Hi Durban,

First, I would say that anyone who is more knowledgeable than me, is welcome to jump in and explain or add to my explanation.

VTEM Transient Electromagnetic Surveys were flown by Geotech, over Rencore's and Bold's prospective claims in November 2010. These claims are to the west, southwest of the ROF, within 100 kms of Eagle 1.

As I understand this, when completing an electromagnetic survey, a charge is transmitted into the ground, and the length off time it takes to come back to the receiver, is one of the factors indicating the conductivity of the material in the ground. At the PDAC I was told that this time constant was similar to, but slightly better than at Eagle 1.

Anyone who would like more details, should go to Geotech's website......Geotech.ca. From what I read there, there is much more to these surveys than what I have stated above.

Apparently, the Geotech people were impressed with the results themselves. Obviously, Dundee must be as well.

Regards,

Canseco