June 30, 2005
China National Gold Company (previous owners) identified gold resources and commenced small scale heap leach production in 2005. Exploration to date has focused on the surficial oxidized material which CNGC has defined by systematic trenching every 40m along the strike of the mineralized trend, plus two exploration adits and several shallow drill holes. The Company has reviewed the information supporting the CNGC resource estimation and has identified a JORC Code compliant pre-mining Inferred Resource estimate in three separate lense. Additional drilling and sampling will be required to elevate the resource classification to the Indicated and Measured Resource categories, which are the categories required to sustain an Ore Reserve estimation.
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