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Message: Financials

Goldking, the link Lunch provided has a news release dated the 12th. There is a highlighted text that says "View Animation" This is new and shows all of the ramps and declines that are completed to date. If you are not familiar with the story it will be a little hard to understand, however read the rest of that news release and look at all of the illustrations. On the discovery side if you look at page 4 you will see the RLM diabase in blue and the newest model shows the green strip called the Shoreline Basalt. There is every indication that all of the reddish coloured zones that have been discovered next to the shoreline basalt are connected for at least 1200 meters and possibly west ward all the way to the 334 vein and beyond. The deeper they go the wider the vein gets and the grades go up. They are also in the process of trying to prove that the veins are continuous from surface to a depth of at least 4500 feet.

In the mining department, a new ramp is under construction to bring ore above the 26 level in order to fully mechanize the haulage and eliminate double handling. They are ramping down into the L10 (big widths and higher grade). 007 is getting it's own power supply and surface portal so it can operate independantly from the hinge. Page 3 of the release shows the exploration drifts at 8 , 16 and 26 levels that will allow drilling to fill in the gaps from below surface eliminating the first 300 meters of drill core that cost a lot of money and have no gold. After the drifts are completed they can be used for future haulage back to the A shaft saving a ton of money in Diesel costs by not having to haul up hill to the surface. There is a lot going on and you will need lots of time to fully understand it all. I have no doubt this is going to be huge, however blasting through hard rock for thousands of meters is not that easy and takes a lot longer than I thought it would.

RP

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