The headline hole 192 of 152m of 1.51 g/t is certainly eye catching. Combine this with the fact that the hole was in line with hole 167 (6k g/t) and that the 2 wedge holes identified over 50m on each side and we have a pretty good volume of rock here. Hole 192 though hit mineralization further south then where hole 167 hit. If I was choosing the next hole, I would back up the drill on the other side of the road,maybe about 100m from where hole 167 was collard and drill another hole with the same 75 degree dip in the same direction. I am sure the gold does not stop at the road and we have never drilled this deep on the other side of the road.

The grade again seems to increase at depth and the grade also seems better near the road. I am wondering if the grass is greener on the other side?

The other thing of interest is that Larry Hoover told me that historical records indicated that there was an outcrop about 150m on the other side of the road which would confirm that the gold does not stop at the road.

The dissapointing thing for me was the 88zone. The grades there were low and there was not big sections. However, it was the first time I heard the company talk about a U shape deposit there so the modelling may suggest that more drilling is necessary there before giving up on this area.

The junior market has been just awful and some are predicting that gold is heading lower and yesterday, it sure looked like they could be right as we went back under $1630 but right now, we are back over $1650 and up $10 for the day, $2 for 30 days and $158 for the year. Until we break $1680 though, I think we are just in a trading range.

Glorieux