Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Metallurgical testing

Here was the table of results for the gravitation only:

                           GRAVITY TEST RESULTS SUMMARY
                                                    
                                    Gravity conc.   Recovery   Gravity tail       Head  
Sample    Test         K80       Wt.        assay         Au         assay*      calc.
               micrometres         %      Au, g/t          %        An, g/t    Au, g/t

Comp 1      G1          93     0.035         2710       84.8           0.17       1.12
Comp 2      G2          67     0.050         7899       92.3           0.33       4.27
Comp 3      G3          82     0.061         1039       87.6           0.09       0.73
Comp 4      G4          65     0.066          764       83.6           0.10       0.61
Comp 5      G5          67     0.093         1099       54.7           0.85       1.88

Now, the average here was 80.6% recovery by gravity only.  However, the 54.7 number 
seemed way off and there is a reason for that!  The first 4 results were from quartz diorite
which is where most of our gold is located.  The 54.7% recovery was from the 
volcanoclastics rock and that explains the difference.  If we were to only look at the gold 
in our quartz diorite, our average would be an ever better 87%.
I am not dissapointed in the NR this am but I am in the reaction from the share price.  However
this could be part of a game to bring accumulate at better prices.

Glorieux
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