• Nayarit Gold intersects 31.08 metres of 10.5 g/t gold and 333 g/t silver, or 16 g/t gold equivalent, or 960 g/t silver equivalent

• Additional intersection of 8.7 metres of 11.7 g/t gold and 1,304 g/t silver, or 33.4 g/t gold equivalent, or 2,006 g/t silver equivalent

Flagship Property

The Orion Project lies in the Sierra Madre Occidental, a prolific mining district in northern Mexico. The project hosts a series of old high-grade silver and gold mines, all of which lie in an east-west vein system. This vein system may be an unrecognized bonanza silver-gold district, similar to other Ag-Au bonanza epithermal vein districts of Western Mexico, such as Tayoltita District. Early results from Phase I drilling on the Animas Vein are pointing to bonanza potential. These types of mineral systems can extend for considerable distances and up to 1000 metres depth.

• Completed $10m financing – (July/08)
• Phase II Drill Program in progress
• 30,000m of drilling by Q1/09
• Targeting resource calculation in Q1/09 and scoping study in Q2/09

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