GRUNDTRASK

Announced drill results.Highlights include:hole #05004: 13.95 m @1.94 g/t Au and hole #06002: 5.20 m @ 4.28 g/t Au including 16.90 m @ 1.86 g/t Au.

Announced that the winter diamond drilling program has been completed on the Company's 100% owned Grundtrask area in the Skellefte Mining District, N. Sweden.Six inclined drill holes totalling 533.7 metres have been completed. Five of the holes have encountered sulphide mineralisation comprising relatively fine grained arsenopyrite, pyrite, molybdenite and chalcopyrite.

A further drilling programme was announced for the property. is resource drilling programme will be focussed on the southern extension of the "Central Gold Zone" where high gold grades recently have been reported from drilling by Beowulf. Further extensions of this zone are to be tested. Prior to starting the drill programme detailed geophysical (magnetic and VLF) surveys will be completed across the indicated extensions of the mineralisation. These surveys, which will assist with locating the drill sites, will start shortly and should be completed in the second week of October.