I went back through most of the financials to approx April 2009 looking at money spent on assays. I was trying to find if any dollar amount was filed under assays at the same time that we had bulk samples recieved from Dynacor. I didn,t see anything under assays for this period, so I assume that bulk sampling is not listed under the assay column.

http://steliasmines.com/newsrelease/st-elias-mines-ltd-%e2%80%93-tesoro-gold-project-%e2%80%93-update/

Here is a news release from the center of that period that shows bulk sampling was done. As far as I know, the fee for bulk sampling is directly taking off the payout, so should not show up as an expense anyway. This, IMO, would leave the door open for more bulk sampling that could also have been done since May this year and would not have shown up in the most recent financials. We had bagged up bulk material sitting on the property that couldn,t be moved until May this year, maybe that has been sent to the mill to give us new info on the C-3 vein.

I noticed when going back through the financials, that there were only 2 assays itemized in the assay column. 1 assay(May 31/2011) was for work done on the Queva Blanca prior to the IGD option agreement. This news release came out July 13/2011.That assay amounted to $6200~ and as far as I can find out, consisted of this much sampling;

Cruz Vein Verification Sampling

The verification program involved the collection of 101 one-metre-long channel samples of vein material along a strike length of 850 meters. In addition, 81 one-metre-long channel samples were collected from the foot-wall and hanging-wall volcanic rocks that host the vein system. Samples were submitted to CIMM Labs, which is an ISO-certified facility in Lima.

Vein material of the Cruz Vein system yielded gold in rock assays from 0.08 to 15.46 grams. Seventy-two samples were above 1 gram gold and twelve samples were above 5 grams. The Cruz quartz vein/stockwork system contains individual quartz-calcite veins up to 6.5m wide, although most of the exposures in the system consist of narrower veins forming sheeted zones over widths up to several tens of metres (Summary Report, Sivertz, 1999.)

http://steliasmines.com/newsrelease/st-elias-mines-ltd-%e2%80%93-sampling-results-cueva-blanca-gold-property-in-peru/

Amarok had the property from Apr/2010 to May/2011, and it is possible these results may have been a year old when released.

The 2nd assay was labled under "other Peru", showed up in the May 31/2011 financials and was for $363. I see there were 17 surface samples taken during Paul Grays 43-101, and if this was for those samples of fire assay, it would fit. There were other underground verification samples taken at that same time that would amount to much more, so I don,t suspect the $363 is for the 43-101 report, and would assume they are for the new properties. So these results will need to be released also when news starts. I would also assume that all the assays paid for/work done from the 43-101 were most likely recorded under another title; such as exploration, for ex.

There supposedly was ongoing trenching and sampling, this taken;

The Company will immediately initiate a surface exploration program consisting of detailed mapping and surface sampling to define the mineral potential of the North Corridor in advance of a systematic trenching program.

From this release, june 22/2010;

http://steliasmines.com/newsrelease/st-elias-mines-ltd-identifies-parallel-structural-corridor-and-initiates-ground-based-exploration-program-at-tesoro/

Below is taken from the following NR link (Aug 26/2010);

The surface exploration program (rock samples, soil samples, trenching) to examine and evaluate geophysical anomalies is ongoing and results will be announced as and when available.

http://steliasmines.com/newsrelease/st-elias-mines-ltd-%e2%80%93-update-on-corporate-affairs/

So by looking at all the possible late assays, and taking into consideration the $13,000 for assays that showed up in the last financials, its possible the money value is for the late assays. Or, most likely these late ones were not sent in til after the PP along with the drill core.I heard the 13k was a prepaid expense. If this is the case, we should have more sample assays to come back than we think. By holding off getting all these assays done, it must have made it a lot harder for the geos to get a better picture of what was going on with the new things that were most likely found. This may be the reason that Lloyd and more crew went to Peru to speed things up, as these old assays started coming in, it revealed a lot more info, and if these late assays were good, I can understand why they would be needed there with all this new info.Its a shame we didn,t have these assays back in Jan while we were waiting for the permit, but no samples could be removed from the property til we recieved the EIS in May.

Lori,s pockets must be just busting with news releases. I would suspect our sp will be like a bomb when it starts, and her "ten bagger" words in her interview today, may have a chance of becoming reality very soon, if results are good-excellent.

I got a feeling we will all be glued to our computer screens when the news ever starts. Add the short squeeze on top of good news and asks being pulled, maybe to the moon if there is a strong enough hint that we may have what we think. I hope she holds off with news til Jan, so I can get my families TFSA,s topped up.

Oh, the Queva Blanca thing was in there to show you how much that kind/quanity of sampling cost, time lines, and if you do the math on what the verification samples revealed, it may be realized how much value the Queva Blanca may add to our sp down the road, if IGD decides to leave it go back to us. But, I imagine Lori thinks we will be happy with the Tesoro down the road and might farm us into IGD or some other transaction.