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Message: UPDATE

1) we were on holes 39 and 40, 2 days ago.

2)received nothing from prodeco, were supposed to start drilling on the coal project the first week of aug, now that changed to the last week of aug. received no results from the other phase of drilling yet either.

3)not sure if third drill is drilling yet or not, they were waiting for some part of it to arrive last week.

4) have assays back for hole 24 and a couple more, probably not enough yet for a nr but it depends on what Rob decides. She said that they try to release drill news every 4 to 6 weeks, unless a suprise happens.As I mentioned in a previous post that there may not be a drill release until another 1 to 3 weeks, hope I am wrong!

5) The .75 employee stock options that were granted in the last nr cannot be started to be exercised until 6 months from that date. I was previously under the assumption that they could have been exercised on the day they were announced.

6) we are currently working on the permits to drill Vetas, I got a feeling they may be close.

7) The project manager has been away for a week, hence the lack of update on the drilling.

Not much of an update but its all we got right now. I dont like seeing our sp drifting lower, especially on an up day for gold. I hope we see some institutional buying in the next few weeks as everyone gets back from summer vacaton. Im curious, can somebody watch the buying and report on who it is? I have seen some funny trades the last week but dont know who scooped up the shares. PATIENCE REQUIRED

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