Reported findings of a an investigation and analysis to determine an independent opinion on
the fair market value of the exploration right. It is reported that geological work has been conducted in this area since late 1950s and early 1960s. Activities undertaken from 2000 to 2008 include: drilling of 1560.6 m/4 holes; costean of 289.40 m3; geological survey of 8.19 km2; (high-precision magnetic survey for geophysical prospecting of 6.48 km2; direct current composite profiling of 1.76 km, with a point-to-point distance of 20 m and work finished in respect of 90 points;(induced polarization intermediate gradient of 1.86 km2; induced
polarization composite profiling of 80 points; induced polarization survey of 15 points; and controllable source survey of 220 points. Two perspective mining areas have been delineated and it is revealed that enlarged fractured zone located at -500m ~ -600m height level in the exploration area
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