They have exposed Snow White-yes she is naked! They are looking at doing a bulk sampling of Snow White/88 zone. They have trenched 80 m by 5 m and will be bulk sampling this area. Snow white has had more VG than any other structure they have drilled so far, the little assays we have back from Snow White are the best we have seen so far and the longest intercept of quartz/diorite with VG that we have is from Snow White.

The company believes it will grade better than Timmins 1 and will come in bigger than Timmins1. The 45M tons number has been discussed a few times and 5g/t is what is the current thinking from the VG and the very few assays they got back from Snow White. If this works out, that would represent about 7M ounces starting from surface...lots of ifs here again and after today, this stock is not for the faint of heart but I still believe in the fundamentals here and believe this selling was way over done. This does not mean we will not get more selling tomorrow but I think the smart money may be looking to accumulate now that they have had time to analyse the situation.

Glorieux