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October 31, 2006
Has completed phase 4 drilling based on downhole Mise-a-la-Masse and induced-polarization (IP) surveys conducted by Gradient Geophysics earlier this year. The geophysical surveys indicated several prospective anomalies within possible Paleozoic basement rock. Three prospective targets were delineated through interpretation of the 3-D modelling of this survey. The targets are faults and fault intersections cutting metamorphozed Paleozoic sediments and porphyry.
September 7, 2006
Announced the discovery of polymetallic gold-silver-copper-lead-zinc mineralization on the property. Five holes had been drilled to test the eastern edge of an induced polarization (IP) anomaly.
July 7, 2006
An arbitration was expected to commence soon in connection with the joint venture agreement.