June 30, 2006 Following the complete examination of all existing sampling and geophysical data the company has determined the property has little residual potential to host diamondiferous kimberlites, consequently no further exploration for diamonds is planned. The company is assessing the properties potential to host base metal and gold deposits, future plans for this property will hinge on the results of this analysis.
Exploration by the company in the fall of 2003 and winter/spring of 2004 consisted of a 14,529 line-km Falcon™ System survey, ground geophysics covering 18 grids on 19 anomalies, and drilling of 6 anomalies. No kimberlites were encountered in these holes. In the late summer/fall of 2004, anomaly prospecting and some indicator mineral sampling was completed. Future work on the property will include additional indicator mineral sampling, ground geophysical surveys of priority Falcon™ System anomalies, a review of the base metal and gold prospects and drilling, if warranted.(Dec/05)
