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November 27, 2008
Field operations will be temporarily suspended due to uncertainty in sourcing financial resources. In early 2008, a follow-up drilling program and a review of all data and assays received to date was carried out. Work will continue in 2008 on the promising gold mineralization intercepted within the Upper Antino target to help determine the presence of a raking shoot. ICP analysis will be conducted on samples that cut the shear zone structure. Interesting assays returned from the south-western corner of the eastern grid prompted the start of an in-fill program in early 2008. A follow-up mapping and sampling effort will occur once the area dries out enough to allow safe access. There remains a number of targets at Antino that will be evaluated, once resources become available.
June 30, 2007
Work was initiated on a number of other targets, including Upper Antino, located northwest of Maripasula, T1a, located in the northern portion of Antino 1, HQ, immediately southwest of T1a and Guanaman, situated south of Upper Antino. A total of 49 holes have been drilled since the beginning of April 2007. The drill program has shifted focus towards the Upper Antino target. Mineralized zones and alteration intersected in holes ADH061 to ADH064 support evidence of plunging ore shoots and a sub-vertical mineralised plane.
March 29, 2007
Announced drilling results have been received for the first 12 holes which represent 1,845.6m of drilling. 5 holes totalling 722m of core drilling have been completed at Felice. The drilling has shown that saprolite extends to a vertical depth of 61m. Mineralization is characterized by centimetre- to submetre-scale quartz veins in a dilatant shear. Best results to date at Felice have been 6.3m @ 8.54 g/t Au, 10.5m of 8.53 g/t Au with an included 6.0m at 12.49 g/t and 18.0m of 3.53 g/t Au including 4.5m of 10.02 g/t Au. An interval of 21m at 0.47 g/t Au in hole ADH012 demonstrates potential wide intersections of lower grade gold mineralization. Except for hole ADH004 all holes have been drilled perpendicular to the inferred strike direction of the mineralization, however, the orientation of the mineralized zones is not yet well understood so it is not possible to define true thicknesses of mineralization. Horizontal channel sampling at Felice returned several high-grade intersections: 10.5 m @ 4.38 g/t Au, with an included 6m of 7.16 g/t Au, 9.0 me @ 4.71 g/t Au, 3.0m @ 4.55 g/t and 4.5 m @ 8.48 g/t Au. At Broko Laka, 7 holes have been completed for 1,123.6m of drilling. These holes were drilled to test the strike direction of the quartz vein swarm worked in the now abandoned underground artisanal workings, where museum quality specimens of visible gold hosted in quartz veins were recovered. Saprolite extends to a vertical depth of approximately 24m. Mineralization is characterized by centimetre- to submetrescale quartz veins. The cross-section provides Assay highlights for Broko Laka are 9.7m grading 2.75 g/t Au with an included 2.9m at 7.40 g/t Au. Data from auger soil sampling to a depth of 3m, scout drilling and trench sampling suggest that Felice and Broko Laka are part of a continuous mineralized system extending northwest of Felice and southeast of Broko Laka. The strike length of the suggested mineralized system is approximately 1,000m.