It was a rough ride for the early investors in International Corona, because the majors were not interested in them after drilling on several showings returned poor results. Moreover, the property had an atypical geological setting which did not conform to the conventional quartz-vein-type gold deposits exploited in the past.

Pezim ignored the skeptics and continued to promote Corona and raise funds for a drill program outlined by geologist David Bell. The industry finally took notice after 76 drill holes and an exploration expenditure of $2 million returned some grades. Boy, what a cliff hanger of a story!

That was in a market where gold prices were under severe pressure (1983) so even with this recent correction, potential for a dramatic upside move for SAN is in the cards regardless of where gold is in the short term!

Incidently, hole #76 yielded 0.2 0zs/T over 20 ft, moving the price up $8.00 over a couple of days!

Will 3MMozs and pending drill results move SAN up $8.00?

We'll soon see!

RUF