This was taken from an earlier news release talking about moving one drill over to check out a new zone. They subsequntly found Cohiba. With eight of these Hinges to explore it will take a while to know what we are really worth. With budgets of 6-8 million per year for drilling, there will be lots of opportunities for "traders" to make money and lots of money to be made by "investors" that can handle the ups and downs of the markets. I believe management has done the right thing by getting over to the hinge and starting to mine the lowest cost, highest grade ore ASAP. If we can show some positive revenue numbers by year end, any future financing arrangements can be made on our terms. If the objective is to be bought out by a major, we only need to keep drilling, and no more money will be needed as mine production should be adequate to finance an expanded drill program in the near future. Only my opinion.

A fourth drill rig has moved to a parallel hinge axis line to approximately 500 meters to the west of Hinge #4 in order to test other similar structures which include early mine workings. These workings include the Big Four shaft (sunk in 1916), and the #1 and #2 Goldcup veins and an inclined shaft sunk during the 1920's. To date a total of 8 hinge or axis lines have been located, all of which have identical geology and host rocks as the Hinge #4 zone, most contain evidence of early (pre 1930's) exploration and development efforts such as pits, trenches and shafts. There is no known record of these showings having being systematically explored.