February 23, 2006
Reported that the 2006 work plan is designed to complete a magnetic survey over the existing geochemical anomalies, and to complete 4500m of core and reverse circulation drilling as a first pass drill program. Work will also continue at the Mahmur Tepe project where the target is high density, near surface gold bearing fractures and quartz veins. During 2005, a soil geochemical survey resulted in Au values greater than 1 g/t in soils coincident with a strong magnetic anomaly. The extent of the Au anomaly is approximately 1,500 x 1,000 m, and coarse crystalline Au has been panned from soils. The 2006 work plan consists of trenching and 1,500m of core drilling.