I was able to spend some time at the PRB booth and my understanding of where we are now relative to our numerous prospects is as follows;

Borden Lake, This is the priority project for the company over the next few months. David would like to get more holes into the mineralized zone over the next few months and from here contract a company to prepare a NI 43-101 document. The dominant sulphide mineraliation in the core is pyrite and pyrrhotite and both were prominant in the core present. Both sulphide minerals provide a geophysical signature over a strike length of 1.5 km as noted in the March 5 news. The structure dips about 50 degrees to the northeast and the down dip is all within PRB's claims. Other geophysical anomalies are present within the claim block. From this point drilling is the main focus plus the NI43-101. News on lab results were expected prior to the PDAC but this did not happen so I expect them soon.

JV with LSG, There is not much to say regarding this point. The 500 m drilling was primarily to investigate the possibility that the alteration zone was present and extended to depth. If mineralization was intersected that would be a bonus or at least that is what I took from the discussion. LSG are in control and they will decide what is done. The only positive note that I took from this relates to a part of the original agreement whereby the company on earning 55% interest could get a further 15% interest, I don't recall the exact number here, by doing additional work. This has been removed and the JV now stands at 45% PRB / 55%LSG. I did stop by the LSG site to check this out with them, the individual I chatted with noted they were very busy drilling there own property and it didn't appear that there was much time allotted to drilling a JV.

Just my take on this so for now, there are much larger fish to fry at the BL site so am hoping all of our attention gets directed to Borden. In the future Dave can go back to the JV and determing with LSG if there is potential or the property is moose pasture. For now it is moose pasture with some potential.

Black Creek, Not much to write about as this will get sold when Cliffs or someone else shows up with their cheque book. Little to no comment from our representatives so have no opinion as to what this implies.

NSR with AEM, PRB is still working on this, LTGoldBull2 provided a great post on this property in his Mar 5 post, check for details there.

Mcfaulds, For now the various properties in the McFaulds area are on hold as far as planned work. The only comment, we will get back there after Borden and when the climate, political/FN issues work through the system or something to that affect.

So for now PRB is all about Borden Lake, news soon as well as more drilling.

mh