March 31, 2006 Will drill test multiple sediment-hosted gold targets this field season.
May 31, 2005 Exploration has delineated sediment-hosted gold targets at four prospects in the historic Zajaca antimony mining district. Application for the second renewal of the property is under consideration by the Ministry of Energy and Mines.
In 2004, work focused on defining the tenor and extent of the surface outcropping mineralization and alteration at the Cirevine, Bare and Krna Jela – Plandiste prospects. The Brasine target area did not yield sufficient technical encouragement for further work. In addition, the Company has reached agreement with the antimony mining company (RTB Zajaca) to review and compile the extensive documentation pertaining to past exploration and mining in the district, and to re-analyze available pulps from previous sampling programs for gold.
In Fall/03, regional exploration program delineated a number of prospective gold bearing jasperoids and antimony occurrences. The program’s 213 rock chip assay results yielded 41 anomalous gold values over 0.1 g/t and as high as 4.41 g/t along the twenty kilometer strike length of the mineralized system further confirming a district scale exploration target.
July 31, 2003 21 rock samples were collected from the property for the purposes of writing a technical report on the property. In the case of gold, 17 of 20 samples contained detectable gold and 8 contained gold exceeding 0.1 g/t. Silver, like gold, is detectable in 17 of 20 samples. Three samples contain more than 0.01g/t silver,