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Message: Ontario property

Ontario property

posted on Feb 18, 2008 08:48AM

Greengas,

AS far as I know we are still waiting for the update mentionened in last press release of 2007 regarding Y D.  With all of the emphisis on the Aultrailian purchase maybe this has been delayed.

In regards to their Young-Davidson property it was reported that total gold resources on the property including those mineable by open pit methods is now 2.34 million ounces According to Ken Stowe, President… 

"The exploration team at Young-Davidson continues to achieve outstanding results. The continuity of the mineralization in the four main zones is excellent, which supports our concept of low-cost, large-scale bulk underground mining for the project. Given the drilling success in 2007, we expect to see another significant increase in gold resources for the project once the new resource update is completed next month, which will have a positive impact on the Pre-Feasibility Study for the project."

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