Verification 14
12.0 Adjacent Properties 14
13.0 Mineral Processing and Metallurgical Testing 14
14.0 Mineral Resource and Mineral Reserve Estimates 14
15.0 Other Relevant Data and Information 14
16.0 Interpretation and Conclusions 14
17.0 Recommendations 15
17.1 Recommended Drilling 16
18.0 References 16
19.0 Author's Qualifications and Certification 16
Illustrations
Location
--------
Figure 1. Location Map, As Shown after page 4
Figure 2. Claim Area Map, 1: 62,500 after page 7
Figure 3a. Regional Geology Map, 1: 250,000 after page 8
Figure 3b. Legend to Accompany Figure 3a. after Fig. 3a.
Figure 4. Aeromagnetic Map, 1:250,000 after page 10
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0.0 Summary
The Que property consists of four contiguous, located, lode mineral claims, Que
1-4 comprising a total of 82.64 acres. Tamandare Explorations Inc., a Nevada,
U.S.A. company is the beneficial owner of the mineral claims.
The general claim area is underlain by Lower Cambrian age green siltstone and by
unconsolidated material comprised of and/or desert wash, colluvium, alluvial and
playa deposits of Quaternary age.
The bedrock units in the local area appear to be of sedimentary origin and/or
their metamorphic equivalent units. As well as observed in the float on the
surface of the claims as younger intruding or overlying plutonic (igneous) rocks
and aphanitic or fine grain-sized volcanic rock units which may have some
equivalence with the igneous rocks.
The underlying rock units exhibit a distinctive aeromagnetic pattern that could
indicate a response to deformation due to structural features, such as faulting,
folding and rock alteration. Some of the mineral claim area is drift or
overburden covered and offers exploration potential. The author feels that the
potential exists for movement of mineralizing fluids to have impregnated this
northerly trending zone. These fluids could emanate from deeper sources related
to intrusive activity and travel along structurally prepared conduits in the
underlying bedrock.
The mineral claim is favorably situated and may require geophysical surveys to
determine in more detail its potential following the initial prospecting,
mapping and reconnaissance mobile metal ion (MMI) soil geochemistry program. An
exploratory drilling program could follow the Phase 1 - 3 surveys and be
contingent upon positive results being obtained from the previous fieldwork.
The object of our initial exploration undertaking is to assess areas that may
require more detailed investigations to assist in determining their economic
significance.
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Figure 1. Location Map
1.0 Introduction, Terms of Reference
The report of "Que 1-4 Mineral Claims, Paymaster Canyon Area, Esmeralda County,
Nevada, USA", includes the property and surrounding geology, history, past
exploration and mineral potential. This report is being done at the request of
the Board of Directors of Tamandare Explorations Inc. The author of this report
is a Qualified Person. He is a registered Professional Geoscientist, #18,712 and
a member in good standing with The Association of Professional Engineers and
Geoscientists of British Columbia. The author has worked in the general area
many times during the past 35 years.
For a glossary of common geological terms used in this report it is suggested by
the author in using a computer online search engine such as "Google". Search for
"Dictionary of Earth Science Terms", then look-up the appropriate definitions.
For more specific geographic names and geological terms refer to the enclosed
definitions list in the Glossary of this report.
1.1 Glossary
(Specific to a Report on the Que 1-4 Mineral Claims, by James W. McLeod, P.
Geo. (BC), Consulting Geologist dated January 16, 2008 on behalf of
Tamandare Explorations Inc.)
Aeromagnetic survey - a magnetic survey conducted from the air normally
using a helicopter or fixed-wing aircraft to carry the detection instrument
and the recorder.
Alluvial - unconsolidated sediments that are carried and hence deposited by
a stream or river. In the southwest USA most in filled valleys often
between mountain ranges were deposited with alluvium.
Andesitic to basaltic composition - a range of rock descriptions using the
chemical make-up or mineral norms of the same.
Aphanitic - fine grained crystalline texture.
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Blind-basin - a basin practically closed off by enveloping rock exposures
making the central portion of unconsolidated alluvial basin isolated.
Colluvium - loose, unconsolidated material usually derived by gravitational
means, such as falling from a cliff or scarp-face and often due to a sort
of benign erosion such as heating and cooling in a desert environment.
Desert wash - out-wash in dry (desert) or arid areas of colluvium or
alluvial material accumulated on the sides of valleys or basin channels by
often irregular and violent water flow, i.e. flash floods.
Elongate basin - a longer than wide depression that could be favorable to
in-filling by material from adjacent eroding mountains.
Formation - the fundamental unit of similar rock assemblages used in
stratigraphy.
Intermontane belt - between mountains (ranges), a usually longer than wide
depression occurring between enclosing mountain ranges that supply the
erosional material to infill the basin.
Lode mineral claim (Nevada) - with a maximum area contained within 1500'
long by 600' wide = 20.66 acres.
Nuees Ardante or Ladu - an extremely hot, gaseous, somewhat horizontally
ejected lava, often from near the summit that accentuates the downward flow
or "glowing avalanche" because of its mobility.
Overburden or Drift Cover - any loose material which overlies bedrock.
Plagioclase feldspar - a specific range of chemical composition of common
or abundant rock forming silicate minerals.
Playa - the lowest part of an intermontane basin which is frequently
flooded by run-off from the adjacent highlands or by local rainfall.
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Plutonic, igneous or intrusive rock - usually a medium to coarser grain
sized crystalline rock that generally is derived from a sub-surface magma
and then consolidated, such as in dykes, plugs, stocks or batholiths, from
smallest to largest.
Porphyritic in augite pyroxene - Large porphyroblasts or crystals of a
specific rock-forming mineral, i.e. augite occurring within a matrix of
finer grained rock-forming minerals.
Quarternary - the youngest period of the Cenozoic era.
Snow equivalent - Approximately 1" of precipitation (rain) = 1' snow.
Syenite - Coarse grained, alkalic, low in quartz intrusive rock.
Trachyte - fine grained or glassy equivalent of a syenite.
Volcaniclastic - Angular to rounded particles of a wide range of size
within (a welded) finer grain-sized matrix of volcanic origin.
2.0 Disclaimer
The author reviewed the historical data and has personally visited the property
area. This report is entirely the responsibility of the author who based his
recommendations and conclusions on his personal experience in the general area
and mineral exploration business and upon sources of information that are
identified.
3.0 Property Description and Location
The Que mineral claims consist of 4 located mineral claims in one contiguous,
2x2 group (see Figure 2) that are listed as follows:
Name Area Good to Date
---- ---- ------------
Que 1 20.66 ac. Sept. 1, 2008
Que 2 20.66 ac. Sept. 1, 2008
Que 3 20.66 ac. Sept. 1, 2008
Que 4 20.66 ac. Sept. 1, 2008
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Figure 2. Claim Area Map, 1:62,500
The beneficial owner of the above listed mineral claim is Tamandare Explorations
Inc., Contact person, Bruno J. Mosimann, 711 S. Carson Street, Suite 4, Carson
City, NV 89701.
The Que 1-4 mineral claims (see Figure 2) comprise a total of 82.64 acres. The
mineral claim area may be located on the Esmeralda County 1:250,000 map sheet.
At the center of the property the latitude is 37(degree) 50.964' N and the
longitude is 117(degree) 28.680' W. The claims are motor vehicle accessible from
the Town of Tonopah, Nevada by traveling 22 miles south along Highway 95 to the
Silver Peak cut-off and then 27 miles southwest on the gravel road to the
Paymaster Canyon cut-off that is taken to the north for 5 miles to the Que 1-4
mineral claims.
4.0 Accessibility, Climate, Local Resources,
Infrastructure and Physiography
The Que property lies in the west central area of the State of Nevada southwest
of the Town of Tonopah and is accessible from Highway 95 by traveling south of
the Town for 22 miles to the Silver Peak cut-off that is taken to the west for
27 miles to the Paymaster Canyon cut-off that is taken to the north for 5 miles
to the property.
The area experiences about 4" - 8" of precipitation annually of which about 20%
may occur as a snow equivalent this amount of precipitation suggests a climatic
classification of arid to semi-arid. The summers can experience hot weather,
middle 60's to 70's F(degree) average with high spells of 100+F(degree) while
the winters are generally more severe than the dry belt to the west and can last
from December through February. Temperatures experienced during mid-winter
average, for the month of January, from the high 20's to the low 40's F(degree)
with low spells down to -20 F(degree).
The Town of Tonopah offers much of the necessary infrastructure required to base
and carry-out an exploration program (accommodations, communications, equipment
and supplies). Larger or specialized equipment can likely be acquired in the
City of Las Vegas lying 209 miles by paved road (Highway 95) to the south.
Infrastructure such as highways and secondary roads, communications,
accommodations and supplies that are essential to carrying-out an exploration
and development program are at hand, between Tonopah, Goldfield and Las Vegas.
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Figure 3a. Regional Geology Map, 1:250,000
Figure 3b. Legend to Accompany Figure 3a.
The physiography of the Que property is low sloping terrain to the west and the
east within the confinement of the south end of the Paymaster Canyon. Much of
this general area with many broad open valleys and spiney mountain ridges hosts
sagebrush and other desert plants on the low hill slopes. Joshua trees and
cacti, such as the prickly pear grow as far north as Goldfield. Juniper and
pinon growing above 6,500' with pinon becoming more dominant at higher
elevations. At elevations in the range of 7,500' along water courses can be
found small groves of trembling aspen.
Mining holds an historical and contemporary place in the development and
economic well being of the area.
The claim area ranges in elevation from 4,450' - 4,620' mean sea level. The
physiographic setting of the property can be described as open desert in the
valleys within a mosaic of moderately rugged mountains on the west and east well
beyond the claim boundaries. The area has been surficially altered both by
fluvial and wind erosion and the depositional (drift cover) effects of
in-filling. Thickness of drift cover in the valleys may vary considerably, but
should not be very deep because of its close proximity to bedrock. In the
general area surface water occurrences are rare, but to the immediate south of
the mineral claims is the north-end of the Clayton valley where hotsprings and
hard water wells are abundant. The water is briney and hosts one of the worlds
largest sources of the lithium.
5.0 History
The recorded mining history of the general area dates from the 1860's when
prospectors passed through heading north and west. The many significant lode
gold, silver and other mineral product deposits developed in the area was that
of the Goldfield Camp, 1905; Coaldale, coal field, 1913; Divide Silver Mining
District, 1921 and the Candalaria silver-gold mine which operated as an
underground lode gold deposit in 1922 and again in the 1990's as an open cut,
cyanide heap leach operation. The Tonopah District while mainly in Nye County is
on the edge of nearly all of the gold-silver camps of Esmeralda County, if not
strictly in location then certainly as a headquarters and supply depot for the
general area. The Tonopah Camp produced mainly silver with some gold from quartz
veins in Tertiary volcanic rocks. The period 1900-1921 saw the Camp produce from
6.4 million tons of ore, 138 million ounces of silver and 1.5 million ounces of
gold or an average of 22 oz/ton silver and slightly less than 1/4 oz/ton gold,
very rich ore by current standards.
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6.0 Geological Setting
6.1 Regional Geology
The regional geology of Nevada is depicted as being underlain by all types of
rock units. These appear to range from oldest to youngest in an east to west
direction, respectively. The oldest units are found to occur in the southeast
corner of the State along the Colorado River. The bedrock units exhibit a
north-south fabric of alternating east-west ranges and valleys. This feature may
suggest E-W compression that may have expression as low angle thrust faults on
the west and east walls of Paymaster Canyon (see Figure 3a). Faulting plays a
large part in many areas of Nevada and an even larger part in the emplacement of
mineral occurrences and ore bodies.
6.2 Local Geology
The local geology about the Paymaster Canyon which lies approximately 18
airmiles to the southwest of Tonopah, NV reveals a N-S trending, elongate or
elliptical blind-basin bounded, i.e. closed off around much of its perimeter by
rock exposures.
Throughout this outcropping ring-shaped feature are abundant, scattered rock
exposures of Lower - Middle Paleozoic carbonate and aphanitic to very fine grain
sized sediments, as quartzite, siltstone, claystone and more abundant limestone.
Some transitional metamorphic rocks are interlayered.
Jurassic and more abundant Tertiary age intrusive rocks dominate the northern
end of the canyon ring while older Lower Paleozoic sedimentary and lesser
metamorphic equivalents are more abundant in the southern part of the Paymaster
basin.
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Figure 4. Aeromagnetic Map, 1:250,000
Thrust faulting is abundant within the periphery rock exposures at the north-end
of the Paymaster Canyon with younger Ordovician limestone and shale units lying
on the older Lower Cambrian sedimentary rock units. The oldest meta-sedimentary
units can be overlain by granitic rocks of Jurassic age or Tertiary age volcanic
rock of andesite to rhyolite composition.
The outcrops partially surrounding or flanking the alluvial covered valley
underlying the mineral claim area suggests mineral occurrences or structurally
prepared bedrock could be sought after in those areas.
6.3 Property Geology
The geology of the Que property area may be described as being underlain by
Precambrian - Lower Cambrian sediments and their metamorphic equivalents and
partially covered by Quaternary and/or desert wash, collovium, alluvium and
playa deposits. This young covered basin within a larger surrounding area of
rock exposure and known mineral occurrences exhibits a good geological setting
and an excellent target area in which to conduct mineral exploration.
6.4 Deposit Type
The deposit types that are found occurring in the regional area and the more
localized areas vary considerably. Silver and gold quartz veins predominate at
Tonopah. Some of the most productive veins represent the silicification and
replacement of sheeted zones of trachyte that was originally marked by close-set
parallel fractures, but not faulting. The two hosts of mineralized quartz veins
are 1) older pre-Tertiary volcanic rocks, i.e. Silver Peak (Mineral Ridge area),
Weepah and Hornsilver or 2) Tertiary rhyolite host rocks that occur at Tonopah
and other younger volcanic rocks, i.e. Goldfield and Divide. Base metal deposits
are more commonly of interest now than in the past and many prospects occur in
the general area. The industrial mineral barite that is observed to occur either
in vein or bedded types has been recognized in the general area.
Geophysical techniques may be most effective in the covered areas as a follow-up
to prospecting and MMI soil sampling of the Phase 1 program.
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6.5 Mineralization
By far the largest production in the County comes from the vein-type of gold and
silver occurrences in quartz fissures vein replacement in either pre-Tertiary
volcanic or Tertiary volcanic host rocks.
7.0 Exploration
7.1 Geophysics of the Que 1-4 Mineral Claims
The aeromagnetic results shown in Figure 4 are from a survey after U.S.G.S. map
GP-753.
The Que property is seen to lie between two slightly magnetic high lobes. The
change in gradient in the claim area suggests an in-filled basin feature i.e. a
possible northerly trending and southwest dipping feature that possibly reflects
a rock contact or alteration zone. Ground geophysical surveys may add more
detail to our understanding of the possible potential of the claim area.
7.2 Geochemistry of the Que 1-4 Mineral Claims
To the best of the authors' knowledge, the Que 1-4 property has not undergone
any detailed ground exploration work including geochemistry which may have
usefulness in this area.
8.0 Drilling
No drilling appears to have taken place on the area covered by the Que mineral
claims.
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9.0 Sample Method and Approach
Standard sampling methods are utilized, for example a rock sample would be
acquired from the rock exposure with a hammer. The sample will be roughly
2"x2"x2" of freshly broken material. The sample grid location is recorded with a
global positioning system (GPS) that is marked in the logbook after a sample
number has been assigned. The sample number would be impressed on an aluminum
tag and on a flagging that will be affixed at the sample site for future
location.
9.1 Results
As exploration work could be conducted and assessed, a decision would be made as
to its importance and priority. The next phase of work will be determined by the
results from the preceding one. At this point, it is necessary to suggest that a
three phase exploration approach be recommended.
10.0 Sample Preparation, Analyses and Security
Our rock exposure samples would be taken with known grid relationships that have
been tied-in with a hand held global positioning system (GPS).
The samples would be in the possession of the field supervisor of the
exploration project.
1) The standard approach of seeking and sampling the 'B' horizon, (the rusty,
oxidized and possibly enriched zone). The samples most often undergo standard
acid digestion, multi-element analyses by the induction coupled plasma (ICP)
method and the atomic absorption (AA) method for the detection of precious
metals with back-up analyses and/or assaying of anomalous samples to acquire
more detail.
2) The relatively new and proprietary method called mobile metal ions (MMI) may
be very useful in our exploration endeavors. The samples in the desert climates
are taken consistently from between 8" and 10" in the soil layer below the
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organic zone. The samples undergo selective digestion with subsequent analyses
for the chosen metal package, but most likely the standard multi-element package
with gold would be undertaken. The cost of taking the MMI sample and the
analyses are more expensive than standard method, but some studied results have
been encouraging. All analyses and assaying will be carried-out in a certified
laboratory.
11.0 Data Verification
Previous exploration has not been conducted on this mineral claim area by the
author, but its good geological setting and interesting aeromagnetic data
encourages the recommendation to conduct exploration work on the property. The
author is confident any information included in this report is accurate and can
be utilized in planning further exploration work.
12.0 Adjacent Properties
The Que 1-4 mineral claims occur in a general area that possibly has undergone
some prospecting in the past. The general area has known barite occurrences, as
well as, gold and silver potential. The Que property does not have immediately
adjacent mineral properties.
13.0 Mineral Processing and Metallurgical Testing
No mineral processing or metallurgical testing analyses have been carried- out
on the Que property.
14.0 Mineral Resource and Mineral Reserve Estimates
No mineralization has been encountered to date by the author and no calculation
of any reliable mineral resource or reserve, conforming to currently accepted
standards, could be undertaken at this time.
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15.0 Other Relevant Data and Information
All relevant data and information concerning the Que property has been presented
in this report.
16.0 Interpretation and Conclusions
The object of the recommendations made in this report are to facilitate in the
possible discovery of a large, possibly lower grade mineral deposit of base
and/or precious metals or other minerals of economic consideration that have
open pit and/or underground mining potential. If such a deposit exists, it may
occur under the drift or overburden covered areas of the Que 1-4 mineral claims.
17.0 Recommendations
The author believes that the known mineralization encountered to date in
neighboring areas is possibly indicative of a larger mineralized system in the
general area. The drift covered parts of the property offer good exploration
targets because of the possibility of mineralization, good geological setting
and generally a lack of exploration testing. Also, remote sensing such as
aeromagnetics may indicate possible exploration areas of interest within the Que
1-4 mineral claims.
Detailed prospecting, mapping and reconnaissance MMI soil geochemical surveys of
the claim area should be undertaken if and when the Company is in a position to
do so. The following three phase exploration proposal and cost estimate is
offered with the understanding that consecutive phases are contingent upon
positive and encouraging results being obtained from each preceding phase:
Phase 1
Detailed prospecting, mapping and soil geochemistry.
The estimated cost for this program is all inclusive $ 8,500
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Phase 2
Magnetometer and VLF electromagnetic, grid controlled
surveys over the areas of interest determined by the
Phase 1 survey. Included in this estimated cost is
transportation, accommodation, board, grid installation,
two geophysical surveys, maps and report 9,500
Phase 3
Induced polarization survey over grid controlled anomalous
area of interest outlined by Phase 1&2 fieldwork. Hoe or
bulldozer trenching, mapping and sampling of bedrock
anomalies. Includes assays, detailed maps and reports 25,000
-------
Total $43,000
17.1 Recommended Drilling
No recommendations for drilling on the Que 1-4 mineral claims can be made at
this time. If the exploration were to proceed through Phase 3 this decision
could then be made.
18.0 References
Alders , J.P. and Stewart, J.H.: Geology and Mineral Deposits of Esmeralda
County, Nevada. Bulletin 78, Nevada Bureau of Mines and Geology.
Hildenbrand, Thomas G. and Kucks, Robert P., 1988: Total Intensity Magnetic
Anomaly Map of Nevada. Map 93A, Nevada Bureau of Mines and Geology.
Lincoln, Francis Church, 1982: Mining Districts and Mineral Resources of Nevada
with Map of the State of Nevada (Mineral Occurrences), U.S.G.S. compiled in
1921-22, but to current County boundaries.
Papke, Keith G., 1984: Barite in Nevada. Bulletin 98, Nevada Bureau of Mines and
Geology.
Plouff, Donald, 1990: Aeromagnetic Map of Nevada, Tonopah Sheet, Nevada Bureau
of Mines and Geology.
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19.0 Author's Qualifications and Certification
I, James W. McLeod, P. Geo do hereby certify as follows:
1.0 I am currently self-employed as a Consulting Geologist with an office
located at 4590 Deodar Road, Silver Springs, NV 89429.
2.0 I am a graduate of the University of British Columbia (1969), B. Sc.
(Major Geology).
3.0 I am a member in good standing of The Association of Professional
Engineers and Geoscientists of British Columbia and a Fellow of The
Geological Association of Canada.
4.0 I have worked as a geologist for a total of 37 years since graduation.
5.0 I have read the definition of "qualified person" set out in National
Instrument 43-101 ("NI 43-101") in Canada and certify that by reason
of my education, affiliation with a professional association (as
defined in NI 43-101) and past relevant work experience, I fulfill the
requirements to be a "qualified person" for the purposes of NI 43-101.
6.0 I am responsible for the preparation of sections 1 to 19 of the
technical report titled "Review and Recommendations, Que 1-4 Mineral
Claims, Paymaster Canyon Area, Esmeralda County, Nevada, USA." dated
January 16, 2008 (the Technical Report) relating to the Que mineral
property.
7.0 I have had prior involvement in the general area and specifically the
areas north and south of the Que mineral claims.
8.0 I am not aware of any material facts or material change with respect
to the subject matter of the Technical Report that is not reflected in
the Technical Report, the omission to disclose which makes the
Technical Report misleading.
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9.0 I am independent of the issuer and have neither interest in the Que
1-4 mineral claims nor Tamandare Explorations Inc.
10.0 I have read National Instrument 43-101 and Form 43-101F1, and the
Technical Report has been prepared in compliance with that instrument.
11.0 I consent to the filing of the Technical Report with any stock
exchange and other regulatory authority and any publication by them,
including electronic publication in the public company files on their
websites accessible by the public, of the Technical report.
Dated at Silver Springs, Nevada this 16th Day of January 2008.
/s/ James W. McLeod, P. Geo.
-------------------------------
James W. McLeod, P. Geo.
Qualified Person
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