March 21, 2008 Announced that diamond drill hole NEOL – 07 has been completed After cutting shallow pyritic breccia the drill penetrated the Coconino sandstone at 823 feet and then entered the Hermit shale at 893 feet. Drilling continued on to a length of 930 feet. A small amount of finely disseminated pyrite, common in this environment, was encountered in the Hermit Shale.
February 12, 2008 Announced that diamond drill hole NEOL-05 has penetrated the northeast wall of the Neola breccia pipe, penetrating and testing a surface geochemical anomaly as well. The surface projection and the depth of the 45 degree angle drill hole has a length and depth of 360 feet.
January 9, 2008 Reported tha it has drilled or washed out 2,255 feet of hole with an average penetration rate of 161 feet per shift, during the month of Decem. Intervals of bleaching, alteration, disseminated and vein iron pyrite and a five foot interval of collapse breccia, with fine disseminated iron pyrite in the matrix, were encountered.