March 21, 2006 The company filed a technical report including a mineral resource and reserve estimate on the property.
September 2, 2005 Released the results of the phase I exploration program. Surface sampling, mapping and prospecting at the Sneaker zone in 2005 have confirmed the presence of high-grade gold values from mineralized quartz veins, expanded the area of prospective mineralization and identified extensions to known zones. A total of 212 bedrock samples were collected from the Sneaker zone of which 51, or 24%, assayed greater than 1 g/t Au and returned a high value of 122 g/t Au. New indications for the potential of copper mineralization have been returned from the UPEG Saddle zone, where altered (trachytic) granites with disseminated-sulphide mineralization return assay values ranging from anomalous to 2.05% Cu and 75 g/t Ag. Prospecting and sampling completed in the PW area returned bedrock gold values from silicaaltered schist and massive-sulphide lenses ranging from 2.1 to 8.6 g/t Au, and a single sample from a quartz vein grading 50.7 g/t Au. Technical difficulties encountered in coring at the Sneaker zone resulted in diamond drilling being halted prior to the completion of the planned program. Three holes totalling 462 m were drilled, however, none of these holes reached their targeted depths. As a result, the high-grade gold mineralization identified at surface remains untested by drilling.
June 28, 2005 Commenced the 2005 diamond drilling program. The Phase 1 program will consist of 9 drill holes totaling 1,500 metres planned to test the Sneaker Zone. This initial drilling at “Hajd” will start on the south end of the Sneaker Zone.