The SW extension and Lovell Lake prelim exploratory drilling is great as it confirms there is likely more gold on this property yet to be discovered but the highlight of this NR IMO was once again the infill drilling and that "These and other drill holes reported below document thick intervals of gold mineralization that were not included in previous Magino gold resource estimates". Remember, these 'infill' holes that many often dismiss are what added 1 million or so open-pittable ounces at 0.5 g/t in 2011 alone. A 200m intercept at 1.27 g/t Au (and other relatively high grage holes here) that were previously not included in resource estimate will add significant ounces with simple resource update. The other exploration areas will obviously required some more work but they did what they were supposed to do, confirm possibility of more gold at Magino. The deep holes will be interesting... i.w. what lies directly below this open pit? Anyone ask them about status of these? Drilled? To be drilled? Assays pending?

red911