Peter Smith filled us in on several details.

1. 1 million and half on hand.

2. They are expecting assays hopefully within the next month.

3. They are going to further identify and continue drilling their last nickel hit on a diagonal drill to see if they can further identify the length of the Nickle ore body.

4. Upon completion of #3 Fancamp is going to move the drill further south east to explore the next ore body.

5. Peter Smith has a good relationship with John Harvery from Noront. Peter Smith also commented on Noront doing an excellent job on the exploration of Mcfaulds.

6. Peter Smith also has a good relationship with the aboriginals. He recently hired the drill company that comes from the same area. He would like to contribute in opening doors and provide them with employment opportunities within the mining exploration field.

7. There seems to be a confident feeling that crome also exists on Fancamps property. If so, Peter seems to think that it would be a "savior". Peter Smith has no objection in joining forces with Freewest/SPQ and Noront concerning the cromium. He feels that this would make it very attractive for any major that is interested.

8. The director of Magpie was also present and Magpie was shortly discussed. It was mentioned that they should consider focusing on Magpie due to some good results. IMHO The Ring Of Fire has much more exposure and huge potential if we hit.

9. Peter Smith's intension is to continue the drilling at Mcfaulds.