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Message: Dry hole was a probable blessing in disguise !

As primed 24 said, they had to drill 2 holes to see which way the fault went.

A probable interesting element in yesterday's news release was what it "did not" say. Had they hit gold, in what turned out to be a dry core sample, it likely would have meant that the fault line went in a direction we wouldn't want it to go, under the river. That would have posed some future exploring, mining, and permitting problems, I would think. So, I am grateful the test bore showed what it did: no gold! The other drill hole seems to show which way the fault goes, all of which is a blessing in disguise.

The Friday Petsite deposit remains open in multiple directions. We still don't know where it all ends. We have added 15% more to the resource zone. That also is significant. The other 3 drill holes yielded good gold in new locations with much more to come.

As for grade, the potential overall size of the multiple deposits is important when computing bulk tonage to be mined. Low grades are not shunned in large mineable bulk land masses, as one might accidently surmise. Juniors and Majors, if they are indeed watching, will be calculating ounces down to .25 g/t or lower. At about .25 g/t I suspect, if I'm not mistaken, we have something along the order of close to 1.5 million ounces of gold (+or-) as of the last 43-101. The more the better, even at lower grades, if need be. All is well, I think, and I'm personally grateful for the dry hole. The sell off knee jerk reaction seems to have been ill advised. I'm glad for those who were lucky to be able to buy shares at today's bargain prices. Congratulations.

marwal

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