BABS

Assays were received for samples from diamond drilling. The objective of this phase of drilling was to better define the size and orientation of the copper mineralization encountered in previous drill programs. A total of 1048 m of drilling in 7 holes were completed in the first phase of drilling. Mineralization was encountered in 6 out of 7 holes drilled. DDH 08-6 was offset 25m from DDH 93-08, which reportedly returned 0.21% Cu over a drilled width of 10.4m, with lower grade mineralization extending another 19.5m. Preliminary results for DDH 08-6 indicate 0.21% Cu over a drilled width 76.4 m, though 5.1 m of core within this interval were submitted for whole rock analysis and have not yet had assays returned. DDH 95-13 reportedly returned 0.34% Cu over a drilled width of 12.2m. DDH 08-2 was offset 50m from DDH 95-13 and encountered 0.16% Cu over a drilled width of 59.6 m. Further drill results were provided.

The MMI soil geochemistry survey, which was centred on the boulder train was completed over a 57.5 km grid and consisted of 1027 samples. The samples have been submitted for analysis with results expected in late July. Seven diamond drill holes for 1048 metres were completed. Chalcopyrite mineralization, similar to mineralization found in the drill logs of previous programs, occurs in six of the seven holes drilled. Previous drill results reportedly intersected up to 77.8 metres of copper mineralization which assayed 0.19% copper. Core samples have been submitted for analysis with results expected by the end of July.

A work program commenced. An exploration program of MMI soil geochemical surveys and a diamond drilling will commence to target a Granisle/Bell type copper-molybdenum porphyry deposit. The soil survey would include a topographically low area northwest of the boulder train from which the boulder train may have originated. Up to a 2,500 metre diamond drill program would be initiated to test to confirm the previously reported drill results and to test any prime soil anomalies that may be delineated.