.....And How it May Relate to Tesoro.

I just reread the May 9th NR wherein St. Elias relieved Amarok of the Cueva Blanca and granted options to Intigold. The NR did have the paragraph about the historical work needing to be updated to be brought into compliance with 43-101 standards.

While the company has no reason to doubt the accuracy of the historical results, the data should

not be relied upon until confirmed by the Company's own exploration that meets NI 43-101

standards for disclosure. Historical results and the work that generated them predate the

enactment of National Instrument 43-101 and accordingly may not meet the requirements of that

policy.

Yet the NR gives no indication that any work would be done in the near term. I wonder if Amarok did any work on the property and handed over its findings. There is no indication.

So going with the assumption (and it's just that, an ass-u-me-ption) that sometime after May 9th, 101 samples were collected, tagged and processed, then sent to the assay lab in Lima. The results returned and yesterday's NR prepared. I'd say pretty good for 9 weeks turn around time! I see that Intigold's website is updated today with the same NR carrying yesterday's date.

It's the nine weeks part that excites me. Trenching at Tesoro likely began in the week of May 17. By May 31st, 215 samples were already collected. I have no idea if and when trenching may have been completed or if St. Elias waited for all the samples to be collected before sending any to the assay lab but the time line is running and I feel we are getting very close.

I believe that Intigold will advance the Cueva Blanca. An EIS application will likely be the next step. We all know how long that can take. Vilcoro is further advanced. At a stage somewhere between Cueva Blanca and Tesoro.

While I respectfully acknowledge the wishes of some posters on this boards for more frequent updates on the progress of our projects, to me it is clear that management is not procrastinating. I believe Ookpick thesis for keeping the cards held close is correct. Lack of news

Fun times ahead!