Skyharbour continues drilling on the first hole as anticipated on the South Bay Project.. No problems and will soon have hole #1 finished..

Red Lake project has had its share of problems with direction of drilling... as we all know by now... for the last 6 weeks or so and corrections performed have not fixed the problem. Last week a decision was made to restart from the beginng. Starting all over was a hard pill to swallow for all, but we are not the first ones to have problems.. I was in Red Lake when our "Northern Neighbour" ran into troubles and had to abandon their hole and all their drill pipe and bit in the hole. Today they are about to start an exploratory shaft to 5000 ft on Mackenzie Island.

Their problems were over come with patience and time and we will do the same , I feel. In the meantime... Syh is staying firm and Cyp is little soft in the markets this week.

After that Market Correction yesterday that saw gold fall $20. Many investors had a lump in their stomach area... Now today .. recovery to new highs as I type.. Gold is at a new high of $990.60 ..

I am holding all Syh and from what I hear ... South Bay is looking better each and every day..

All the staff will be back to Vancouver from Toronto PDAC (Weather Permitting) ... tonight..... and maybe I can get Don Houston to give us an update on all projects in the next day or so..

Try to stay positive till then....

Best regards to all