Deep drilling along the Golden Mile continues to intersect mineralized quartz veining, quartz carbonate alteration and strong zones of silicification up to 35 meters thick to depths of up to 430 metres.

With 5 drills, things are still moving in the right direction although it will take longer than short term holders would like to prove this up with any realistic interpretation of what is out there, guessing up to 18 months; Kodiak's land acquisions over the whole area is the biggest hint we have of significance they are placing on this discovery.

What is in the wording?

Carbonatization: (Carbonate Minerals) Carbonitization is a general term for the addition of any type of carbonate mineral. The most common are calcite, ankerite, and dolomite. Carbonatization is also usually associated with the addition of other minerals, some of which include talc, chlorite, sericite and albite. Carbonate alteration can form zonal patterns around ore deposits with more iron-rich types occurring proximal to the deposit.

Understanding differences in geology, it is still interesting that the wording is not that far off from the press release put out in 2003 by Gabriel:

Drilling and field mapping has extended the pervasively mineralized zones of silicification to the east and west of the previous resource. Disseminated gold-silver mineralization is hosted within sub-horizontal zones hosted within reworked volcaniclastic sediments. Mineralization and associated pervasive silicification is considered to have been emplaced along a steeply south dipping east--west trending structure and horizontally out into preferentially favorable hosts layers. Thin quartz-carbonate-adularia veins are seen associated with silicification.

Here are the Gabriel's March 2006 #s and hoping that KXL are destined to get to these:

Proven and probable reserves

Gold 14,600,000 + Silver 64,900,000